China’s Geely Brand Enters Italy With All-Electric, Hybrid SUVs
The Geely EX5 electric SUV.
Source: Geely Automobile Holding
Billionaire Li Shufu’s Geely Automobile Holdings will enter Italy for the first time with its namesake brand, extending a push by Chinese carmakers to expand in Europe.
Geely plans to introduce two sport-utility vehicles, its all-electric EX5 and a Super Hybrid plug-in, in Italy during the fourth quarter, according to a statement Thursday. The company has partnered with Saudi-owned distributor Jameel Motors, which won an agreement in Poland in April.