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BUSINESS & TECH

Geely’s Li Calls for Auto-Industry Cooperation in Technology

Li Shufu, chairman of Zhejiang Geely Holding Group Co. Ltd., is interviewed by Bloomberg Television on the sidelines of the 13th National People's Congress in Beijing on March 8. Photo: VCG
Li Shufu, chairman of Zhejiang Geely Holding Group Co. Ltd., is interviewed by Bloomberg Television on the sidelines of the 13th National People's Congress in Beijing on March 8. Photo: VCG

The billionaire founder of China’s largest private automaker, whose investment portfolio includes Daimler, Volvo and Lotus Cars, has called on the industry to collaborate closely amid the rise of new technologies such as autonomous driving.

“We must actively explore the possibility of extensive alliances instead of evading reality and becoming introspective,” said Li Shufu, chairman of Zhejiang Geely Holding Group Co. Ltd. “We must offer new technologies in ways that promise a return on investment.”

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