Geely launches first pure electric model in U.K.
Geely Automobile Holdings Ltd. launched its first pure electric model in the U.K., the EX5, in London on Oct. 23, with prices ranging from 31,999 pounds ($42,600) to 36,999 pounds. Parent company Geely Holding Group is undergoing a strategic adjustment, and Geely Automobile is in the process of acquiring Zeekr Intelligent Technology Holding Ltd., after which it will focus on the Zeekr, Lynk & Co, and Geely brands. The company is considering using the existing production capacity of local European automakers to avoid disrupting the local industry and better integrate into the market.
