Source: Tech – South China Morning PostChinese carmaking giant Geely Automobile Group is setting up a joint venture to compete in the battery-swapping sector as the country’s motorists increasingly switch to electric cars.Geely has set up a 50-50 business with Lifan Technology, backed by total initial capital of 600 million yuan (US$94.86 million).The new company, Chongqing Livan Automotive Technology, has completed the registration procedures and obtained the necessary business license, Geely said in a stock exchanging filing on…Read More