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Monday, 7 May 2012 - Lenovo to launch mobile devices facility in central China |
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See the best of Reuters photography.  See more | Photo caption  Life in France A look at the people and places that define France's unique culture.  Slideshow  Strange and unusual A recent sampling of strange and offbeat moments.  Slideshow  Lenovo to launch mobile devices facility in central China Tweet Share this Email Print Related News Samsung unwraps latest Galaxy rival to iPhone Thu, May 3 2012 Nokia defends strategy to exasperated investors Thu, May 3 2012 Everything Everywhere gets boost from smartphones Wed, May 2 2012 German court rules against Microsoft in Motorola patent fight Wed, May 2 2012 RIM offers BlackBerry 10 tools to lure developers Tue, May 1 2012 Analysis & Opinion ‘A Coke and a smile’ too little for emerging mkts Samsung moves on from Japan to nibble at Apple Related Topics Tech » Media » China » Liu Jun, Lenovo senior vice president and president of Mobile Internet and Digital Home, introduces the Lenovo K800 smart phone, based on Intel technology, during a keynote address by Paul Otellini, president and CEO of Intel Corporation, at the 2012 International Consumer Electronics Show (CES) in Las Vegas, Nevada, January 10, 2012. Credit: Reuters/Steve Marcus SHANGHAI | Sun May 6, 2012 11:43pm EDT SHANGHAI (Reuters) - Lenovo Group Ltd, the world's No.2 PC maker by sales, said on Monday that it will invest about 5 billion yuan ($793 million) over the next five years in an integrated mobile devices facility in China to meet rising global demand for smartphones and tablet computers. The Lenovo (Wuhan) Industrial Base, located in the city of Wuhan in central Hubei province, will carry out research and development, production and sales of mobile devices such as the company's LePhone smartphones and LePad tablet computers for China and global markets. The facility is scheduled to begin operations in October 2013, Lenovo said in an emailed statement. Lenovo, one of China's best-known consumer brands, has been attempting to make inroads into the booming mobile devices market, where it competes with Apple Inc, Huawei Technologies Co Ltd, Samsung Electronics Co Ltd and ZTE Corp. Lenovo said sales from the industrial base were projected to reach 10 billion yuan by 2014, and to rise to 50 billion yuan within the next five years. In the fiscal third quarter ended December, Lenovo shipped 400,000 tablets globally and 6.5 million handsets, including smartphones, executives said on March 3. Lenovo is the No.2 tablet brand in China behind Apple. Lenovo's sales of mobile internet and other digital consumer devices rose 159 percent year on year to $565 million in the quarter, largely from mobile handset sales in China. (Reporting by Melanie Lee; Editing by Chris Lewis) Tech Media China Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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    Other News on Monday, 7 May 2012
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    Chinese tropical city highlights national income disparity |
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    LG Electronics to launch Google TV in U.S. in late May: executive |
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    Analysis: Infosys woes prompt calls for change at top |
    Gree, DeNA shares dive on report of possible regulatory action |
    Lenovo to launch mobile devices facility in central China |
    George Lindsey, Goober in The Andy Griffith Show, dead at 83 |
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    Israel set for early vote as it ponders Iran challenge |
    Karzai says civilian deaths could hinder U.S. pact |
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