Huawei will allocate 4 billion yuan ($632 million) to build a new
headquarters and research and development (R&D) center for its digital
power unit in Shenzhen in the face of US sanctions.
Citing Reuters, Sunday (20/2), Huawei Digital Power signed an agreement with
the local government of the southern metropolitan city of Shenzhen on
Thursday (17/2). The plan, this development will be similar to the
headquarters of Huawei's parent organization.
The signing was part of a major event organized by Shenzhen to mark the
launch of a new construction project in the city.
This effort is part of promoting a dual carbon supply chain, which is a sign
of reaching China's peak global emissions by 2030 and becoming carbon
neutral by 2060.
At the moment, Huawei has not responded to the matter, but the Chinese tech
maker is definitely working to contribute as much as possible to provide
excellent support for his country.
Industry analysts believe that such activities will diversify Huawei's
business portfolio to mitigate the impact of US sanctions.
According to information, the Huawei Digital Power subsidiary is registered
under the parent organization Huawei and Ken Hu has been the rotating
chairman of the company. It was created to face challenges in the era of big
data, traffic, energy consumption and help telecommunications operators to
achieve efficiency.
In January, Huawei Digital Power and China Resources Power Holdings Co Ltd,
which operates coal-fired power plants across China, signed a cooperation
agreement for the development of clean energy projects such as big data
platforms for solar panels, energy storage systems and power generation.
