Geely to sell Know Beans electric cars

On the afternoon of June 22th, Geely released announcement that, the group has assigned an agreement with an independent investor to sell the holding shares of Know Beans car.

Know Bean is an electric car brand, co-invested by China Xindayang Group and Geely. According to introduction, Zhejiang Jirun and Shanghai Huapu hold 45% of the registered capital of Ninghai Know Beans. D2 product, which was launched into market at last year, receives a good market respond.

Ninghai Know Beans was established in 2015 in China, mainly engaging in the R&D, and manufacturing of electric cars.