Geely Automobile subsidiary acquires two engine firms for RMB1.265 billion

Zhejiang Geely Dongli Zongcheng Company Limited, a subsidiary of Geely Automobile Holdings, agreed to acquire Taizhou Binhai Geely Engine Company Limited and Guizhou Geely Engine Company Limited for a total of RMB1.265 billion. The acquisitions will add an annual capacity of 720,000 engines.

“An annual capacity of 720,000 units of engines will reportedly be newly added for Geely Auto after the above two engine manufactories are completed.”autonews.gasgoo.com

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• autonews.gasgoo.comGeely Automobile Holdings acquires two engine firms with RMB1.265 billion | GasgooMonikaOct 8, 2018

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