Geely reportedly reorganizes battery businesses for potential integration into listed automaker

Geely is reorganizing several companies in its battery business: Zhejiang Jiyao Tongxing Energy Technology may be included in listed Geely Automobile if the battery unit becomes profitable. Reports of CATL buying a battery project in Chongqing are called an isolated case.

• Reorganization is part of 'One Geely' strategy
• Zhejiang Jiyao Tongxing Energy Technology may join Geely Automobile
• Integration possible only after battery business becomes profitable
• CATL case in Chongqing called separate episode