On September 16th, news surfaced that Contemporary Amperex Technology Co. Limited (CATL)'s acquisition of equity in Chongqing Yaoning New Energy Technology Co., Ltd. had garnered significant attention. The parties involved in this concentration were identified as CATL and Zeekr Automobile (Shanghai) Co., Ltd. In response to these reports, Geely clarified that Yaoning is a newly established facility, and the cooperation in question represents nothing more than a strategic alliance between Geely and renowned battery manufacturers. This collaboration, Geely emphasized, does not signify a departure from its commitment to in-house battery development or a reduction in the proportion of self-developed batteries within its portfolio. Geely urged the public to refrain from misinterpreting the situation. Furthermore, Geely categorically refuted the online rumor regarding an '8.5 billion yuan' investment, stating that no such total investment figure exists. It is speculated that this figure might stem from a comprehensive assessment encompassing various factors, such as land costs. However, Geely stressed that presenting this speculative figure as the definitive total investment amount is inaccurate and misleading.
