Geely to Offer Most Models With Alternative-Energy PowertrainsBloomberg News
Geely Automobile Holdings Ltd. will offer alternative-energy powertrains for the majority of its models in the future as the company seeks to meet increasingly strict emissions and fuel-efficiency standards.
The Chinese automaker will unveil its alternative-energy vehicle plan on Nov. 18 in Guangzhou, ahead of the city’s auto show, according to Vice Chairman Yang Jian. Most models in the future will be offered in hybrid, plug-in hybrid or battery electric versions, he said.
Automakers have been making investments needed to meet stricter safety and emissions standards that China has scheduled for the next few years. To comply with the tougher requirements, companies have been developing electric vehicles or adding complex fuel-saving features.
Geely’s stock has gained 56 percent this year in Hong Kong trading, compared with the 5.1 percent decline in the benchmark Hang Seng Index.
— With assistance by Kongho Chua