NAGOYA -- Toyota Motor is in discussions to provide hybrid technology to China's Zhejiang Geely Holding Group, a sign that it is intent on solidifying its strategic position in a market it believes will enjoy strong demand for hybrids for some time before autos go all-electric.
The Japanese company said on Friday it is in open-ended discussions about electrification technology with Geely. Specifics of cooperation were not revealed, but Toyota will likely license such hybrid-related technologies as motors, power converters and batteries to Geely and provide advice.
