NIO Inc. (NYSE:NIO), Tesla Motors, Inc. (NASDAQ:TSLA) — First Tesla, Nio Rival to run on Huwaei’s software, begins deliveries of EVs to retail


Chinese automaker Seres has begun delivery of its AITO M5 hybrid electric car, the first to run on telecom giant Huawei’s Harmony operating system, state-backed media Global Times reported Sunday.

What happened: The AITO M5, which is expected to compete with Tesla Inc (NASDAQ: TSLA), Nio Inc (NYSE: NIO) and other EV rivals, started retail deliveries in Shanghai on Saturday, according to Global Times, which announced it. company quoted and local media reports.

The electric hybrid will be delivered to 36 cities, the report said, adding that Huawei’s operating system equips the AITO M5 with intelligent driver assistance, a split screen and many other smart features.

See also: Huawei aims for more than $1 billion in self-driving cars, EV Technologies R&D, amid claims of beating Tesla: Bloomberg

Why it matters: Huawei has previously said it doesn’t plan to make cars itself, but supply the main operating system to several automakers interested in launching their own electric hybrids.

The privately held company is looking to leverage its foray into the automotive sector to offset its over-reliance on consumer electronics. Last year, Huawei said it would invest more than $1 billion in research into autonomous driving and electric car technologies.

Photo courtesy: Huawei

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This post NIO Inc. (NYSE:NIO), Tesla Motors, Inc. (NASDAQ:TSLA) — First Tesla, Nio Rival to run on Huwaei’s software, begins deliveries of EVs to retail was original published at “https://www.benzinga.com/markets/asia/22/03/26011474/first-tesla-nio-rival-running-on-huwaeis-software-begins-retail-ev-deliveries”

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