It is a telecommunication equipment company and it should focus on that.
Nope. It has long past being a telecommunication equipment company. It has already transitioned into a ICT company over the last decade. Its revenue mix reflects such. Plus it was a great strategy to branch out of the slow-growing telecom equipment business. Huawei has proved itself repeatedly to be quite nimble and capable to get into other industries, see its success in smartphone and other consumer gadgets, storage and other IT products, IC design. It also has a very strong software root. EV is more or less becoming an IT and tech industry. It's well suited for Huawei's DNA. In the last couple of years, we've witnessed how Huawei has transformed itself from largely a B2B company to a B2C company with strong consumer brand. It was quite impressive, to say the least.