Geely, China's highest profile car maker with investments in Volvo and Daim...
SHANGHAI - Geely, China’s highest profile car maker with investments in Volvo and Daimler, launched a premium all-electric car brand “Geometry” on Thursday as it pushes ahead with its plans to boost production of new energy vehicles.
Geometry will take overseas orders but will mainly focus on the Chinese market and will launch more than 10 pure electric models in multiple segments by 2025, Geely said in a statement on Thursday. “The launch of Geometry and its first product advances Geely’s strategic goal of becoming one of world top 10 automotive groups,” An Conghui, president of Zhejiang Geely Holding Group, said in the statement.
China has been a keen supporter of new energy vehicles including pure battery electric, hybrid, and plug-in hybrid technologies, and started implementing NEV sales quota requirements for automakers.
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