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ZTE to make new investment in Changsha

By Zhang Junmian
​China.org.cn, 11 29, 2017
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ZTE Corporation, a global leader in telecommunications and information technology, will invest 1 billion yuan to build its global terminal intelligent manufacturing headquarters in Changsha Hi-Tech Industrial Development Zone, according to a cooperation framework agreement the company signed with Changsha Municipal People's Government on November 25.

 

The investment is an expansion of ZTE's former R&D and production base in Changsha.

 

Under the agreement, ZTE will develop and produce storage products and software for wireline communications, cloud terminals and related business.

 

The project is expected to generate an annual output value of 6 billion yuan by 2020 and a total annual output of 10 billion yuan together with the company's former facility. 


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