Geely And Shell Sign Strategic Agreement For New Markets, Research And Development And New Opportunities

Chinese manufacturer Geely has expanded its strategic cooperation agreement with Shell, the largest energy company, in the context of the recently completed Sino-Euro tour.

With the 100-Degree Challenge, Geely goes worldwide, operated by Shell’s European tour, where Geely’s fleet of 100 Bo Yue SUV begins to travel Xi’an in China and traveled for a month through 58 cities in 9 countries.

Geely confirmed that the new agreement represents his active participation in the global market, the exchange of strategic prospects in One Belt and One Road and speeding towards company’s objective to be one of the top ten automobile manufacturers all around the world.

The automaker says the team had to compete with difficult road conditions and traveled 108 degrees longitude in three different climatic zones to complete the unprecedented journey. The Challenge 100 Degrees Tour showcased Bo Yue’s ability to travel the world, the quality, craftsmanship, and efficiency of the car to the world, as well as the power of Chinese car brands.

Geely’s Bo Yue sold more than 500,000 units within 25 Months of its launch, at the top of SUV sales in China. For the tour, Bo Yue was tested at Shell Technology Center in Hamburg, participated in motorsports at the Nurburgring circuit, and at Goodwood conducted tests on off-road conditions.

In 2018, Geely plans to create a new design studio in the UK to support Lotus and a new R&D center in Europe which will be part of a pioneering development system with an inclusion of five major R&D centers and design studios globally.

Orbit energy, which is the new entrant in the energy sector, has completed a deal with Shell for the supply of gas, power, and other environmental products. The deal will be off five years.

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Shivangi Mehra

Shivangi holds a degree in Masters in Business Administration, from S. P. Jain Institute of Management and Research College, in the field of business and finance. She has been active in industry since 6 years, and has written for various well known publications as well. Her articles have been featured several times in regional news and as global tech news. Her unique style of writing, and in-depth analysis skills regarding the past trends and upcoming scope of opportunities makes her a perfect choice for her designation as an Editor for Latest Industry News.


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