Torbjorn Nilsson, senior vice president marketing and strategic business development for Ericsson, said his company is committed to fully supporting and cooperating with local Chinese vendors to accelerate the development of third-generation (3G) products and facilitate market growth in China. In separate news, Ericsson finalized the transfer of its majority stake in Ericsson Panda Mobile Terminals, a joint venture based in Nanjing, to Microcell. Ericsson wants to streamline its production facilities in China and achieve a more efficient use of resources. Because Ericsson is no longer a stakeholder, the Nanjing-based joint venture will be renamed.