Geely Automobile Finalizes JV Stake Sale and New Agreement

Geely Automobile Holdings (HK:0175) has released an update.

Geely Automobile Holdings has completed the sale of its interest in a joint venture, with the JV now owned by Aramco Asia Singapore, Aurobay Holding, GHPT Limited, and Renault. The parties have entered into an amended joint venture agreement to optimize the JV’s growth in powertrain and fuel technologies. This strategic collaboration is expected to enhance the JV’s competitive edge in the automotive market.

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