Zhejiang Geely Holding Group Co., Ltd. is a private automobile production and operation enterprise, which was founded by Li Shufu in Hangzhou on 1986. Geely Holding Group owns several internationally renowned brands such as Geely Automobile, Link Automobile, Volvo Automobile, Polestar, Proton Automobile, Lotus Automobile, London Electric Vehicle, Long-range New Energy Commercial Vehicle, Lee Tae Speeder, Cao Cao Special Vehicle, Homer, Shengbao and Mingtai.
Jirun Automobile (an indirect subsidiary of the Company with 99% interest) entered into a joint venture agreement with Xinwangda and Geely Automobile Group on July 27th, 20021. On this basis, both parties agreed to set up a joint venture company to develop, produce and sell hybrid battery cells, battery modules and battery packs.