Autonomous driving technologies are the most crucial part of intelligent and electric vehicles, president Wang said.
The verdict means that Xiaomi has finally shaken off a geopolitical burden that weighed down its shares since earlier this year.
US investors will be prohibited from buying Xiaomi shares and will have to divest their holdings by November, according to the executive order.
Xiaomi asked the court remove it from a defense blacklist that bans Americans from investing in companies linked to the Chinese military.
The world’s fourth-biggest phone maker Xiaomi now pledges to develop high-quality EVs with a ‘best-in-class’ connected device ecosystem.
Huawei is losing its status as a smartphone powerhouse in 2021, with a smartphone shipment forecast putting it in seventh place among global vendors.
The launch shows that the split is an initial success, as the Honor phone contains technology that Huawei still finds difficult to acquire.