Geely affiliated engine plant starts production

Newswire

HONG KONG, Dec 30 (Reuters) - Geely Automobile Holdings Ltd. said on Thursday that a new engine plant belonging to an affiliate began mass production this week. The first-phase investment in the plant, Shanghai Maple Guorun Automobile Co. Ltd., which is 46.8 percent owned by Geely, totalled 128 million yuan ($15.5 million), Geely said in a statement. The facility has annual production capacity of 50,000 units. Geely said the new plant would focus mainly on high-end and larger engines, ...

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