As stated in the patent documents that Pepelac.News sorted out, the new name can be used for a wide range of goods, including cars. It is possible that the company will be headed by the CEO of Oppo Tony Chen. According to rumors, the company is already recruiting specialists from the automotive segment, as well as calculating the estimated income and losses from this project.
It is possible that the company will never start producing cars, and all this is just speculation of the local media. However, for most IT companies, especially Chinese ones, it is not difficult to restructure their business to produce electric vehicles, which often use a large amount of electronics.
Let us remind you that Apple may become one of such companies. Development of an electric car from scratch is a very complex and expensive process, for the optimization of which, large manufacturers delegate responsibilities for the creation and assembly of cars among partners and suppliers. Therefore, experts are confident that Apple should not be engaged in the production of a car alone, working in cooperation with more experienced companies. This will allow the organization to gain a foothold in the market.