Oppo follows Xiaomi and Huawei, shocking the electric car industry

Without a doubt, the electric vehicle industry is in full swing. With each passing day, the industry sees a new player join in, while a number of mobility companies have also recently repeatedly expressed their intention to one day launch an electric vehicle.

Oppo also wants to make electric cars

According to newly updated information, Oppo, a major smartphone company, also wants to make a mark in the fledgling electric car industry.

Oppo founder and CEO Tony Chen is said to be running the project and over the past few weeks, Chen and his team of experts are said to have been conducting investigations to understand the process. electric vehicle manufacturing.

They are said to have also met with officials from the China Automotive Research Institute and the Passenger Car Division, as well as with battery maker CATL, which supplies batteries to Tesla.

“If mobile manufacturers can’t make good cars, but thanks to OPPO’s strength, we will try it soon in the future,” said Tony Chen.

Although not officially established, it is clear that Oppo’s electric car project is underway, as this electronic brand has also started to hire talents from the auto industry and they have planned locates its electric vehicle division in Chengdu, China.

Furthermore, it looks like Oppo will focus on developing its electric cars, as it has appointed two top executives from its software engineering team to head the upcoming autonomous electric vehicle division.

In addition, Tony Chen has previously stated that Oppo will try to produce electric vehicles in the future, and even in car production, like with electronics, Oppo will focus on this area as much as possible. .

It remains unclear whether Oppo will enter the electric vehicle segment as software support for other automakers, or build its own model. As for the other tech giants, Apple looks set to team up with LG-Magna for its self-driving electric car. Xiaomi has announced plans to invest $10 billion in electric vehicles over the next 10 years.

Thus, if this information is true, Oppo will become the latest smartphone company after Huawei, Xiaomi and Apple to enter the global electric vehicle market.

However, a question arises, why do technology companies want to make electric cars?

The first reason is because this market is still very large. If only for the Chinese market, according to preferential policies, sales of new electric vehicles are expected to reach 20% of total vehicle sales by 2025. The US market also recorded a growth of 1.8% for New electric cars on sale in 2020.

In 2030, China will reach a peak in carbon emissions, and it is expected that by 2060 will be able to neutralize this level of emissions to acceptable levels. So policies that pave the way for new electric vehicles will become mainstream in the next few years in this country of 1 billion people.

Switching to another product business is also a must for technology companies, when smartphones are becoming saturated. With the development of technology, it is difficult for smartphones to make breakthroughs. And user demand for replacements is no longer strong. Smartphones have transitioned from an era of incremental to an era of inventory and a near-saturated market.

So the transformation will be essential and the connection between electric and electronic vehicles will set the stage and create momentum for technology companies to enter this market. In addition, most countries and regions around the world are promoting electric vehicle development, and the market size will also increase many times. Many countries and regions also began to restrict the sale of new fossil fuel vehicles starting in 2025.

Moreover, cars have begun to convert from traditional means of transport to smart devices such as self-driving cars or robot taxis. They have become indispensable for the arrival of emerging technologies such as Big Data, cloud computing, 5G or AI…