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China's Geely makes $9 billion Daimler bet against tech invaders
Sun, Feb 25, 2018
Chinese carmaker Geely has built up an almost 10 percent stake in Daimler in a $9 billion bet by its chairman that he can access the Mercedes-Benz owner`s technology in the growing battle for the future of automotives. The purchase by Li Shufu, Geely`s founder and main owner, means China`s larges
China will quadruple energy vehicle annual output to 2 million by 2020
Mon, Jan 16, 2017
China will quadruple its new energy vehicle annual output to two million by 2020, a cabinet minister has said.
Volvo Cars raises $500 million in step towards IPO
Tue, Dec 20, 2016
Geely`s Volvo Cars have raised 5 billion Swedish crowns ($532 million) from a group of Swedish institutional investors in a step towards a listing of the Chinese-owned company.