Huawei's purchase of new energy vehicle speed reducer and related parts from a Chinese firm makes the outside world wonder: is Huawei going to make its own cars?

In response, a source from Huawei told the Securities Times that the company has no plans to build a complete vehicle, it is not clear at the moment the announcement involves the procurement of parts for use, internal verification of information.

Another person with knowledge of the analysis said that the cooperation should be limited to the field of new energy vehicles three electric, not involving the whole vehicle.

Yesterday, Mianyang Fulin Precision announced that the company recently signed the "Vehicle Speed Reducer Procurement Project Agreement" with Huawei, and the company has been identified as the supplier of Huawei New Energy Vehicle Speed Reducer and related components products.

The announcement said that the two sides will cooperate in the field of new energy electric drive assembly around the core technology products and industrial resources in the future.

Huawei plans to launch HiCar, a system that allows drivers to use navigation, voice assistants and other apps on their phones on the car's digital dashboard, this year.

The Huawei HiCar platform will allow users to operate the vehicle's air conditioning and doors from their phones, while providing crash prevention features. These controls are not limited to in-vehicle entertainment systems, but also require cooperation with the car manufacturer.

Huawei is also developing 5G automotive communication devices and cloud computing services specifically for self-driving. The company has worked closely with more than 30 automakers around the technology, including China's state-owned SAIC Motor.