Huawei’s car business swings to first-half profit on strong revenue growth

Huawei’s car business swings to first-half profit on strong revenue growth
Huawei has maintained its position among the top five global companies that made the highest R&D investments in 2022.Huawei’s automotive business unit swung to a net profit of RMB 2.23 billion ($313 million) in the first six months of this year, while revenue more than doubled to over RMB 10.4 billion, boosted by surging demand for partner Seres’ electric vehicles. The unit had losses of RMB 7.6 billion and RMB 5.6 billion in […]

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