SHANGHAI/HONG KONG -- China's Geely Automobile Holdings reported a virtually flat net profit for the first half of the year on Tuesday, as the automaker struggles to shift to electrified vehicles amid a sluggish economic recovery and severe price competition at home.
Automobiles
China's Geely struggles to lift profits as price war rages
Transition to electric vehicles and sluggish domestic economy hit automaker
Lynk & Co, Geely's medium-to-high market brand, is struggling in its transition to electric vehicles. © Reuters
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