Tag - Geely Auto news

Exciting news for the Indian automotive industry! JSW Group is reportedly in talks with China's Geely Auto for a potential electric vehicle (EV) joint venture. This move is part of JSW's aggressive strategy to expand its presence in the Indian EV market. JSW Geely Potential Joint Venture JSW Group, led by Sajjan Jindal, already has a partnership with SAIC's MG Motor India, but this new collaboration with Geely could open up even more opportunities. The company is looking to launch multiple EV lineups, including both passenger and commercial vehicles. The main reason behind JSW's interest in Geely is the latter's strong foothold in the EV market. Geely Auto, founded in 1997 by Li Shufu, has quickly become a leading new energy automaker. The company produces over 1.68 million vehicles annually, including 487,000 new energy vehicles like plug-in hybrids and battery electric vehicles. Geely's expertise in electric vehicles could help JSW achieve its ambitious goals in the Indian market. JSW is also planning to set up a dedicated EV manufacturing facility with an investment of INR 27,200 crore. This facility will help the company produce a range of EVs to cater to the growing demand for sustainable transportation options in India. While JSW has not commented on the ongoing discussions with Geely, industry sources suggest that the partnership could be a game-changer for both companies. The collaboration could lead to the launch of innovative and affordable EVs, making electric mobility more accessible to Indian consumers. What Cars Could Come to India? If the partnership between JSW and Geely comes to fruition, Indian consumers could see a range of exciting Geely vehicles hitting the market. Potential models include the Geely Emgrand sedan, known for its spacious interiors and advanced safety features, and the Geely Borui SUV, which offers a blend of luxury and performance. Additionally, the Geely Geometry C electric vehicle could be a strong contender in the growing EV market in India. These cars would cater to different segments, providing options for both families and individual buyers looking for eco-friendly and stylish transportation solutions Stay tuned for more updates as JSW and Geely continue their discussions.