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Geely founder Li Shufu launches smartphone venture in bid to create ecosystem as cars become connected devices



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Chinese carmaker Zhejiang Geely Holding said on Tuesday that its founder Li Shufu has launched a new company to make smartphones in a bid to create a seamlessly connected ecosystem.The new company, called Hubei Xingji Shidai Technology, signed an agreement with the Wuhan Economic and Technology Development Zone to establish its headquarters in the central Chinese city, where it will develop smart devices including smartphones.“There is a close connection in technologies within intelligent…

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