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Geely and Kandi agree on JV to make electric cars in China

February 6, 2013 by Joey Wang

Geely and Kandi agree on JV to make electric cars in China

Shanghai Maple Guorun, a subsidiary of Zhejiang Geely, said that it has signed an agreement with Kandi Vehicles to set up a 50-50 joint venture for electric vehicles.

With registered capital of 1 billion yuan ($160 million), the joint venture will engage in the investment, research and development, production, marketing and sales of electric vehicles on the Chinese mainland.

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