Huawei's Richard Yu: There's room for only 5 auto makers in China
In an interview, Huawei's executive director and also a CEO of the Intelligent Automotive arm of Huawei Richard Yu made an interesting prediction about the local car market. He said that there will not be room for more than five major automakers in China when the EV market matures and explosive development stops.
Richard Yu gives an example with the airplane industry where many of the big players gave out their market positions to just two big companies currently dominating the market - Airbus and Boeing.
As of now, the biggest Chinese EV makers are Nio, Xpeng Motors, Li Auto, Leapmotor, Zekkr and Neta. Huawei's joint venture with Seres Group called Aito is still in its infancy. The current Aito M5 and M7 cars running on Huawei's software shipped around 10,000 vehicles in September due to lingering supply chain constraints. The actual capacity of Aito is now 20,000 per month.
Reader comments
Yu of course is more likely to be right than I am, but I wonder if the CPC will allow that to happen? They may want more diversity and no industry dominating companies that eventually buy political control (see Boeing/Airbus as examples.) Increasin...
- 15 Oct 2022
- 0pg
If you ignore EVs made by GM, there are suddenly 90% less cases where EV battery caught fire, same goes for ICE BMW - if you ignore BMW there are 50% less cases of ICE cars starting an unwanted barbecue.
- 15 Oct 2022
- ps1
- Anonymous
Tesla, BYD, Xipeng, Nio, and Polestar. There is no room for Huawei
- 15 Oct 2022
- s8K