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Geely chairman eyes phone-making by acquiring Meizu Tech

Li Shufu, founder and chairman of carmaker Zhejiang Geely Holding Group Co, is expanding his manufacturing empire to include smartphones and consumer electronics by acquiring a majority of shares in Android device maker Meizu Technology Co.

Li shufuXingji technologyMeizu technology coXiaomi corpZhejiang geely holding group coBloomberg televisionHubei xingji shidai technology coGeely automobileApple incMeizu technology

Geely to join smartphone business with Meizu acquisition

Due diligence is already underway, first phones are expected in 2023.

Li shufuGeely holding groupXingji times

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