Mohammed Maktari, CEO, NIO MENA: The global EV share is projected to grow to 24% …
Read More »Li Shufu’s Geely raises $350 million selling part of its stake in Volvo Car
BLOOMBERG Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group Co is raising around $350 million selling part of its stake in Volvo Car AB, responding to investor concerns about the automaker’s limited free float. Geely, which owns a web of automotive interests in Europe, offered approximately 100 million shares in the company at 37 kronor ($3.49) apiece, according to a …
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