ZTE Plans to Invest $560 Million in Wireless Charging Technology

Advertisement
By Reuters | Updated: 12 February 2015 13:17 IST
Chinese smartphone maker ZTE Corp plans to invest 1.5 billion CNY ($240 million, roughly Rs. 1498 crores) in wireless charging technology for vehicles in 2015 and more than 2 billion CNY next year, a senior executive told Reuters on Thursday.

ZTE's director of corporate strategy, George Sun, also said the company had signed agreements with more than 20 cities in China to provide wireless charging technology for public transportation, in a significant boost for the country's electric car industry.

"So far the feedback (from local governments) is very, very positive. We solved the biggest headache of electric car charging for local government," Sun said.

Chinese drivers have yet to widely adopt the use of electric vehicles despite years of government programmes to support their development, although public transportation fleets are a notable exception.

Advertisement

Shenzhen-based ZTE plans to conduct pre-commercial trials of wireless charging for public transportation in 50 to 100 Chinese cities in 2015, Sun said.

Advertisement

ZTE was in talks with several Chinese and foreign carmakers over possible collaboration on wireless charging technology for vehicles, he added, declining to elaborate.

Wireless charging technology saves space, allowing governments to install it in bus terminals or car parks, although the costs for wireless equipment are higher than traditional charging facilities.

Advertisement

In a renewed effort aimed at cutting heavy pollution, China has rolled out aggressive targets for vehicle fuel efficiency that will grow increasingly strict until 2020, at which time its standards will have surpassed the United States and be on roughly equal footing with Japan.

The government has offered tax cuts for green vehicles and proposed extending subsidies, mostly for domestic producers, to aid automakers in meeting these targets.

Advertisement

ZTE said last month its 2014 profit was likely to rise 94 percent thanks to its high-speed 4G network division and smartphone business.

© Thomson Reuters 2015

 

For details of the latest launches and news from Samsung, Xiaomi, Realme, OnePlus, Oppo and other companies at the Mobile World Congress in Barcelona, visit our MWC 2025 hub.

Further reading: Mobiles, Smartphones, ZTE
Advertisement

Related Stories

Popular Mobile Brands
  1. Apple Introduces M5 Pro, M5 Max Chips With Fusion Architecture, Super Cores
  2. Apple MacBook 'Neo' Listed on Regulatory Website Before Imminent Launch
  3. Tecno Pop X Launched in India With 5,000mAh Battery, IP64 Rating: See Price
  4. Epson EpiqVision Mini EF-22N Review: A Premium Portable Laser Projector
  5. Tecno Megapad 2, Tecno Watch GT 1S and Tecno FreeHear 2 Debut at MWC 2026
  1. Apple MacBook Neo Reportedly Listed on Regulatory Site Hours Before Anticipated Launch
  2. Tecno Pop X Launched in India With 5,000mAh Battery, IP64 Rating: Price, Specifications
  3. Tecno Megapad 2, Tecno Watch GT 1S and Tecno FreeHear 2 Unveiled at MWC 2026: Availability, Features
  4. Mike & Nick & Nick & Alice OTT Release Date: Know When and Where to Watch it Online
  5. MediaTek Showcases AI Glasses at MWC 2026; Demonstrates Emergency Satellite Alerts With Starlink
  6. Devagudi Now Streaming Online: Where to Watch Intense Drama Online?
  7. Jab Khuli Kitaab OTT Release Date: When and Where to Watch Pankaj Kapur and Dimple Kapadia Starrer Romantic Drama Online?
  8. Apple Introduces M5 Pro, M5 Max Chips With New Fusion Architecture on 2026 MacBook Pro Models
  9. Apple Studio Display, Studio Display XDR With 27-Inch 5K Displays Launched in India: Price, Features
  10. Jockey Now Available for Streaming Online: Where to Watch This Tamil Action Movie Online?
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.