[ad_1]
Chinese language automotive big Geely has bought a majority stake within the now-small smartphone maker Meizu. Bloomberg stories that Meizu will probably be run as an unbiased firm underneath Xingli Expertise, one other tech model underneath Geely’s umbrella. That mentioned, 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.
For those who’ve been studying Engadget for lengthy sufficient, you’ll have seemingly seen Meizu’s early rise on the daybreak of the smartphone growth. Sadly, it discovered its lunch being eaten by different Chinese language upstarts, together with Xiaomi, and wound up remaining a small participant. Again in 2015, Alibaba determined to take a stake within the firm simply because it discovered itself distracted by varied boondoggles, together with the baffling-in-retrospect choice to construct telephones with Ubuntu.
Geely, in the meantime, is maybe finest recognized within the West because the controlling proprietor of Volvo, Polestar and Lotus, all of which have been pushed in the direction of electrification. After all, with vehicles changing into extra like telephones (and telephones changing into such an important a part of most vehicles) the thought of automakers shopping for in to the cellphone area makes loads of sense. As Reuters stories, each the cell and automotive companies are slowing down, and so deeper integration could be one solution to nook the market.
All merchandise really helpful by Engadget are chosen by our editorial crew, unbiased of our father or mother firm. A few of our tales embrace affiliate hyperlinks. For those who purchase one thing by way of one among these hyperlinks, we could earn an affiliate fee.
[ad_2]
Source link
