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Apple can’t do cars. Meet the Chinese tech giants that can

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Apple can’t do cars. Meet the Chinese tech giants that can

Chinese tech firms such as Baidu, Huawei, and Xiaomi are making their mark in the car industry, leveraging their expertise in software, hardware, and autonomous driving technology. These companies are targeting the Chinese market, where young consumers value software and entertainment systems in cars. Baidu has partnered with Geely to establish JIDU, focusing on providing technology for voice recognition and autonomous driving software. Huawei assists carmakers like Seres with software and hardware in exchange for a percentage of sales. Xiaomi, on the other hand, recently received permission to produce its own vehicles. However, profitability remains a challenge due to regulatory hurdles and intense price competition in China's EV industry.

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