Huawei, a Chinese telecommunications company, has seen a significant increase in profits in 2023. Factors contributing to this success include better product offerings, such as the popular Mate 60 Pro smartphone, and a 9.6% revenue growth. The company's intelligent automobile solutions business has also experienced strong growth, indicating a diversification of its revenue streams.
Ecarx, a Chinese tech firm from Geely, focuses on developing accessible driver assistance systems, aiming to challenge Nvidia's dominance in autonomous driving. Targeting the mass market, Ecarx designs affordable safety-enhancing technologies. With plans to expand beyond China, the company aims to gain a competitive edge, increasing overseas sales to become a global player.
