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Renault to use Geely’s platform to produce EVs

KATHMANDU: French automaker Renault is joining with Chinese company Geely to develop electric vehicles for emerging markets. According to Renault’s research team in China, the partnership is aimed at targeting Southeast Asian and South American markets. Under the partnership, Geely…
News

Geely to halt expansion amid overcapacity concerns

KATHMANDU: Geely Chairman and Founder Li Shufu has raised concerns over “serious overcapacity” in the global automotive sector, stating that the company will not build new manufacturing plants or expand production at existing facilities. Li made the remarks during an…