Geely wants to cooperate with BMW in electric vehicle technology?

According to foreign media reports, it is rumored that Geely Automobile Group recently reached an agreement with BMW Group in Munich. The two groups did not involve share purchases and business acquisitions in this cooperation, but hoped to establish a partnership. Geely hopes to obtain BMW's current achievements in pure electric vehicle technology. At the same time, BMW also hopes to use Geely Automobile Group's relevant channels in China to further promote its new energy strategy plan in China.

The news speculates that the future car market envisioned by Geely Automobile Group is controlled by 2-3 automakers, so they believe that current manufacturers should unite to survive and face many unpredictable market changes. Since 2010, Geely Automobile Group has successively acquired Volvo Cars, Lotus Cars, London Taxi and other companies, and the offer of Fiat Chrysler and Daimler has been rejected, but this does not prevent Geely Automobile Group from passing its CEO Shufu Li. In his personal name, he purchased a 9.69% stake in the Daimler Group.

However, in this rumor of cooperation with BMW, Geely Automobile is more interested in the achievements of the other party in the field of pure electric vehicle technology, and hopes to achieve cooperation in this aspect to consolidate the current lack of technology of its brands in this field. On the contrary, although the BMW Group and the Great Wall Motor Group have decided on a joint venture plan for pure electric vehicles, they still hope to find another strong partner in China, and Geely Automobile Group clearly meets the requirements of the BMW Group.

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