According to a statement from CAMC, a.k.a Hualing Xingma, China automotive manufacturer Geely, will acquire a 15.4% position in the company.
Source: CV World Read The Article
PSR Analysis: A win-win situation for CAMC and Geely. There are still some legal proceedings to finish, but once it’s done, CAMC will save itself from financial trouble and Geely will add an asset to its commercial vehicle lineup. PSR
Qin Fen Is Business Development Manager for Power Systems Research
