Geely smartphone Archives - Gizmochina

Chinese carmaker Geely wins patent for two smartphone models

Sean — Thu, 28 Apr 2022 09:44:03 +0000

Last year, rumors had surfaced regarding Geely planning on launching a new brand that will focus on smartphones. However, this news was never confirmed by the company. But now, a new report has revealed that the company has achieved a patent for a smartphone.

According to a 163 report, the known Chinese carmaker is working on diversifying its operations outside of just automobiles. Apparently, one of these efforts would be focused towards smartphones. As per local media reports, the company had applied for two smartphone patents, which have now been granted. The patents in question highlights the main purpose of its design product.

Furthermore, the upcoming Geely smartphone features a punch hole selfie cut out on the display. On the other hand, the two patents feature a rear camera module that have different shapes and sizes. Although, both models feature a triple camera setup that is aligned in a triangular format. The first patented model has a large circular module on the rear, while the second model has a squarish module on the back panel. Interestingly, some netizens in China approved of this smartphone design.

As of right now, it is unknown if the company is actually working on such a product or is just simply covering all bases. However, based on our past reports, it is highly likely that Geely has smartphones planned to release in the future. Back in January 2022, we had even reported on the company possibly acquiring the Chinese smartphone brand Meizu. so it won’t be a surprise if the deal actually goes through.

Chinese carmaker Geely plans to acquire smartphone brand Meizu: Report

Sean — Fri, 21 Jan 2022 08:55:54 +0000

A new report has suggested that known Chinese automaker Geely is planning on acquiring a local smartphone brand. Sources close to the matter have revealed that the phonemaker in question is Meizu.

According to a 36kr report, multiple independent sources have suggested that the Geely group is currently in talks with Meizu over the possible acquisition. Apparently, “the transaction is still in progress.” In other words, finer details regarding this deal like the total price of the buyout is still unknown as of right now. Notably, this move is somewhat in line with our previous report. We had covered that the automobile manufacturer is planning on launching a smartphone brand.

This move is also completely the opposite of the current market trend, with smartphone brands like Xiaomi and Apple working on cars while the Geely is entering the handset market. As per our previous reports, the company’s chairman and founder had started this bold plan, which will have handsets launching in the year 2023. Furthermore, it was also revealed at the moment that the initial capital investment was around 10 billion Yuan (roughly 1.55 billion US dollars) for the project, with a targeted revenue of about 1.5 billion US dollars within the first year of operations.

With the first handsets launching within just a year, it makes sense that an acquisition of an existing brand will buy the company time over starting from scratch. Meizu already has a dedicated team for its smartphone operations as well. Although, Meizu has seen a decline in recent times, so the acquisition may also bring changes that revitalize its market share. Keep in mind that this is still an unconfirmed report, so take it with a pinch of salt and stay tuned for more updates.

Automaker Geely to launch a smartphone company, targets production of 3 million units

Jed John Ikoba — Wed, 29 Sep 2021 01:30:17 +0000

The chairman and founder of Chinese automaker Zhejiang Geely Holding, Eric Li has put in motion a bold plan to go into smartphone production with the first units coming out of the new company as early as 2023. Li is believed to hold a majority stake in the new smartphone company.

The move by the Chinese carmaker who also owns Volvo seems the first from an automaker. The common trend in the industry is smartphone companies delving into car manufacturing. Apple, Xiaomi, and Huawei are some of the smartphone manufacturers that are already making progress in the development of their own branded electric vehicles, albeit with some strong partnerships with established EV manufacturers

Li had made some really futuristic plans that are still hanging in the air, the move for the smartphone market seems to be solid and bold indeed. A foray into the smartphone market will throw Geely into intense competition for a market that is experiencing some levels of saturation. The big hitters in the Chinese smartphone market are Xiaomi and Apple on the high end, while several other brands compete for the huge mid-range and low-end segment.

According to Li, the major trend in the coming future is to create user ecosystems across borders to provide a more convenient, smarter, and connected multi-screen experience. The new company is named Hubei Xingji Shidai Technology Co Ltd, and it is making progress to establish its headquarters in Wuhan, China where it will develop smart devices, smartphones inclusive. There is an initial capital of up to $1.55 billion dollars for the project, with a targeted revenue of about $1.5 billion dollars within the first year of operations.

The company has set a very ambitious short-term and long-term target. However, time will tell whether it will become a success or not.

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