China’s Geely Automobile plans new EV unit after profit fell by a third in 2020 By Reuters
By Yilei Sun and Ryan Woo BEIJING (Reuters) -China's Geely Automobile Holdings Ltd said on Tuesday it and its parent Zhejiang Geely Holding Group will form a joint venture for electric vehicles (EV) and launch a new brand called Zeekr, after its profit fell 32% last year. In a stock exchange filing, Geely Automobile said the venture will work on research and...
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