Chinese telecom equipment maker ZTE Corp will produce electric vehicles by the end of next year, with an annual output of 30,000 units.

The company recently acquired leading bus manufacturer and supplier Zhuhai Guangtong Automobile Co.

"ZTE has already mastered key technologies in wireless charging, connected cars and autonomous driving. We are now mainly manufacturing electric buses and planning to launch the R&D and apply for a license for passenger vehicles next year," said a brand manager at ZTE Smart Auto, a subsidiary of ZTE, who declined to give his name.