Little Geely Volvo. It is time for Mercedes

Little Geely Volvo. It is time for Mercedes

FineAuto

While other manufacturers struggle to survive, a company from Hangzhou has plans for the further capture of the automotive world.

Pandemic coronavirus nice hit on the industry, putting on the brink of survival, many players of the automotive business. A few days ago came the sad news of the bankruptcy of the oldest rental offices of Hertz. And some manufacturers breathe its last.

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Country, who “gave” the world patient zero COVID-19, also suffered from the mess of the last months: in comparison with the previous year, car sales in China fell by 80%. However, according to the report of the National Commission for development and reform Commission (NRDC), at the end of the tunnel was approaching the light, and the brands of China are ready for great achievements.

According to Reuters, the founder and Chairman of Geely Li Shufu has been determined to actively develop cooperation with Daimler (at the moment, the Chinese manufacturer already owns a 9.69 per cent stake in the German group). Recall, Geely also owns controlling stakes in Volvo, Polestar, Lotus, Proton and Lynk & Co.

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