China’s Taizhou municipal government and Geely Holding Group have signed a strategic cooperation framework agreement to deepen collaboration in new-energy vehicles (NEVs), reinforcing the city’s role in the country’s fast-growing electric vehicle supply chain.
The agreement was signed on Jan. 8 and will cover whole-vehicle manufacturing, supply-chain integration, technology innovation and talent development, according to statements released at the signing ceremony. Taizhou officials said the auto industry is a pillar of the city’s manufacturing economy and described the partnership as a step toward a more advanced and intelligent industrial structure.
See also: Geely Signals Possible U.S. Market Entry Within Three Years
Geely Holding Group Chairman Li Shufu said Taizhou’s existing automotive ecosystem provides a strong foundation for expansion into NEVs. “Taizhou has a solid auto-parts base and a complete supply chain,” Li said, adding that Geely plans to leverage its current footprint in the city by introducing advanced capacity for NEV assembly and core components.
Under the agreement, Taizhou is expected to take on production of Geely’s higher-end NEV models, while strengthening links between Geely’s manufacturing operations and local suppliers. Geely already operates vehicle assembly and powertrain plants in the city, and the new framework is intended to accelerate a shift of capacity toward electric and other new-energy vehicles.
See also: Geely Unveils G-ASD Assisted Driving System With L3-Ready Capability
Local officials said the cooperation would support industrial upgrading by aligning Geely’s technology and manufacturing capabilities with Taizhou’s supply base, helping the city move further up the automotive value chain.