Shanghai (ZXZC)- Geely Technology Group, a subsidiary of Zhejiang Geely Holding Group (Geely Holding), plans to build a 12GWh power battery manufacturing plant in Fuling district, Chongqing city, according to a cooperation agreement signed with the district's local government on Nov. 26.

Photo credit: Geely Technology Group

Meanwhile, Geely Technology Group also reached a collaboration deal with local government of Liangjiang New Area, another district of Chongqing, to locate there its headquarters of Western China. Besides, it plans to set up in Liangjiang New Area an innovation research hub that combines the efforts of enterprises, universities, and research institutes, and helps incubates outstanding firms for both upstream and downstream industrial chains.

Notably, the aforesaid two pacts are under an all-around strategic partnership the company forged with Chongqing municipal government on the same day.

“As an important manufacturing base of Western China, Chongqing boasts solid foundation in such fields as automobile and electronic information. Thanks to a sound business environment, Geely Holding's projects are proceeding smoothly in Chongqing,” said Li Shufu, chairman of Geely Holding. “We will make greater efforts to strengthen business deployment in Chongqing, explore new development model for new energy vehicles, and contribute to Chongqing's high-quality development of smart mobility and automotive industries,” Li added.

Geely Holding is building a high-end new energy vehicle manufacturing base and its global headquarters of industrial Internet in Liangjiang New Area, according to two agreements the group signed with local authorities last year.