China's ZTE plans to invest $560 million in wireless charging technology

Chinese smartphone maker ZTE Corp plans to invest 1.5 billion yuan (£157 million) in wireless charging technology for vehicles in 2015 and more than 2 billion yuan next year, a senior executive told Reuters on Thursday. ZTE's director of corporate strategy, George Sun, also said the company had signed agreements with more than 20 cities in China to provide wireless charging technology for public transportation, in a significant boost for the country's electric car industry. We solved