Smartphone maker Meizu enters under the umbrella of Chinese Geely

Smartphone maker Meizu enters under the umbrella of Chinese Geely


Based in China, owner of giant car company Volvo geelywants to enter the smartphone market and for this Meizu being taken.

Based in China, a truly incredible giant in the automobile field geely, First of all, as we learned last year, it also wants to have a share in the phone market. At that time, in the statement made on the subject, it was informed that a new company would be established for the process and the first phones of this company would be presented to the market in 2023. The company, which does not have difficulties in offering its first phone to the market with its great financial power, took a step against it, which was rumored later, and Meizu acquired the company over the majority of the shares. It is reported that the manufacturer, which can no longer stand out, bought 79 percent of its shares through the venture called Xingji Shidai, which is taking a very logical step for itself in this regard. Because Meizu has a great experience and production power in the field. geely There is no point in starting the process from scratch in 2022.

As far as we know, there is a large investment of 1.6 billion dollars in the phone market in general. geely, will most likely not launch their first phones to global markets. In this context, the company is expected to play the Chinese market first and produce about 3 million phones in the first year.

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With the power it receives from Geely, Meizu’s power in the market may increase. Some phones of the Meizu company were also sold in Turkey, but we do not see the current models much. It is not yet clear whether the phones in the new era will come to Turkey. Also yet Meizu It is not clear whether the brand will be protected.

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