Huawei's automotive BU revenue increased significantly, mainly from Seres

According to the first half of 2024 financial report, Huawei's automotive BU revenue reached 10 billion yuan, a year-on-year increase of 34.3%, and a net profit margin of 13.2%. Among them, the delivery volume of Huawei and Seres' cooperative models was about 190,000 units, accounting for more than 90% of Huawei's automotive BU revenue.