Geely Technology to build new energy battery research institute in China
Chinese automaker Geely Technology Group will reportedly build a new energy battery research institute at Xiuzhou Hi-tech Industrial Development Zone. The agreement was signed on April 29 with local government of Xiuzhou District, Jiaxing, Zhejiang.
About RMB 3 billion of investment is involved in this project, which is expected to start operation within this year. The institute will work as the headquarters for the group to research and develop new energy batteries with R&D hubs of battery cells and electricity generation system as well as centres for analysis & testing and forward-looking technology development.
The objective of this institute is not only to meet Geely’s demands on future continuous growth of new energy batteries, but to help improve the quality and efficiency of local new energy industrial development.
With more than a decade of development, Geely Technology has opened a large number of promising technology companies. It is continuously engaged in the field of new energy, transport services, future transportation as well as digital living.
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