According to the reports Luxembourg-based Rolling Wireless which is a Volkswagen parts supplier signed a licensing patent with Huawei. According to the deal Huawei will be providing 4G connectivity in the vehicles, which are around 30 million vehicles. The Chinese giant Huawei said that the 4G patent License from the automobile company is one of its biggest deal in the automotive industry.
Huawei chief legal officer Song Liuping said that being an innovative company, they own a leading patent portfolio for wireless technologies, which will create great value for the automotive industry. He further added that they are glad that their talent and innovation is known to the key players from the automotive industry; and they have faith that with this License consumers throughout the world will benefit.
Huawei sales were down by by 16.5% in April but it was due to selling off its Honor brand, the company reported. Though the revenue was down, but the margins were up due to the ongoing efforts to improve quality of operations and management efficiency and thanks to a $600 million patent royalty, the company said. Irrespective of the kind of challenge we may face, the company will continue to maintain their business resilience for sustainability not just survival.
Huawei rotating chair Eric Xu said.
2021 will be another challenging year, but it will be also be the year that our future development strategy will take shape