Geely's H1 beats expectations as Volvo collaboration pays off
Shanghai
CHINA'S Geely Automobile Holdings Ltd said on Wednesday that first-half profit more than doubled, scoring its fastest earnings growth in eight years as cars designed with its Swedish unit Volvo won over domestic consumers.
Although known at one point more for its copycat designs and lower quality vehicles, the Hangzhou-based firm has transformed itself into a carmaker with upmarket aspirations.
