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Geely Chairman Eyes Phone-Making by Acquiring a 79.09% Controlling Stake in Meizu

Yusuf Balogun
Yusuf Balogun
Yusuf is a law graduate and freelance journalist with a keen interest in tech reporting.

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In a bid to intensify its technology industry, the chairman of Geely’s Xingji Times has officially announced the acquisition of a 79.09% stake in Meizu. Hubei Xingji Times Technology and Zhuhai Meizu Technology held a strategic investment signing procession in Hangzhou, where the 79.09% acquisition was announced and obtained independent control of Meizu Technology, which will continue to operate as an independent brand.

According to Li Shufu, chairman of Xingji Times, a new round of technical and industrial upheaval has created a huge number of new formats and new models, and technological innovation and ecological integration of the consumer electronics and automobile industries are essential.

The path of the two industries of smart automobiles and smartphones will no longer be monotonous in the future, and the two will no longer go their separate ways, but rather an integrated relationship of multi-terminal, full-scene, and immersive experience for common users.

Super synergy can be achieved by the design of the mobile phone business, the deep integration of the consumer electronics and automobile industries, and the establishment of a cross-border user ecological chain.

“The ever-increasing integration of consumer electronics into our daily lives is driving demand for interoperability across multiple platforms,” Li said. “Future development will be driven by integrated relationships across multiple devices and platforms that deliver an immersive experience for end-users.”

On the other hand, Huang Zhang, Meizu Technology’s founder, stated that throughout the past two decades, Meizu Technology has always committed to the dedication and ultimate craftsmanship attitude, as well as the constant pursuit of products. Meizu Technology’s future is expected to improve as a result of the original purpose of pursuing love.

Accordingly, the two companies stated that they will collaborate to provide users with multi-terminal, full-scene, and immersive integrated experiences. Meizu Technology will also receive more assistance from the industry chain and environmental resources. Stay connected with TechGenyz for more tech news.news

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