September 23, 2020

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    Geely automobile holding

    China’s Geely Holding will explore the possibility of deeper cooperation with German automaker Daimler AG, its Chairman Li Shufu stated on Friday.

    Geely built a 9.69% stake in Daimler in 2018. The two companies established a China-based venture for building electric Smart cars and a separate premium ride-hailing venture. They also invested in Volocopter, a flying taxi company.

    The Chinese automaker would also release several new products and services “to our markets around the world” this year, Li informed Reuters. Geely plans to present Lynk & Co cars in Europe this year.

    Li also said Chinese auto market is getting back to normal and global auto supply chain disruption is “temporary and manageable”.

    Daimler , Geely

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