Lates News

Geely Auto announced that the joint venture framework agreement with Chongqing Industry Fund was approved and became effective on April 9, 2025. On June 5, Zhejiang Jirun, Chongqing Maichi, Lotus Robotics, and the employee incentive platform signed a shareholder agreement for the management of the joint venture company. The equity structure of the joint venture company is as follows: this group, Chongqing Maichi, and Qianli Partnership Enterprise each hold 30% equity, while Lotus Robotics and the employee incentive platform each hold 5%. The initial term of the joint venture company is 20 years and can be terminated early. Founding shareholders must decide whether to extend the term three months before the expiration.