ZTE, China's largest publicly listed telecommunications equipment company, is making moves to step into auto1 manufacturing.
After more than a year of negotiations2, the telecom giant has acquired a controlling stake in bus manufacturer Zhuhai Guangtong Bus, marking its entrance into the field of new energy vehicles.
Under the agreement, ZTE plans to launch new industry pillars to facilitate the research, development, design and manufacture of new energy cars, along with supporting the operations of vehicular networking applications, big data, auto-pilot technologies and cloud computing3 centers.
According to an official announcement, ZTE has secured an order of 204 eight-meter electric buses from Shenzhen Western Bus.
The company is expected to enhance customer experience by integrating internet and artificial intelligence into its vehicles, said Tian Feng, Deputy General Manager of ZTE's new energy automobile4 division.
So far, the company has already developed several types of vehicle models, including luxury coaches, double-decker buses, 12-meter tourist buses, and city express buses.
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