HONG KONG -- Geely Auto Group, China's largest private automaker, is ramping up efforts to develop self-driving technology as it grapples with a slowdown in the domestic car market.
Geely, a group company of Volvo Cars owner Zhejiang Geely Holding Group, said earlier this month that it aims to introduce Level 4 self-driving technology -- defined as fully autonomous driving under certain conditions -- by 2022. Geely opened a new research center in Germany the following week to enhance its R&D capacities for the "new propulsion systems and next-generation mobility technology." The company did not disclose the size of the investment but said it plans to hire 300 engineers for the new facility.
