Last Updated on November 5, 2022 by SogouAuto
The news of this partnership comes on the heels of another major announcement from Daimler. Last week, the company said that it would be investing $11 billion to develop electric vehicles over the next five years. This is part of Daimler’s effort to ” lead the transformation” to electrification and meet tougher emissions standards around the world.
Daimler isn’t the only automaker investing big in electrification; Volvo has also announced plans to electrify its entire lineup by 2019. And Geely itself has been investing heavily in electric vehicle technology; last year it acquired Proton, a Malaysian automaker with a strong EV research program. With this latest partnership, it’s clear that Geely is serious about becoming a major player in the global automotive industry.
