Geely Auto has established a new automotive parts company in Huzhou, Zhejiang province, named Changxing Jirun Automotive Parts Co., Ltd. This new entity, wholly owned by Zhejiang Jirun Automotive Co., Ltd., has a registered capital of 100 million RMB and will focus on the manufacturing, research and development, and retail of automotive parts and accessories. The establishment of this company indicates Geely's continued investment and expansion within the automotive supply chain. AI
RANK_REASON The cluster describes the establishment of a new subsidiary company focused on automotive parts, which is a business operation rather than a core AI development or release.
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