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Chinese automotive conglomerate
Zhejiang Geely Holding Group Co., Ltd. (ZGH), commonly known as Geely Holding, is a Chinese multinational automotive conglomerate headquartered in Hangzhou, China. The company was founded by, and is privately owned by Chinese entrepreneur Li Shufu.
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Geely plans to take a stake in Nio’s charging and battery-swapping business. Overcapacity is pushing China’s automakers toward greater cooperation.
Geely launches Smart Charging C12 stations in five Chinese cities with 2,250 kW peak output, charging EVs from 10% to 97% in 8 minutes 40 seconds.
Nio delivered 37,408 vehicles in September, up 7.7% year on year, as Geely took a 30.0% stake in Nio