Geely establishes a new joint venture automobile company named JiKr
Automobile Industry

Geely establishes a new joint venture automobile company named JiKr

Geely establishes a new joint venture automobile company named JiKr

 

Today, Geely Automobile announced that it has entered into a framework agreement with Geely Holdings to establish a joint venture company to establish an indirect wholly-owned foreign-owned enterprise in China through the joint venture company to engage in R&D, procurement and sales in China, including the Geely brand. Electric mobility related products, including smart pure electric vehicles, and the provision of related services.

Geely establishes a new joint venture automobile company named JiKr

Geely establishes a new joint venture automobile company named JiKr Geely establishes a new joint venture automobile company named JiKr

Geely officially stated that Ultra Krypton will integrate various assets and technologies, including but not limited to electric vehicle model technology, the right to use the vast intelligent evolutionary experience architecture (SEA), brand authorization, three-electric technology, supply chain system construction and user ecological construction, etc. .

Geely establishes a new joint venture automobile company named JiKr Geely establishes a new joint venture automobile company named JiKr

It is understood that Geely Auto will be jointly invested by Geely Automobile and Geely Holding Group (including employee co-investment platform and user rights platform), of which Geely Automobile holds 51% of the shares and Geely Holding Group holds 49%. The new company plans to inject RMB 2 billion in cash, with Li Shufu serving as chairman of the company and An Conghui as CEO of the company.

Geely establishes a new joint venture automobile company named JiKr Geely establishes a new joint venture automobile company named JiKr

The first model of Extreme Krypton will be built based on the SEA vast intelligent evolution experience architecture. It is the long-exposure ZERO production version. It will be scheduled at the Shanghai Auto Show in April and will be delivered in the fourth quarter.

Geely establishes a new joint venture automobile company named JiKr Geely establishes a new joint venture automobile company named JiKr

Geely Automobile stated that Geely Automobile will give full play to its long-term accumulation of professional capabilities and system advantages, increase R&D investment in the new four modernizations, build intelligent software and hardware full-stack self-research capabilities, and establish industry-leading technological advantages.

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Geely establishes a new joint venture automobile company named JiKr
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