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Business trends

China's Geely ramps up self-driving efforts amid auto market slowdown

Carmaker aims for nearly full automation by 2022 with opening of German research

Geely shows off its Geometry A electric vehicle at the auto show in Shanghai in April. The company has also announced big plans for self-driving technology.   © Reuters

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.

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