Geely to Divest Interest in 2 Unprofitable EV Subsidiaries
Geely Automobile Holdings has contracted to sell its stakes in two small, unprofitable electric vehicle subsidiaries to its parent, Zhejiang Geely Holding Group Co. The move is part of a plan to “consolidate and enhance its product portfolio and thus brand image by focusing on relatively higher-end automobiles going forward,” Geely said in a statement last week. Geely holds a
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