Consumers check out Huawei smartphones at a store in Shanghai in June. (PHOTO PROVIDED TO CHINA DAILY)

SHENZHEN - Chinese tech giant Huawei announced on Friday that it signed a global patent cross-licensing agreement with domestic smartphone maker Oppo.

The agreement covers cellular standard essential patents, including 5G, according to Huawei.

In the past year, Huawei has signed patent licensing deals with nearly 20 manufacturers around the world, including Samsung, said Shen Hongfei, vice president of Huawei's legal department

In the past year, Huawei has signed patent licensing deals with nearly 20 manufacturers around the world, including Samsung, said Shen Hongfei, vice president of Huawei's legal department, adding that a total of 350 million 5G mobile phones and 15 million intelligent connected vehicles are expected to be granted patents by the company this year.

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"It clearly demonstrates that the two companies recognize and greatly respect the value of each other's intellectual property. It is a win-win deal for both sides," said Adler Feng, Oppo's chief intellectual property officer.