A car body is painted automatically at a Geely plant in Zhejiang province. [Photo provided to ehangzhou.gov.cn]
Zhejiang Geely Holding Group, China's largest private carmaker, announced on Oct 8 that it will open an electronics industrial park for new energy vehicles in Xiaoshan district, Hangzhou, a new move after the tycoon acquired a 7.6 percent stake in British luxury carmaker Aston Martin Lagonda on Sept 30.
The park, with a planned area of 17.3 hectares, is a move by both Geely and the Xiaoshao district government to deepen cooperation in R&D, manufacturing, sales, and branding.
The park will mainly be involved in electric vehicle intelligent driving controllers, on-board charging, and high voltage battery management systems, and plans to achieve mass production in December 2023.
The park is expected to help drive the agglomeration of relevant industries in the area and help Geely in its transformation toward a more electric and intelligent auto industry.
Geely has been working to strengthen its international image by acquiring shares of world-renowned auto brands in recent years, such as the Swedish brand Volvo and British luxury carmaker Aston Martin Lagonda.