2021年3月23日

Geely will pour nearly $5 billion into building an electric battery plant in China, as the country's top privately-owned carmaker moves more aggressively to bolster its electric vehicle ambitions in the world's largest market.


The company will invest 30 billion yuan ($4.6 billion) into a battery factory in Ganzhou, a city in eastern China, according to a statement released Sunday by the local government.


The factory will have a capacity of 42 gigawatt-hours per year, the statement said. That's similar in scale to the factories Germany's Volkswagen said Monday it would build in Europe.