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China: Geely chairman invests in lithium resources

The Xinhua official Chinese news agency has reported that Li Shufu, the chairman of Geely Holding, has personally invested in an Australian lithium compounds supplier Galaxy Resources. Xinhua reported that Strong Target International, controlled by the Geely Holding and Volvo Car chairman, paid AUS$30m (US$31.7m) for Galaxy bonds. Fengli Group, a Subscribe to Automotive World … Continued

The Xinhua official Chinese news agency has reported that Li Shufu, the chairman of Geely Holding, has personally invested in an Australian lithium compounds supplier Galaxy Resources.

Xinhua reported that Strong Target International, controlled by the Geely Holding and Volvo Car chairman, paid AUS$30m (US$31.7m) for Galaxy bonds. Fengli Group, a

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