Company Geely plans to invest in the development of production abroad

Geely Company received a loan of 20 billion yuan (3.1 billion dollars), which it plans to use to expand and strengthen its presence in foreign markets.

Export-Import Bank of China (Exim Bank of China) and Geely Holding Group announced the signing of a strategic agreement under which Geely gets access to financing in the amount - 20 billion yuan (3.1 billion dollars). The company plans to use the proceeds of the credit line to support and develop overseas production facilities, export finance, import and export of key equipment and overseas logistics bases.