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Geely Auto and Lifan Technology to form automobile joint venture in Chongqing · Endata

◂ Announcements

Dec 13, 2021ACQUISITIONChongqing, China, China

Geely Auto and Lifan Technology to form automobile joint venture in Chongqing

Geely Automobile Holdings and Lifan Technology announced plans to set up an automobile joint venture company in Chongqing, each investing RMB 300 million for a 50% stake, focusing on vehicle R&D, sales, and battery-swapping services.

Value

$94.0M (600.0M CNY)

Status

Announced

Productsautomobilesbattery-swapping vehicles

CompaniesGeely Automobile Holdings partner Lifan Technology partner

Sectors#Automotive Components

“Lifan Technology, the holding company owning China’s named motorcycle brand, Lifan Motorcycle, announced today that it will be setting up an automobile joint venture company with major automaker, Geely Automobile Holdings Limited.”autonews.gasgoo.com

1 source
autonews.gasgoo.comGeely to set up automobile joint venture with Lifan Technology | GasgooGabriellaDec 13, 2021

Summarized from public sources; check the original articles before acting on it.

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Apr 23, 2021CONTRACTChina$185.0M
Neusoft receives RMB1.2 billion infotainment order from Geely via ECARX
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Feb 24, 2021PARTNERSHIP
Geely and Volvo to launch powertrain venture after merger scrapped
Volvo Cars partner Geely Automobile Holdings partner reuters.com

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