ZTE Preparing Electric Vehicle Product Line, Company Confirms

ZTE hasn’t disclosed yet if it will supply parts for partner companies or launch its own branded vehicles.

By Reuters | Updated: 4 March 2021 11:51 IST

ZTE Preparing Electric Vehicle Product Line, Company Confirms

The Shenzhen-based company did not say whether the product line will supply parts for partner companies

Highlights

Chinese tech firms have been stepping up their focus on electric vehicles
ZTE's rival Huawei is planning to make EVs under its own brand
Industry forecasts put China's NEV sales at 1.8 million units this year

Telecoms equipment maker ZTE is joining a number of Chinese technology companies entering the electric vehicle market as it looks to build a team for a new product line, a company spokeswoman told Reuters.

The Shenzhen-based 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.

Chinese technology firms have been stepping up their focus on electric vehicles (EVs) in the world's biggest car market, as Beijing promotes greener vehicles as a means of reducing air pollution.

Volvo to Go All Electric by 2030, Sell Exclusively Online

Earlier this month Reuters reported that ZTE's rival Huawei is planning to make EVs under its own brand and could launch some models this year.

A Huawei spokesman denied it had EV ambitions of its own, beyond supplying technology to partners.

Asian technology companies, including Baidu, have announced plans to make their own cars, while Shenzhen-based dronemaker DJI is building an engineering team to work on self-driving technologies.

Jaguar to Go All-Electric by 2039

Sales of new energy vehicles (NEVs), including pure battery electric vehicles as well as plug-in hybrid and hydrogen fuel cell vehicles, are expected to make up 20 percent of China's overall annual auto sales by 2025.

Industry forecasts put China's NEV sales at 1.8 million units this year, up from about 1.3 million in 2020.

Is Samsung Galaxy F62 the best phone under Rs. 25,000? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.