JSW likely to partner China's Geely for electric vehicle foray

JSW and Zhejiang Geely Holding Group are in talks for a 50:50 JV for $ 1 bn Gujarat EV project

JSW Group, which is setting up a Rs 4,000 crore electric vehicle (EV) plant in Gujarat, is likely to partner with Chinese multinational automotive giant Zhejiang Geely Holding Group Co Ltd for the project. A formal announcement regarding this is expected around December. Sources said that the joint venture (JV) is likely to be a 50:50 one.
                     
A mail sent to JSW remained unanswered.
 
In September, JSW Energy, part of the Sajjan Jindal-led Jindal Group, signed a memorandum of understanding (MoU) with the Gujarat government to set up a Rs 4,000-crore EV manufacturing facility in the state that