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IT House July 9 news, Yu Chengdong said at the 14th China Automotive Blue Book Forum that Huawei invests a lot in cars, spending more than one billion US dollars a year, but this business is currently Huawei’s only loss-making business. At the same time, he also said that Huawei has made great efforts to attract automotive talents. At present, more than 7,000 people are directly involved in related work, and more than 10,000 people are indirectly involved.

According to the “Securities Daily”, Huawei AITO regional manager said that offline channels are currently being vigorously laid out. Although the expansion of some second- and third-tier regions has been delayed due to the impact of the epidemic, coverage in mainstream cities is already Huawei’s goal.

“In Beijing alone, there are currently more than 20 authorized experience stores that can sell cars, and the number of user centers that undertake after-sales services will expand from 4 to 7 by the end of the year.”

IT House has reported that on July 4, Huawei officially launched its second product, AITO M7, for its partner smart car brand AITO. The new car is positioned as a luxury and intelligent large electric SUV, starting from 319,800 yuan.

According to the “Securities Daily”, the person in charge of the Huawei store revealed that there are still relatively few prototypes of the Wenjie M7 in the country at present. This is mainly due to the increase in popularity and market recognition, but the channel needs to be further opened.”

In addition, Huawei sources also revealed that this year, Huawei will increase the development of offline stores, that is, it will focus on entering Huawei terminal stores and exist in the form of “Huawei authorized experience stores”, and will appropriately transform some stores. Increase the proportion of car display and sales.

Huawei released the AITO M5 on December 23, 2021, and started delivery on March 5. According to the data of the China Passenger Transport Association, this model delivered 3,045 units in March, unknown in April, 5,033 units in May, and 13,199 units in the first five months, while the official June sales were 7,021 units, and the first 6 months were 7,021 units. A total of 20,220 vehicles.

According to Huawei’s latest data, within 72 hours of booking, orders for AITO M7 have exceeded 60,000 units, and the first models are expected to be delivered in August.

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