Geely Going Solar at Car Factories as Part of Clean-Energy Push
- Chinese automaker has pledged to cut emissions by 25% by 2025
- Geely JoiNet also plans to start carbon trading within year
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China’s biggest private carmaker Zhejiang Geely Holding Group Co. will install photovoltaic cells on the roofs of all of its factories within two years as it seeks to reduce carbon emissions 25% by 2025, according to Gong Jin, chief executive officer of Geely JoiNet Energy Co.
Geely JoiNet, the division charged with greening the automaker’s production hubs, is also preparing to start carbon trading within 12 months and may have revenue from that endeavor of around 10 million yuan ($1.6 million) a year in about three years, Gong said in an interview last week.