Chinese multinational technology company Huawei has reached a license agreement with a supplier of Volkswagen.
This would be the Shenzhen-based firm’s largest licensing deal in the automotive industry. The deal includes Huawei’s 4G standard-essential patents (SEPs)-based license which would cover German motor vehicle manufacturer Volkswagen’s vehicles equipped with wireless connectivity.
Sharing his view on the deal, Mr. Song Liuping, Chief Legal Officer of Huawei, says: “As an innovative company, we own a leading patent portfolio for wireless technologies, which creates great value for the automotive industry. We are pleased that key players from the automotive industry recognize that value. We believe this license will benefit worldwide consumers with our advanced technology.”
More than 30 million Huawei vehicles are expected to be licensed under its patents based on existing license agreements.
Over the past 20 years, Huawei has entered into more than 100 patent license agreements with major global companies across Europe, the United States, Japan, and South Korea. Huawei will continue to bring digital connectivity to more vehicles globally to establish a fully connected, intelligent world.