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”.