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Geely plans new brand to take on Tesla

Geely plans new brand to take on Tesla
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Geely to Outlay Almost $5 Billion on New China EV Battery Plant

Geely to Outlay Almost $5 Billion on New China EV Battery Plant Bloomberg 3/15/2021 Bloomberg News © Bloomberg Geely Automobile Holdings Ltd. s Sustainable Experience Architecture (SEA) open-source electric vehicle platform is displayed during a launch event in Beijing, China, on Wednesday, Sept. 23, 2020. Zhejiang Geely Holding Group Co., the Chinese carmaker whose stable of brands includes Volvo and Lotus, said the underpinnings of a new electric model coming next year will be offered up to other manufacturers. (Bloomberg) Chinese carmaker Zhejiang Geely Holding Group Co. is doubling down on electric vehicles, outlaying almost $5 billion to build a new battery plant in the nation’s south.

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