Huawei is scaling up its car sales business to make up for a loss of revenue caused by the decline in mobile phone sales. The brand which is known for smartphones is currently transforming its high-end experience stores and training shop assistants to carry out car sales.
News outlet Shenwang has reported that Huawei plans to sell cars in 200 experience stores by the end of July and expand to more than 1,000 by the end of 2021. Yu Chengdong, the CEO of Huawei’s consumer unit, aims to sell 300,000 vehicles in the next year.
Huawei has begun its car venture by selling the Cyrus Huawei Smart Selection SF5 and is aiming to produce more than 6,500 units per month. It plans to rapidly expand its car business and has partnered with automotive brands BYD, BAIC, Mercedes-Benz and Changan.