. BEVs > Huawei
– Ownership and Brief History
Ownership:
- Huawei states that it is a private company wholly owned by its employees.
- Specifically that “Huawei Investment & Holding Co., Ltd. is a private company wholly owned by 151,796 of its employees and retired beneficiaries, as of December 31, 2023. Mr. Ren’s investment accounts for nearly 0.73% of the company’s total share capital.”1
Brief History:
Huawei is a major global provider of information and communications technology (ICT) infrastructure and smart devices. Here’s a brief summary of its ownership and history:
- Foundation and Early Years:
- Founded in 1987 in Shenzhen, China, by Ren Zhengfei, a former People’s Liberation Army officer.
- Initially, it focused on selling and then developing telecommunications switches.
- Early growth involved significant investment in research and development, and a focus on serving developing markets.
- Growth and Global Expansion:
- Huawei expanded its product range to include telecommunications networks, consumer electronics, and enterprise solutions.
- It became a major player in the global telecommunications industry, particularly in 5G technology.
- In 2024 it launched its first EV
– Models (See Reviews & “Real World ” Range Info)
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