Chinese automaker Zhejiang Geely Holding Group sold 2.18 million units in 2019 and has set up a fund to support efforts to combat the corona...
Chinese automaker Zhejiang Geely Holding Group sold 2.18 million units in 2019 and has set up a fund to support efforts to combat the coronavirus outbreak, Chairman Li Shufu said on Monday.
The group's revenue reached 320 billion yuan ($45.97 billion) in 2019, Li said, according to a post on the group's wechat account.
The company, which has invested in German luxury automaker Daimler , Swedish Volvo and Malaysian Proton, invested 20 billion yuan in research and development last year, Li said.
Geely has set up a 200 million yuan fund to support the fight against a coronavirus epidemic which has killed more than 2,900 people in China. It is helping its car parts suppliers and dealers resume work and production, Li added.
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