Geely Seeks Over €2 Billion Loan to Refinance Volvo Truck Deal

By Yahoo! Finance | Nov 8, 2024 at 01:05 AM EST

Chinese billionaire Li Shufu's Zhejiang Geely Holding Group is seeking a syndicated loan to refinance debt from its Volvo AB stake acquisition. Geely aims to enhance profitability and compete in the EV market by shifting to a more upscale product range.

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