According to Caixin, Huawei will be the next to challenge Tesla in autonomous driving, and it is well-positioned for partnerships because of its dual competence in software and hardware.

For Tesla, the bad news just keeps getting worse. This week, it was revealed that Hertz, which previously garnered attention for purchasing a sizable number of electric vehicles for its fleet, was selling off a large portion of its used EV fleet to revert to using internal combustion engines. The business was also closing its Berlin plant.

In addition, Caixin reported at the end of the week that Huawei is now trying to overtake Tesla in the battle for driverless vehicles.

As the research points out, many companies are fighting for a piece of the potentially enormous market as the search for self-driving car technology heats up. In an attempt to take the lead in intelligent driving, Huawei has entered the race by unveiling a venture centered on intelligent automotive systems and components...