Huawei to invest $2.63 billion on R&D in smart driving technologies


Visitors look at electric vehicles (EV) displayed outside the venue before Huawei's Automotive Technology Conference in Beijing, China April 23, 2026. REUTERS/Florence Lo

BEIJING, April ⁠23 (Reuters) - Huawei Technologies ⁠will invest 18 billion ‌yuan ($2.63 billion) on research and development into smart driving technologies ​globally including 10 ⁠billion yuan ⁠on computing power for training, ⁠a ‌senior executive said on Thursday. In ⁠the next five years, Huawei ​will ‌invest 70-80 billion yuan ⁠on ​computing power, Jin Yuzhi, Huawei's senior vice ⁠president, said at an ​event in Beijing ahead of the country's largest ⁠auto show starting on Friday. The company also launched its latest Qiankun ADS ​advanced driving ⁠assistance system.

($1 = 6.8346 Chinese ​yuan renminbi)

(Reporting ‌by Zhang Yan ​and Florence Lo; Editing by Sharon Singleton)

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