Huawei's Richard Yu: There's room for only 5 auto makers in China
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Huawei's Richard Yu: There's room for only 5 auto makers in China
Ro, 14 October 2022
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.
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