Huawei Technologies Co Ltd, China's largest telecoms equipment maker, plans to unveil its first batch of 5G-ready products next year, as it strives to gain an edge in the race toward the next-generation mobile communication technology, local media reported.

The Shenzhen-based company said that as the world moves closer to a consensus on 5G standards, it will start shipping 5G products in 2019, according to a report on qq.com, a news portal owned by Tencent Holdings Ltd.

Xu Wenwei, strategic marketing president at Huawei, was quoted as saying that the company "will work with telecoms carriers to create new business models in the 5G era where all things can be connected to the internet".