China’s leading search engine Baidu is rushing to lead the race in popularizing driver-assistance features on consumer cars.
The recall raises questions about the carmaker’s future in the Chinese market. The company’s prestigious image has soured quickly in China.
Autonomous driving technologies are the most crucial part of intelligent and electric vehicles, president Wang said.
A management reshuffle signals commitment as Huawei tries to break into the fast-growing autonomous and electric vehicle sector.
SAIC is among a list of state-backed automotive majors shifting towards startup chipmaker Horizon Robotics as a domestic substitute for global suppliers.
The move is a direct response to consistent concerns among existing carmakers about the potential threat of Huawei entering the industry and manufacturing its own cars.
Li Auto booked its first quarterly net profit in Q4 but investors are worried about underinvestment in products and self-driving technology.