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Electric cars in China

Geely's EV brand scores $500m investment led by CATL and Intel

EV unit Zeekr lands partnerships to advance tech in bid to become top player

A Zeekr 001 electric car at the Auto Shanghai show on April 19: Geely wants to turn the brand into one of the world's top 3 EV players.   © Reuters

BEIJING -- A luxury electric vehicle unit of China's Geely has partnered with top EV battery maker CATL and other investors to accelerate the development of new technologies.

Zeekr Intelligent Technology, which operates Geely's premium EV brand, signed strategic investment partnerships with five companies including Intel Capital, Zhejiang Geely Holding Group announced Friday. The partners will gain a 5.6% stake in Zeekr in exchange for $500 million.

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