China’s smartphone manufacturer Tecno Mobile broke ground on its domestic production facility last week in Istanbul. The company will invest over USD 25m with a goal to take 6-8% market share in 2021. Manufacturing is expected to begin by March. The company entered the market with three models in December 2020. It aims to become a domestic brand with a local partner. Its facility is in Pendik the neighborhood, and is envisioned to be a production hub for the European market.
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CHINA’S TECNO MOBILE BEGINS MANUFACTURING IN TURKEY
January 25, 2021February 9, 2021
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