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[Geely is undergoing a new round of internal reorganization of the battery sector] On September 15th, an internal Geely executive said that in the battery sector, the company is currently reorganizing several of its companies, which may be merged into Geely Automobile's listed company in the long term. "The specifics will have to wait until the battery group meets the profitability conditions." He also said that the recent exposure of CATL to acquire Geely's Chongqing battery project is only an isolated case. After all, CATL also has the need to expand production capacity. (Blue Whale News)
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