Geely Automobile flags costs, chip shortage after 12% drop in 2021 profit
SHANGHAI: Geely Automobile Holdings Ltd expects rising raw material prices and global chip shortages to pressure its profitability and sales this year, the Chinese company said on March 23, after posting a 12% fall in 2021 profit. The world’s highest-profile Chinese automaker, thanks to its investments in Volvo Cars and…
bubmagMarch 23, 2022