Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Norway’s Wealth Fund Backs Shareholder Push for Microsoft Human-Rights Risk Report 
Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
Apple Leads Singles’ Day Smartphone Sales as iPhone 17 Demand Surges 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
Coupang Apologizes After Massive Data Breach Affecting 33.7 Million Users 
Airbus Faces Pressure After November Deliveries Dip Amid Industrial Setback 
Samsung Launches Galaxy Z TriFold to Elevate Its Position in the Foldable Smartphone Market 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative 
Yu Chengdong, Chairman of Huawei Consumer Business Group, expressed confidence that Huawei's intelligent driving unit will outperform competitors in China, including Tesla's FSD.
Huawei's New Smart Cars
Yu Chengdong, Chairman of Huawei Consumer Business Group, expressed confidence that the company's intelligent driving unit will outperform competitors.
Huawei, in collaboration with its partners, unveiled an impressive fleet of smart cars at a launch event on May 31. This move was a strategic response to a Reuters report indicating Tesla FSD's (Full Self-Driving) plans to enter the Chinese market. The executive's statement during the conference shed light on Huawei's competitive stance.
Insider sources reveal that Tesla, the U.S. electric vehicle (EV) manufacturer, is strategically preparing to register its FSD software with Chinese authorities, a move that could potentially disrupt the Chinese smart car market.
The Elon Musk-led company, based in the United States, is also contemplating offering the software to its customers in China as a monthly subscription. Presently, Tesla provides FSD access to its vehicle proprietors for a singular payment of 64,000 yuan ($8,828.32). In the future, it may also offer the service for a monthly fee of approximately $98.
According to Huawei Central, Tesla already has two autopilot driving assistance systems in the Chinese market, but they are less efficient. The company now wants to bring the FSD software product to market by finishing registration with MIIT and starting testing.
Tesla's Market Pressure
According to Yale Zhang, managing director of Shanghai Consultancy Automotive Foresight, other EV companies would feel pressured to speed up their R&D efforts following Tesla's FSD release in China. On the other hand, Huawei has a different viewpoint regarding this matter.
"Tesla FSD does a great job. The solution does not rely on high-precision maps. But still, our solution is better and safer!" Yu stated.
The company, according to Yu Chengdong, has tested its solution in numerous nations, including the United States. Additionally, the overall outcomes are satisfactory for contending with other firms in the automotive industry.
