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Huawei Says Chery's Luxeed S7 Delays Will be Resolved in April

FILE PHOTO: People visit the Huawei stand at the 2024 Mobile World Congress (MWC) in Barcelona, Spain February 27, 2024. REUTERS/Albert Gea/File Photo
FILE PHOTO: People visit the Huawei stand at the 2024 Mobile World Congress (MWC) in Barcelona, Spain February 27, 2024. REUTERS/Albert Gea/File Photo
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Huawei Says Chery's Luxeed S7 Delays Will be Resolved in April

FILE PHOTO: People visit the Huawei stand at the 2024 Mobile World Congress (MWC) in Barcelona, Spain February 27, 2024. REUTERS/Albert Gea/File Photo
FILE PHOTO: People visit the Huawei stand at the 2024 Mobile World Congress (MWC) in Barcelona, Spain February 27, 2024. REUTERS/Albert Gea/File Photo

Huawei said that a shortage of semiconductors and factory relocation issues that had delayed production and deliveries of its Luxeed S7 sedan should be resolved from next month, local media outlet Cailianshe reported on Saturday.
It quoted Huawei managing director and chairman of its smart car solutions, Richard Yu, who was speaking about the issues surrounding Chery's Luxeed S7 sedan at an annual forum organized by the EV100 think tank.
Reuters reported in January that Chinese automaker Chery and another Huawei partner, Changan Auto, had lodged complaints with Huawei over how production issues with a computing unit the tech giant manufactured had caused delays to deliveries of their flagship model.
The Luxeed S7 sedan - the first model for Chery's Luxeed EV brand - had orders of about 20,000 as of Nov. 28. Luxeed said in January that buyers could be reimbursed by up to 10,000 yuan if they were unable to pick up the car as promised. The S7 is priced from 249,800 yuan ($34,716.62).
The brand was only launched in November and had been much hyped by Huawei with Yu previously claiming the S7 would beat Tesla's luxury Model S in performance and at a price lower than the Model 3.
Yu also told the EV100 forum that its autos business unit would likely turn a profit from April after losing billions of yuan in the past year, due to strong sales of mid to high-end models built by its partners.
Huawei launched its smart car unit in 2019 with the aim that it could become the equivalent of German automotive supplier Bosch of the intelligent electric vehicle (EV) era and supply software and components to partners.
But it is the only money-losing unit among Huawei's main six and brought in only one billion yuan revenue in the first half of 2023, a fraction of the company's 310.9 billion yuan total.
Last year, Huawei announced that it would spin the unit off into a new company which will receive the unit's core technologies and resources and take investment from partners such as automaker Changan.

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NextEra Expands Google Cloud Partnership, Secures Clean Energy Contracts with Meta

Electric power transmission pylon miniatures and Nextera Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration
Electric power transmission pylon miniatures and Nextera Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration
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NextEra Expands Google Cloud Partnership, Secures Clean Energy Contracts with Meta

Electric power transmission pylon miniatures and Nextera Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration
Electric power transmission pylon miniatures and Nextera Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration

NextEra Energy expanded its partnership with Alphabet's Google Cloud to scale up data center capacity, while securing over 2.5 gigawatts of clean energy contracts from Meta across the US, the company said on Monday.

Shares of NextEra were up 2.7% in premarket trading.

Under the expanded deal with Google Cloud, the companies will develop multiple new gigawatt-scale (GW) data centre campuses, each with accompanying generation and capacity, Reuters reported.

NextEra and Google Cloud plan to launch an AI-powered product by mid-2026 to predict equipment issues, optimize crew scheduling and boost grid reliability amid storms, aging assets, and rising demand.

The deal comes as US electricity demand grows due to rapid AI adoption, prompting cloud companies and utilities to secure land, grid connections and new generation to support large data center loads.

In October, the company had partnered with Google to restart an Iowa nuclear power plant shut down five years ago.

The technology industry's quest for massive amounts of electricity for AI processing has renewed interest in the country's nuclear reactors.

NextEra said it had signed 11 power purchase agreements and two energy storage agreements with Meta, totaling over 2.5 GW of clean energy contracts. The projects are scheduled to come online between 2026 and 2028.

The utility also reached an agreement with WPPI Energy to continue supplying 168 megawatts of the output from the Point Beach Nuclear Plant in Two Rivers into the 2050s.

Separately, NextEra forecast higher adjusted profit in 2026 as well as the current-year as it continues to benefit from the surge in power demand.

NextEra now expects adjusted earnings for 2025 of between $3.62 and $3.70 per share, compared with its prior view of between $3.45 and $3.70 per share.

For 2026, it expects adjusted profit between $3.92 and $4.02 per share, compared with its prior view of between $3.63 and $4.00 per share.

Technology

Albudaiwi: GCC States Pledge Active Role in Global Digital Security, Stability 

Secretary-General of the GCC Jasem Albudaiwi speaks at the Doha Forum on Sunday. (GCC)
Secretary-General of the GCC Jasem Albudaiwi speaks at the Doha Forum on Sunday. (GCC)
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Albudaiwi: GCC States Pledge Active Role in Global Digital Security, Stability 

Secretary-General of the GCC Jasem Albudaiwi speaks at the Doha Forum on Sunday. (GCC)
Secretary-General of the GCC Jasem Albudaiwi speaks at the Doha Forum on Sunday. (GCC)

The Gulf Cooperation Council (GCC) will remain a proactive and effective partner in supporting international efforts to achieve global and comprehensive digital security, contributing to the enhancement of security and stability in cyberspace, according to Secretary-General of the GCC Jasem Albudaiwi.

He made these remarks during his participation in the roundtable event organized by the Digital Cooperation Organization (DCO) at the 23rd Doha Forum on Sunday.

He highlighted the world's increasing reliance on digital infrastructures that underpin modern economies, essential services, and communications.

He cautioned that any disruption to these systems could lead to instability and the disruption of vital services. This reality mandates that the international community strengthen solidarity and build common frameworks to maintain international digital legitimacy during cyber crises.

He reaffirmed the GCC's commitment, noting that the member states have taken significant strides through the Unified Gulf Strategy for Cybersecurity. This includes massive investments in cloud infrastructure, the development of human capital, the organization of joint cyber exercises that simulate real-world risks, and the development of digital platforms for early warning and coordination during cyber incidents.

He underlined the importance of mutual support between nations when essential digital systems collapse, achieved through technical and operational cooperation frameworks, joint incident response mechanisms, and the temporary utilization of digital infrastructure from neighboring countries when necessary, while strictly respecting national sovereignty and systemic privacy.

Albudaiwi emphasized that several digital sectors must receive stringent international protection to prevent escalation and protect civilian lives, specifically mentioning energy and fuel control systems, telecommunications networks, submarine cables, healthcare and emergency systems, financial networks and digital payment systems, government services, and logistics and transportation networks.

Technology

Meta Reportedly Delays Release of Phoenix Mixed-reality Glasses to 2027

FILE PHOTO: The logo of Meta is seen at Porte de Versailles exhibition center in Paris, France, June 11, 2025. REUTERS/Gonzalo Fuentes/File Photo
FILE PHOTO: The logo of Meta is seen at Porte de Versailles exhibition center in Paris, France, June 11, 2025. REUTERS/Gonzalo Fuentes/File Photo
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Meta Reportedly Delays Release of Phoenix Mixed-reality Glasses to 2027

FILE PHOTO: The logo of Meta is seen at Porte de Versailles exhibition center in Paris, France, June 11, 2025. REUTERS/Gonzalo Fuentes/File Photo
FILE PHOTO: The logo of Meta is seen at Porte de Versailles exhibition center in Paris, France, June 11, 2025. REUTERS/Gonzalo Fuentes/File Photo

Meta is delaying the release of its Phoenix mixed-reality glasses until 2027, aiming to get the details right, Business Insider reported on Friday, citing an internal memo.

The delay from an initially planned release in the second half of 2026 is because the company wants a fully polished device, the report said.

Meta did not immediately respond to a Reuters request for comment on the report.

Meta executives Gabriel Aul and Ryan Cairns said moving the release date back is "going to give us a lot more breathing room to get the details right," the report added.

The goggles, previously code-named Puffin, weigh around 100 grams (3.5 ounces) and have lower-resolution displays and weaker computing performance than high-end headsets like Apple’s Vision Pro, the Information reported in July.

Mixed reality merges augmented and virtual reality and allows real-world and digital objects to interact.

Meta is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported on Thursday.

The metaverse group sits within Reality Labs, which produces the company's Quest mixed-reality headsets, smart glasses made with EssilorLuxottica's Ray-Ban and upcoming augmented-reality glasses.