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ZTE Preparing Electric Vehicle Product Line: Report

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  • The company did not say whether the product line will supply parts for partner companies, or whether the company would be producing its own branded vehicles
  • Earlier this month Reuters reported that Huawei Technologies Co Ltd is planning to make EVs under its own brand and could launch some models this year

As per a report by Reuters, ZTE Corp is joining a number of Chinese technology companies entering the electric vehicle market as it is looking to build a team for a new product line, a company spokeswoman told Reuters. The report added that the company did not say whether the product line will supply parts for partner companies, or whether the company would be producing its own branded vehicles.

Earlier this month Reuters reported that Huawei Technologies Co Ltd is planning to make EVs under its own brand and could launch some models this year. It added that a Huawei spokesman denied it had EV ambitions of its own, beyond supplying technology to partners.

DJI is building an engineering team to work on self-driving technologies

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The report added that Asian technology companies, including Baidu, have announced plans to make their own cars. DJI is building an engineering team to work on self-driving technologies.

The report said that sales of new energy vehicles (NEVs), including pure battery electric vehicles and plug-in hybrid and hydrogen fuel cell vehicles, are expected to make up 20 per cent of China’s overall annual auto sales by 2025.

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