According to the latest information, Chi Linchun, President of Huawei Smart Car Solutions BU Marketing and Sales Service Department, said that the entire investment return cycle in the automotive industry is very long.
Chi Linchun said that in the past three years, Huawei has invested about US$3 billion (about RMB 21.7 billion) in the research and development of auto parts.
At the same time, more than 7,000 R&D personnel have been recruited, and a 600-acre intelligent networked vehicle test field has been established in Suzhou, as well as nine joint innovation laboratories covering more than 2,000 square meters.
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