Geely sells Chunxiao SUV plant to 99%-subsidiary Jirun Auto in China

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M&A

Acquisition allows Geely subsidiary to produce a new high-end sedan and SUV

Zhejiang Geely, the parent company of Chinese automaker Geely, is shifting the ownership of its 99% subsidiary Chunxiao Target, which includes the sport utility vehicle (SUV) and sedan plant in Chunxiao,

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