- Huawei stores become car dealerships
- Philippines turns back to the U.S.
- Goldman Sachs grows in China
- Apple stores its cloud data at state-owned company
- Shenzhen skyscraper suddenly sways
- Study warns of risks in old economy
- Minxin Pei: trade dispute blocks climate policy
Electric cars instead of mobile phones can now be found in Huawei stores in China, as our authors observed on the ground. The mobile phone business is suffering from American sanctions, while the electronics group wants to make a name for itself as a vehicle supplier. The cars may not be Huawei-branded products, but all the digital technology in them comes from the company’s engineers. And for young customers in China in particular, a car is the driving and connected extension of a mobile phone. Huawei is demonstrating here how a company can react flexibly to external shocks.
How to deal with today’s China? This question runs through China.Table’s political reporting. This time we look at the Philippines, which has its own concerns with the neighboring country, after all, the People’s Republic claims vast maritime areas just off its own coast. President Rodrigo Duterte is therefore now doing an about-face once again. After first drawing closer to China in order to annoy the USA, he is now doing it the other way round. This is somewhat reminiscent of the Eastern and Southern European states, some of which have now ended their flirtations with China in disillusionment.
People panicked yesterday in a 290-meter skyscraper in Shenzhen in the middle of the bustling electronics district of Huaqiangbei. The building had started to sway for unknown reasons and had to be evacuated. Since nothing more is known yet, we have left it for today with a short report. Hopefully everything will remain stable.
Huawei Stores evolve into Car Dealerships
The Huawei store in the Wanxiang Tiandi shopping district in the southern Chinese city of Shenzhen has always been special. When the three-story glass temple opened in September 2019, Huawei called it its “first global flagship store.” Back then, the entire ground floor was lined with bright wooden tables where the company proudly displayed its latest smartphones. But things have changed inside the store.
Some of the tables have disappeared in recent weeks. The first thing customers now see when entering the sprawling Huawei store are: cars. The vehicles Huawei is showing are from the Chinese brand Seres. This is a Californian e-mobility subsidiary of the car company Sokon from the western Chinese metropolis of Chongqing. Huawei formally cooperates with Seres and a number of other car manufacturers. Huawei expressly does not want to build its own cars. Instead, the company wants to offer its technical know-how to other manufacturers. In addition to the Seres brand name, a small Huawei logo can also be read on the back of the cars (China.Table reported).
At its Shenzhen flagship store, Huawei has displayed two models of Seres’ SF5 compact SUV. They can also be seen in Shanghai, Chengdu and Hangzhou, among other places. They are priced from the equivalent of 27,800 euros (216,800 yuan). Customers can not only buy them in stores, but also via Huawei’s e-commerce platform VMall.