Geely to invest USD5-bil. in setting up NEV production base in China

Geely Holding Group has signed an agreement with the government of Changxing County to set up a complex for new energy vehicles (NEV) in East China’s Zhejiang province, reports Yicai Global. The carmaker plans to invest over CNY33 billion (USD5.2 billion) in the project, which includes a CNY22...

Source: IHS Markit Blog →
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