Core Viewpoint - Huawei has formed a strategic partnership with Nanning Watch Factory to produce smartwatches that combine traditional watchmaking techniques with modern technology, featuring the HarmonyOS [1][5]. Group 1: Partnership Details - The collaboration will result in the launch of smartwatches that integrate traditional craftsmanship with smart features such as health monitoring, fitness tracking, and mobile payment [5]. - Nanning Watch Factory, established in 1970, is the only professional watch manufacturer in China's ethnic minority regions and has a rich history in watchmaking [4][5]. - The partnership aims to revitalize the Nanning Watch Factory by leveraging Huawei's technological capabilities, promoting innovation in the watchmaking industry [5]. Group 2: Market Performance - Huawei's smartwatch market share has been increasing, surpassing Apple in online sales in China last year [2][6]. - In 2024, Huawei's online smartwatch sales in China grew by 24.3%, capturing a market share of 31.9%, while Apple's sales declined by 24.6% [7]. - Globally, Huawei's wearable device sales reached 26.5 million units in 2024, marking a 54.2% year-on-year growth and securing a 13.7% market share, ranking third worldwide [7]. Group 3: Product Features and Market Trends - The upcoming smartwatches will feature a blend of mechanical aesthetics and smart functionalities, catering to consumer preferences for both traditional craftsmanship and modern technology [5]. - The HarmonyOS ecosystem has surpassed 1 billion devices, indicating a strong growth trajectory and a goal to enhance the ecosystem with 100,000 applications by 2025 [8]. - The Chinese smartwatch market is expected to rebound in 2024, with the integration of generative AI and hardware opening new growth avenues [9].
华为牵手南宁产投!“广西老表”插上“智造”双翼
证券时报·2025-05-13 11:31