Huawei
Huawei is making significant strides towards achieving 100% domestic smartphone production with its new Pura 70 series. This latest series is nearly entirely Chinese-made, with over 90% of components sourced from local suppliers. This move has not only helped drive high sales for Huawei but has also increased market demand for their products.
Domestic Production Boost
By sourcing the majority of components locally, Huawei is not only supporting Chinese suppliers but also reducing its reliance on foreign markets. This shift towards domestic production has not only been beneficial for Huawei's bottom line but has also helped strengthen the local economy and create more job opportunities within China's tech industry.
Market Demand
The increased focus on domestic production has resonated well with consumers, with many showing a preference for locally-made products. This has led to a surge in demand for Huawei's Pura 70 series, further solidifying the company's position in the smartphone market. With this successful venture into domestic production, Huawei is set to continue its growth and innovation in the industry.