other hypothesis that connects directly to the debt of the Galaxy. June 2011,
A subsidiary of Geely has developed together with the " Technical University of Chemnitz " a hybrid transmission , which is a further development of the concept of the Toyota PRIUS . The gear units are small, lightweight, require little power supply and the demand for cooling is reduced . Start of production is planned for 2014 in China.
founder and CEO of Geely , Mr. Shufu has , with his investment company " " (which NOT to Geely company belongs ) in the lithium - manufacturer" GALAXY RESOURCES " invested STRONG TARGET. Through participation in Galaxy Geely could be a secure stable supplies of lithium, which is urgently needed for the production and development of powerful and at the same time lightweight lithium batteries for electric vehicles. Industry insiders see this step as a strategically important decision for Geely's future. "
