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14 Dec
11:08

Geely, Lifan to form NEV business JV

Geely Automobile plans to form a joint venture with Lifan Technology. The registered capital is expected to be $600 million with equal shares between the two parties. In addition, both agreed either of them can appoint another entity to fund. According to the announcement, the target company’s business scope covers the R&D, sales and operations of automobiles, including but not limited to the ones involving electric vehicles. “Geely Technology ha…
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