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Huawei sees prospects in developing its energy business

Huawei sees prospects in developing its energy business

Sanctions by the U.S.
and its allies, as you know, have badly affected Huawei Technologies in terms of sales of smartphones and base stations for communication networks, but the Chinese giant is seeking new niches for further development, and supplies of modern equipment for the energy sector may become a way to save the company in the difficult current conditions.Image source: Huawei Technologies Last June, Huawei managed to separate into an independent structural unit of its business.
Originally, Huawei had to produce them to equip its own base stations with autonomous power supply, but now the corresponding solutions are supplied to a wide range of customers.
The interest in Huawei energy systems in the Asian region is very high, according to the company's representative.
While the revenue of Huawei Technologies as a whole decreased by 28.5 percent in 2021 under the burden of sanctions, the energy business showed a 30 percent revenue growth and it is going to maintain the same dynamics this year.
The unit employs about 6,000 people, and there are 12 research centers of the relevant profile scattered across China, Asia and Europe.
Huawei energy equipment is produced in China using components from different countries, but if necessary, the company is ready to organize the production of such products abroad as well.
Diversification of supply channels allowed the company to avoid a significant impact of lockdowns in China on its core business.
Huawei has high hopes for the upcoming migration to electric vehicles - the development of charging infrastructure will not do without the use of this brand's power generation equipment.
Currently, solar power plants in Singapore, Indonesia and Cambodia are actively using Huawei solutions, and the brand's profile products are in high demand in the region.

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