Huawei's 2024 Report Card: 100% Domestic Production for Mate Series, Foldable Phones as Biggest Profit Driver, Open Collaboration as the Future

Huawei's 2024 Report Card: 100% Domestic Production for Mate Series, Foldable Phones as Biggest Profit Driver, Open Collaboration as the FutureAs 2024 draws to a close, Huawei has delivered a remarkable report card. The launch of the Mate70 series marks a significant step forward in Huawei's journey towards domestic production

Huawei's 2024 Report Card: 100% Domestic Production for Mate Series, Foldable Phones as Biggest Profit Driver, Open Collaboration as the Future

As 2024 draws to a close, Huawei has delivered a remarkable report card. The launch of the Mate70 series marks a significant step forward in Huawei's journey towards domestic production. Peng Bo, Huawei's director and president of Global Procurement Certification Management, revealed in an interview that the Mate70 series achieved 100% domestic production, a feat representing five years of dedication and hard work from the R&D and supply chain teams. "I wouldn't say there's nothing like it to come, but it's definitely unprecedented," Peng Bo confidently stated. "We have every reason and confidence to give ourselves a pat on the back."

However, this achievement is not just about the joy of independent innovation; it also reflects Huawei's clear understanding of its future development direction.

Peng Bo emphasized the importance of maintaining open collaboration. "If Huawei becomes a company primarily reliant on the Chinese domestic supply chain, it will become closed, and absolute closure is death," he frankly admitted. "Therefore, we still hope to cooperate with world-class suppliers. Mr. Ren's requirement for me is 'buy everything we can', as long as cooperation is possible, we will continue to cooperate." This statement clearly demonstrates Huawei's strategic layout: it's not simply pursuing a closed-loop ecosystem but views open collaboration as crucial for sustained development. This aligns with Huawei's consistent globalization strategy, leveraging its technological advantages while actively seeking partnerships with top global suppliers to drive industry progress.

Discussing the market performance of Huawei's flagship phones after its "return," Peng Bo shared a surprising statistic: the most profitable phones weren't the highly anticipated Mate60 series, but the MateX5 and MateX3 foldable phones. "The launch of the triple-folding phone proves Huawei's leadership in the foldable phone market, because the yield rate for triple-folding is incredibly difficult to achieve," Peng Bo explained. "When unfolded, the triple-fold phone is slightly thicker than a dual-fold, becoming a 10.2-inch screen. I think it will definitely be a blockbuster, but a blockbuster doesn't necessarily mean it will sell 10 million units, as market demand is limited."

The Mate70 series' 100% domestic production rate showcases Huawei's technological strength and independent innovation capabilities. After five years of hard work, Huawei overcame numerous challenges and achieved independent control over key components. This is a significant affirmation of the Huawei R&D and supply chain teams and sets an example for China's technology industry. This is not just a technological breakthrough, but a landmark milestone, symbolizing the continuously improving independent innovation capabilities of Chinese tech companies in high-end fields, reducing reliance on external supply chains, and enhancing resilience to risk.

However, Peng Bo's statement also shows that Huawei is not complacent. In a globalized context, Huawei understands that closed-door development is not a sustainable strategy. Maintaining openness and collaborating with world-class suppliers are crucial for maintaining a competitive edge. The "buy everything we can" strategic decision reflects Huawei's pragmatic approach and global visionnot blindly pursuing self-sufficiency, but focusing on its strengths while seeking optimal collaborations in other areas to optimize resource allocation and improve overall competitiveness.

The MateX5 and MateX3 becoming Huawei's most profitable phone series after its "return" confirms Huawei's leading position in the high-end foldable phone market. The complexity of triple-folding technology makes yield rate a major challenge. Huawei's ability to overcome technical difficulties, successfully launch the product, and gain consumer recognition demonstrates its strength in technological innovation and product development. While Peng Bo didn't disclose specific sales figures, his expectation of the MateX series being a "blockbuster" reflects the huge market demand for high-end foldable phones and Huawei's market potential in this area. This market performance provides Huawei with more confidence in expanding its high-end smartphone market.

It's noteworthy that Peng Bo's definition of a "blockbuster" isn't simply about sales figures but focuses on market demand and product positioning. This reflects Huawei's accurate grasp of market demand and rational product planning. Huawei doesn't pursue simple sales growth but emphasizes product quality, technological innovation, and user experience to create high-end products that meet market needs.

In conclusion, Huawei's 2024 report card is more than just a simple summation of numbers; it's a comprehensive reflection of its independent innovation capabilities, open collaboration strategy, and market insight. Driven by 100% domestic production and continuous open collaboration, Huawei will continue to maintain its leading position in the global technology field and contribute to the rise of China's technology industry. This is not only Huawei's own success but also a significant milestone on China's path to technological independence. The success of its foldable phones showcases Huawei's competitiveness in the high-end market and its continuous exploration in technological innovation. Huawei's future is promising.