Yu Chengdong: The only loss of Huawei is the automobile business, which is definitely a "money-burning" business

Time：2022-07-11 11:42:45Source：

"The (automobile) business is Huawei's only loss-making business," Yu Chengdong pointed out at the 14th China Automotive Blue Book Forum in 2022.

Yu Chengdong said that Huawei has invested a lot in the automotive business, reaching more than one billion US dollars every year.

He admitted that Huawei's automotive business (smart car solution BU) directly invested 7,000 people and indirectly invested more than 10,000 people.Before, HUAWEI CLOUD was also at a loss, but it has just turned a profit this year.At the same time, he pointed out that the investment in parts is huge, which is definitely a business that burns money, and it is definitely a difficult business to do.

Regarding the automobile business, Yu Chengdong also pointed out that the extended-range car is very suitable as the first car in the family. He suggested that pure fuel vehicles should be eliminated as soon as possible, and shared that the gasoline-powered electric power generation for extended-range vehicles is more fuel-efficient than fuel vehicles, which can save about half of the fuel. A real boost in energy efficiency.