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Huawei is set to invest over $10 billion in research and development over the coming five years.
Huawei will invest over $10 billion in smart-driving R&D over five years.
KEY POINTS
- Jin Yuzhi announced the investment initiative at an event in Beijing.
- This year, Huawei plans to spend 18 billion yuan globally on smart-driving R&D.
- 10 billion yuan of this year's budget will be dedicated to boosting computing capabilities for vehicles.
COMPANIES
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