Business Services Industry
CHINA GEELY GROUP SIGNS AGREEMENT WITH DAEWOO INTERNATIONAL.
AsiaPulse News, January, 2003
(Full text of a statement. Contact details below.)
NINGBO, Zhejiang, China, Jan. 14 /Xinhua-PRNewswire-AsiaNet/
China Geely Group, a private automotive company headquartered in Ningbo of eastern Zhejiang province, today announced that it has signed an agreement in Ningbo concerning strategic cooperation for products and technology with the Korean-based Daewoo International Corporation. Li Shufu, chairman of Geely Group and Li Tairong, president of Daewoo International, attended the contract signing. Also present was Geely Group CEO Xu Gang.
The first project of the agreement, named CK-1, brings together more than USD30 million and Korea's four main automotive designing and manufacturing companies -- Daewoo International, Tower Metal Co, Wooshin Co...
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