Geely Automobile Holdings (HK:0175) has released an update.
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Geely Automobile Holdings Limited has announced new agreements for the sale and purchase of Complete Knocked Down kits and automobile components, reflecting increased demand and setting substantial annual transaction caps until 2027. These new contracts with Geely Holding and affiliated groups will replace existing agreements set to expire in December 2024 and aim to streamline business operations for the coming years. The financial implications involve billions in RMB, indicating significant growth and expansion plans for Geely’s automotive and components sales.
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