Dixon Technologies Gets Govt Approval for JV with Chinese Firm Longcheer
Dixon Technologies has obtained consent from the Indian government to establish a joint venture (JV) with the Chinese company Longcheer, according to reports. The joint venture will be established between Dixon and Longcheer's subsidiary located in Singapore. Dixon has obtained consent from MEITY to establish a potential joint venture (JV) in India with Longcheer, utilizing an optimal framework mutually decided upon by both parties, ensuring that 74 percent of the overall paid-up share capital of the joint venture company is owned by Dixon and 26 percent by Longcheer.
The joint venture will be named Dixtel Infocomm following the conclusion of formal agreements between the two firms.
Upon completion of the deal, Dixtel, the suggested joint venture entity, will engage in the production and distribution of smartphones/tablets, true wireless stereo devices, smartwatches, AI PCs, automotive electronics, healthcare devices, and more.
In addition to creating products for brands such as Vivo, Xiaomi, Oppo, and Samsung, Longcheer also engages in product design.
This partnership will bring several important improvements, especially in Original Design Manufacturer (ODM) skills and will enable the localization of non-semiconductor sub-component production in India.
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Dixon has been contacting various Chinese firms for collaborative ventures.
It has entered into distinct agreements with Chinese electronic component companies -- Chongqing Yuhai Precision Manufacturing Co Ltd and the Indian subsidiary of Kunshan Q Technology -- for the production and distribution of electronic components utilized in devices such as mobile phones and laptops, among others.
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Dixon Technologies is a premier electronics manufacturing giant, spearheading advancements in consumer electronics and telecommunications. Supported by 24 cutting-edge manufacturing plants, 6 specialized R&D centers, and a vibrant team of more than 35,000 workers, they form the foundation for both international and local brands. Their dedication to technological superiority, high-quality production, and eco-friendly methods establishes them as a reliable ally in driving the future of electronics.