Huawei Technologies will launch new handsets and electric vehicles that provide new challenges to both Apple (AAPL) and Tesla (TSLA), just hours after Apple unveils its AI-enabled iPhone 16.
Huawei will unveil the first smartphone that folds twice, Bloomberg reported, citing a source.
Apple will debut its iPhone 16 on Monday, Sept. 9.
The AI handset is seen as key to reigniting Apple sales growth, notably in China.
Apple iPhone shipments in China fell slightly in Q2 vs. a year earlier, while Huawei’s soared 41%, according to research firm Canalys.
It was the first time that Chinese handset makers held the top five positions in China, with Huawei and Xiaomi in the lead and Apple slipping to sixth.
Huawei EV Launch Huawei also is expected to unveil two electric vehicles via its Harmony Intelligent Mobility Alliance.
HMIA involves a range of Chinese automaker partners teaming up with Huawei, which provides advanced infotainment and driver-assist capabilities.
The second should be the Luxheed R7, a Tesla Model Y competitor.
Tesla China sales were strong in August.
Shortly after Apple (AAPL) debuted its AI-enabled iPhone 16, Huawei Technologies is going to release new phones and electric cars that pose new threats to both companies.
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The massive Chinese tech company announced on Monday that it will be showcasing a “epoch-making product” at the Sept. 10. . According to Bloomberg, which cited a source, Huawei will launch the first smartphone with two folds. When the phone unfolded, its screen would fill an iPad.
On Monday, September 16, Apple will unveil the iPhone 16. 9. . This iPhone is the first to be equipped with artificial intelligence. The AI phone is thought to be crucial to rekindling Apple’s sales growth, especially in China.
Apple iPhone shipments in China fell slightly in Q2 vs. a year prior, but Huawei’s increased by 41%, per research firm Canalys. Huawei and Xiaomi led the pack, while Apple dropped to sixth place, marking the first time that Chinese smartphone manufacturers have held the top five spots in China.
Early on Tuesday, Apple stock began to decline. Last week, shares increased by almost 1% to 229, constructing the right side of a V-shaped consolidation with a buy point of 273 points.
Launch of Huawei EV.
Through its Harmony Intelligent Mobility Alliance, Huawei is also anticipated to introduce two electric cars. With Huawei, which offers cutting-edge infotainment and driver-assist features, a number of Chinese automaker partners collaborate on HMIA technology.
The first is the Aito M9 SUV, which will go up against Li Auto (LI) and other competitors in 2025. Seres has endorsed the nameplate Aito with Huawei. A competitor to Tesla’s Model Y, the Luxheed R7, ought to be ranked second. An initiative by Huawei and Chery is called Luxheed.
In China, Tesla’s competitors are becoming more and more well-known. Rivaling the Model 3, Xiaomi’s SU7 sedan is a huge hit.
Launching at a price point slightly above $16,000, XPeng (XPEV) has significantly undercut the Model 3 with its Mona M03 sedan. The first EV under the new Mona sub-brand received at least 50,000 orders in the first 72 hours, according to the EV manufacturer. Later this month, mass deliveries will begin.
Later this month, Nio (NIO) will formally introduce its Onvo L60, with deliveries scheduled to begin before September. Another competitor to Tesla’s flagship EV, the L60, is expected to be marginally less expensive than the Model Y.
August saw high sales of Tesla vehicles in China.
For updates on the stock market and other topics, please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson.
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