Geely

Manufacturers must contend with overcapacity, declining domestic sales and possible EU restrictions

Transaction involves Geely offering 100% equity interest in its subsidiary and cash amounting to US$95 million

Companies such as BYD and Geely are quickly gaining market share around the world

Malaysia is shielding Proton from foreign competition – even with China’s Geely on board

The first electric SUV to be made in Valencia is the EX5

[STOCKHOLM] Volvo Cars scrapped its target of selling more cars this year due to a sharper-than-expected deterioration in China which cut into profitability in the second quarter.

The country’s bottom-up model produced some of its most successful companies but also created excess capacity

Officials are now discussing whether to give various Chinese manufacturers a specific allocation within the 49,000 vehicles

But partnering local companies carries big risks