The Hubei Xingji Shidai Technology Co Ltd operation, which was launched by Geely chairman Eric Li last year as part of the automaker’s push into high-end smartphones, has been revealed to the public for the first time in June by a statement from the Chinese market regulator. She did not provide financial details of the transaction.
Meizu will continue to operate as an independent brand, under Xingji Technology, and they will seek close collaboration in areas such as software development, the companies said in a joint statement.
Xingji Technology is developing a portfolio of next-generation smartphones, mobile devices and wearable smart devices that will use “extended reality” technologies, she added.