Founder of Chinese car maker Geely launches smartphone venture

Founder of Chinese car maker Geely releases smartphone venture

A Chinese multinational automotive company, Geely disclose that its founder, Eric Li releases a new smartphone venture. information guide Nigeria

According to the report by reuters.com, Chinese automaker Zhejiang Geely Holding said on Tuesday its founder, Eric Li, has released a new company to make smartphones, entering the highly competitive handset sector as cars increasingly become connected devices.

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The report has it that the move is another foray beyond autos for the owner of Volvo and marks a reverse of a recent wave of consumer hardware firms venturing into the manufacturing of vehicles.

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Reuters.com brought to our notice that the new company, Hubei Xingji Shidai Technology Co Ltd, has signed an agreement to set up a headquarters in the central city of Wuhan, where it will develop smart devices including smartphones, according to Geely. jamb result

Public records show that Eric Li, also known as Li Shufu, owns 55% of the company.

The recent information by reuters.com has it that apart from the smartphone company, Li has made futuristic bets on ventures such as flying cars and helicopter taxis, a foray into phones puts Geely into a highly competitive sector that is no longer growing in China and is dominated by a handful of players including Apple, China’s Xiaomi Corp, and others.

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