Overview

• Mass deliveries of the Luxeed S7 electric sedan, developed by Huawei and Chery Auto, have started.
• The electric vehicle faced delays due to semiconductor shortages and issues with a computing unit made by Huawei.
• Priced at 249,800 yuan ($34,600), the Luxeed S7 is positioned as a rival to Tesla's premium Model S but is closer in price to the Model 3.
• Huawei's revenue saw the fastest growth in four years in 2023, bolstered by its smart car solutions.
• The Luxeed S7 had about 20,000 orders as of November 28, 2023, indicating strong market interest.