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ZTE Automobile develops new energy field

Publish Date: 2022.04.02

  In China, there is such a special automobile company, it is the same age as New China, both born in the great 1949, its name is Zhongxing Automobile.


  However, the development history of ZTE is not as magnificent as that of New China, which has attracted the attention of the world. Although there have been highlights, ZTE has experienced more ups and downs, and almost withdrawn from the stage of history. After going through the nirvana rebirth of bankruptcy and reorganization in 2008, ZTE Motors has gradually been on the right track in recent years, and finally has the energy to plan for a longer-term future.


  On March 31, ZTE Automobile held an online media communication meeting to communicate with the media around the future layout.


  According to Xiao Wei, general manager of ZTE Automobile, there are not many companies more qualified than ZTE Automobile: ZTE, founded in 1949 and the same age as the Republic, was formerly known as the Jizhong Automobile Repair Brigade. It has been injected with military quality and red color since its establishment. Gene.


  In its 73-year development history, it has set a number of firsts in China's automotive field, and has started its own history of car manufacturing since 1958. In 1986, China's first pickup truck with independent intellectual property rights was born here.


  So far, ZTE pickups have formed a "Liger series" product matrix consisting of 2022 Little Tiger, 2022 Weihu, 1986 Westlake and 1949 Westlake. Especially after the launch of Westlake 1949, ZTE has become the first domestic vehicle. An enterprise that has achieved full coverage from full-size, to mid-to-high-end commercial and passenger use, mid-to-low-end tool vehicles, to entry-level economical pickups, and can meet the needs of different user scenarios such as commercial, household, and off-road.


  At the end of 2019, the "1, 5, 6, and 7" production qualifications of ZTE Automobile Rizhao Plant were approved, and the whole vehicle was put into production.


  At present, ZTE Motors has entered a gradually improving development track. Xiao Wei said that in recent years, ZTE Automobile has invested 2.25 billion yuan of its own funds in the research and development of product systems without relying on bank loans, excluding factory and land costs.


  He also said that since the launch of Westlake 1949, the attention has been high. Currently, the trains start in an orderly manner all over the country, and overseas exports are very good. This also confirms from the side that the current situation of ZTE is very good.


  Like many state-owned enterprises, ZTE is currently undergoing mixed-ownership reform. Zhengdao Group recently announced that the company has entered into a memorandum of understanding with Zhongxing Automobile and plans to acquire no less than 51% of the equity interests of Zhongxing Automobile.


  In this regard, Xiao Wei responded to the matter by saying that he had "real contact" with Zhengdao Group, but only in the initial contact stage. He also said that in order to make the product well, ZTE Auto has not interrupted its efforts to negotiate with the capital market. Whether the intention between ZTE and Zhengdao can finally be transformed into actual cooperation requires further negotiation, but no matter how the acquisition situation develops, ZTE Motors abides by its commitment to quality, its original aspiration to be a century-old enterprise and to be the best enterprise for users will never change.


  It is reported that in the next step, ZTE will focus on the new energy field and increase its investment in this field. According to Xiao Wei, ZTE is cooperating with the best domestic new energy brands to develop a range-extended hybrid pickup model. The preparatory work for the relevant hardware facilities has been completed, and the product has entered the trial production stage and is scheduled to be launched on the market in the first half of next year. In addition, 5 models of the passenger car platform including new energy products have also been registered in the announcement of the Ministry of Industry and Information Technology and will be listed in succession.

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