Geely says founder moves into smartphone manufacturing


A building of the Geely Auto Research Institute is seen in Ningbo, Zhejiang province, China August 4, 2017. REUTERS/Aly Song/Files

SHANGHAI (Reuters) - Chinese automaker Zhejiang Geely Holding said on Tuesday its founder Eric Li has launched a new company dedicated to making smartphones. The company, called Hubei Xingji Technology Co Ltd, has signed a strategic cooperation agreement with the Wuhan Economic and Technological Development Zone to establish its headquarters in the central Chinese city where it will develop smart devices including smartphones.

(Reporting by Josh Horwitz and Brenda Goh; Editing by Tom Hogue)

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