Chinese tech giant Huawei released an announcement on May 24, reiterating that the company is not making cars and will not make cars in the future, The Paper reported.

We have clarified this long-term strategy since 2018, and not changed it since then, Huawei said.

In its latest statement, Huawei said the industry does not need Huawei-branded cars, but rather its ICT (Information and Communication Technology) technical capacity. Huawei aims to enable car OEMs to build better vehicles based on ICT, which means the company aims to be a provider of digital car-oriented components.

Huawei has not invested in any carmakers, nor will it invest in any in the future. Huawei will not become a controlling shareholder or a shareholder of any car enterprises, the company said, adding that any suggestions of Huawei making cars or having a share in carmakers are rumors.

Huawei noted that it is respectively supporting three of its strategic partners -- BAIC, Chang'an Auto, and GAC Motors -- to build their sub-brands. Cars adopting Huawei autonomous driving solutions can only use the HI logo, which means Huawei Inside, after they are authorized by Huawei.

According to Huawei, it is the electric drive and HiCar components provider of Seres SF5 models. Huawei is selling these car models in its flagship stores across China, providing certain benefits to support operations for these stores, the statement said.