Geely announces they would become largest holder of share capital in Sweden’s leading commercial vehicles and industrial engineering group, Volvo AB after acquiring Cevian Capital’s entire 8.2% share capital holding and 15.6% voting rights in the company.
Establishment of "smart Automobile Co., Ltd."
Mercedes-Benz and Geely Holding formally establish the global joint venture “smart Automobile Co., Ltd.” to produce smart brand cars.
The super connected 5G factory has the capacity of rolling out 30 cars in a hour (1 car in 2 minutes) with the help of automated robots that make everything runs smoothly without interruptions.
The factory is fully automated thanks to various devices and cloud services to monitor inventory levels and production status. If inventory is running low, the robots will activate and deliver the relevant parts.
BLACK LIGHT FACTORY
The black light factory in Xian does not require manual operation, all of which is handed to robots that make sure the production is smooth and without interruptions.
In addition to CMA based products, the factory can also produce SEA based products, covering different models of pure electric, hybrid, and traditional fuel vehicles.
