Is Zhuhai Zhongxing Smart Car Co., Ltd. a state-owned enterprise?

ZTE Smart Car is considered as a state-owned enterprise because the state-owned shares are in a controlling position. ZTE smart car is a public-private partnership economy, but the private party enjoys the control of the enterprise.

ZTE Smart Automobile Co., Ltd. was incorporated in Jinwan Branch of Zhuhai Administration for Industry and Commerce on July 28th, 20th/KLOC-0th/6th. The legal representative is Jiang. The business scope of the company includes projects that must be approved according to law, and business activities can only be carried out after being approved by relevant departments.