Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s Geely has sold its majority stake in Denmark’s €1.6bn Saxo Bank to Swiss private bank J Safra Sarasin, ending an eight-year joint venture that bet on Chinese capital markets opening up to the west. … Read more
Chinese billionaire Li Shufu is expanding carmaker Geely into Latin America through a partnership with Renault, underpinning the nation’s drive to build sales in friendly global markets as tariffs block growth in the US and Europe. Li, through his private investment holding firm Zhejiang Geely Holdings Group, signed a framework agreement with the French carmaker … Read more
A lift for the way forward for the black cab commerce as Geely introduced a recent funding of £120 million within the London Electrical Car Firm (LEVC), which underscores its dedication to the UK’s iconic black cab trade. This newest capital injection is not only a monetary increase; it’s hopefully a robust assertion of confidence … Read more
