Huawei has maintained its position among the top five global companies that made the highest R&D investments in 2022. Credit: 123rf
Toyota has reached a deal with Huawei on the use of key components from the Chinese tech giant’s mobile data center (MDC) platform for enabling autonomous driving functions on its locally-made electric vehicles, people familiar with the matter have told Chinese media outlet Xinliu Car. The partnership will be limited to the Chinese market only and will not involve global sales, with BYD Toyota Technology Co., Ltd (BTET), a 50-50 joint venture established betwen Toyota and BYD in mid-2020, owning the project, sources said on Tuesday. The Japanese automaker was previously reported to be considering incorporating Huawei’s self-driving technologies into its global models, and the two companies may announce that plan as early as the Beijing Motor Show later this month, according to a report by Tencent News. Meanwhile, autonomous driving startup Momenta will reportedly provide software services for the project. The company is a major supplier to BYD and raised $500 million in a Series C funding round from auto majors including Toyota announced in March 2021. [Xinliu Car, Tencent News, in Chinese]
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