Chinese automobile large Geely has bought a majority stake within the now-small smartphone maker Meizu. Bloomberg experiences that Meizu shall be run as an unbiased firm below Xingli Technology, one other tech model below Geely’s umbrella. That stated, the pair are anticipated to work collectively on new merchandise, and Xingli has already expressed plans to make a giant splash within the AR/VR area.
If you’ve been studying Engadget for lengthy sufficient, you’ll have possible seen Meizu’s early rise on the daybreak of the smartphone growth. Unfortunately, it discovered its lunch being eaten by different Chinese upstarts, together with Xiaomi, and wound up remaining a small participant. Back in 2015, Alibaba determined to take a stake within the firm simply because it discovered itself distracted by numerous boondoggles, together with the baffling-in-retrospect resolution to construct telephones with Ubuntu.
Geely, in the meantime, is probably finest identified within the West because the controlling proprietor of Volvo, Polestar and Lotus, all of which have been pushed in the direction of electrification. Of course, with vehicles changing into extra like telephones (and telephones changing into such an important a part of most vehicles) the concept of automakers shopping for in to the telephone area makes loads of sense. As Reuters experiences, each the cellular and automobile companies are slowing down, and so deeper integration may be one technique to nook the market.
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