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Sustainable journey structure (SEA) open-source electric-powered vehicle platform is displayed all through a launch adventure in Beijing, China, on Wednesday, Sept. 23, 2020. Zhejiang Geely preserving neighborhood Co., the Chinese language carmaker whose solid of manufacturers comprises Volvo and Lotus, spoke of the underpinnings of a brand new electric-powered mannequin coming subsequent yr might be provided as much as different manufacturers.

(Bloomberg) — Chinese language carmaker Zhejiang Geely protecting community Co. Is doubling down on electric-powered vehicles, outlaying virtually $5 billion to build a new battery plant in the nation’s south.