Russian company Yota Devices has decided to transfer its production to China, reports Vedomosti. The decision was taken due to problems with its Singapore-based producer Hi-P, CEO Vladislav Martynov said. According to Vedemosti's source, Yota Devices is negotiating a cooperation with ZTE, and a letter of intent is planned to be signed soon. The next smartphone from Yota Devices, expected to launch in Q1 2016, would be made at a plant owned by ZTE in China. The change will enable Yota Devices to cut production costs of the device by over 30 percent, the report said.
