Transsion Group faces market competition pressure

As other Chinese mobile phone manufacturers such as Huawei, Xiaomi, and VIVO have entered the African market, Transsion Group is facing increasing competitive pressure. In particular, Xiaomi mobile phones, which are also high-quality and cost-effective like Transsion mobile phones, have brought considerable challenges to Transsion. In order to cope with this competitive pressure, Transsion Group began to seek new business areas, such as the new energy vehicle market.