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China's Geely to concentrate entirely on green energy cars

2015-11-18 13:34:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: China's Geely Automobile Holdings plans to concentrate entirely on developing green energy vehicles, eschewing traditional combustion engines and completely overhauling its product portfolio, the company said on Wednesday. Geely wants 90 percent of sales to be so-called new-energy vehicles by 2020, the company said in a press release. The carmaker announced the plan, dubbed "Blue Geely", for new-energy vehicles, which in China refers primarily to battery powered and hybrid cars, ahead of the...

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Category:Electronics and Electrical

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