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28/07/2021 17:34

Geely Auto (00175) to form joint venture

[ET Net News Agency, 28 July 2021] Geely Automobile Holdings Limited (00175) said Jirun
Automobile, an indirect 99% owned subsidiary of the company, has entered into the joint
venture agreement with Sunwoda and Geely Holding Automobile, pursuant to which the parties
agreed to form the joint venture to engage in the development, production and sales of
hybrid battery cells, battery modules and battery packs.
The registered capital will be RMB100 million and will be contributed as to 41.50%, 30%
and 28.50% by Jirun Automobile, Sunwoda and Geely Holding Automobile, respectively. (RC)

Remark: Real time quote last updated: 24/09/2021 17:59
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