Geely Automobile Company wants to enter the mobile market by acquiring Meizu
Apparently, the famous Chinese car manufacturer Geely is planning to buy a The brand is a smartphone manufacturer. Sources close to this matter have announced that the phone maker in question by Geely is the Meizu brand.
According to Gizmochina According to the 36kr report, several independent sources have confirmed that Geely Group is in talks with the company to buy Meizu. Apparently, this deal is still in progress, and more precise details about it, such as the total purchase price, are not yet known. It is worth noting that this action is somewhat consistent with previous reports published in this field. It was previously announced that Geely is planning to buy one of the smartphone manufacturing brands.
The purchase of a smartphone manufacturing company by an automobile company is an action that is considered against the current market trend. Because recently, smartphone manufacturers such as Xiaomi and Apple are preparing to enter the car market, while Geely will enter the smartphone industry from the car industry. According to previous reports, the chairman and founder of Geely has already started his bold plan and it was decided that the first smartphone of this company will be launched in 2023. In addition, it is now known that the initial capital of Geely to start the project in the smartphone market was about 10 billion yuan (approximately 1.55 billion dollars).
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Meizu currently has a dedicated team for operations related to its smartphones. Although the activity of this Chinese brand has decreased a bit in recent times, with the acquisition by Geely, changes will probably be applied to Meizu, which can help revive the company’s share in the smartphone market.
Of course, it should It should be noted that this report has not yet been officially confirmed, and therefore we have to wait a little longer until the publication of authentic and official reports.