Geely already has a stake in a number of automotive companies, including local car manufacturer, Proton. Most recently, now Geely also took a stake of 7.6% in the luxury car manufacturer, Aston Martin.
With this move, Geely continues to strengthen their position in the automotive arena – and aims to share technology with various other manufacturers.
Geely today also has stakes in Lotus, Volvo Car, and even Mercedes-Benz.
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BUSINESS & MONEY