Telecoms equipment maker ZTE is joining a number of Chinese technology companies entering the electric vehicle market as it looks to build a team for a new product line, a company spokeswoman told Reuters.
The Shenzhen-based company did not say
whether the product line will supply parts for partner companies, or whether
the company would be producing its own branded vehicles.
Chinese technology firms have been stepping
up their focus on electric vehicles (EVs) in the world's biggest car market, as
Beijing promotes greener vehicles as a means of reducing air pollution.
Earlier this month Reuters reported that
ZTE's rival Huawei is planning to make EVs under its own brand and could launch
some models this year.
A Huawei spokesman denied it had EV
ambitions of its own, beyond supplying technology to partners.
Asian technology companies, including
Baidu, have announced plans to make their own cars, while Shenzhen-based
dronemaker DJI is building an engineering team to work on self-driving
technologies.
Sales of new energy vehicles (NEVs),
including pure battery electric vehicles as well as plug-in hybrid and hydrogen
fuel cell vehicles, are expected to make up 20 percent of China's overall
annual auto sales by 2025.
Industry forecasts put China's NEV sales at
1.8 million units this year, up from about 1.3 million in 2020.
-Reuters
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