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The two groups are weighing whether Ford’s European plants could assemble vehicles for Geely to sell locally.
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The investment was led by Dragoneer Investment Group, DST Global and Sequoia Capital.
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South Korean company joins forces to develop next-gen Holographic Windshield Display technologies.
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The rule has been introduced under new safety regulations issued by the Ministry of Industry and Information Technology.
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However, import sales were down 12% on shipping delays.
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The partnership is aimed at speeding up the development, testing and industrial rollout of new materials for batteries used in electric vehicles.
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Growth was driven by a sharp rise in output in Japan.
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The partnership covers Bahrain, Saudi Arabia, Kuwait, Qatar and the UAE, with Hyundai Motor Group adopting Vodafone IoT’s Global SIM+ technology.
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