Jelaskan Geely acquisition dari Grup Lifan

On December 13, 2021, Geely Automobile announced that Geely intends to jointly invest in the establishment of a joint venture company with Lifan Technology. The registered capital of the target company is 600 million yuan RMB. Geely Holding and Lifan Technology will each invest 300 million yuan, each holding 50% of the shares. In other words, in the total shares of Lifan Technology, Geely will account for 34.7%, making Geely the controlling shareholder of the firm. The joint venture manufactures electric vehicles using Geely's existing platforms under the Maple brand. As of January 2022, Geely announced that the joint venture with Lifan plans to build a battery swap ecosystem for electric cars. The first compatible car was launched in February 2021 as the Maple 60S.