Huawei is spending 4 billion yuan ($632.52 million) to build a new headquarters and research and development center for its digital energy unit, according to local media reports, as the Chinese telecom giant diversifies its business amid US pressure.
The 21st Century Herald reports that Huawei Digital energy has signed an agreement with the local government of the southern city of Shenzhen, where the parent company is headquartered, for the project.
She said the signing was part of a larger event held by Shenzhen to mark the launch of new construction projects in the city.
The 21st Century Herald said Huawei’s project helps boost the “bi-carbon” supply chain, referring to China’s goal to reach its peak carbon emissions before 2030 and become carbon neutral before 2060.
Huawei is trying to diversify its portfolio beyond its core telecommunications and smartphone business, which has been hit hard in recent years by US export restrictions.
The company was registered in June of 2021 under the management of the current Chairman of the Board of Directors of the parent company, Ken Ho. Its registered capital is 3 billion yuan. It aims to meet the challenges of the era of big data, traffic and energy consumption.
Huawei invests 4 billion yuan in digital energy Project
Huawei Digital energy is committed to integrating digital and energy electronics technologies, developing clean energy, and enabling energy digitization to drive the energy revolution for a better and greener future.
The company provides solutions such as smart data centers and helping telecom operators and towers achieve green efficiency, according to the company’s website.
With nearly 6000 employees, Huawei Digital energy serves one-third of the world’s population in more than 170 countries and regions.
The company helps create new energy systems that rely primarily on renewable energy. And build digital twins for the world of energy.
In addition, it simplifies the production and use of energy. It also helps build green, low-carbon and smart data centers and communications networks.
It is redefining the driving and safety experiences of consumers in electric vehicles, accelerating the electrification of transportation. It also works with partners to build low-carbon buildings and headquarters, and promote the transition towards low-carbon cities.
Huawei Digital energy and China Resources energy , which operates coal-fired power plants, in January signed a cooperation agreement.
The agreement aims to develop clean energy projects such as big data platforms for solar panels, energy storage systems and smart power stations.
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