CHINA'S GEELY WILL LAUNCH HYBRIDS WITH MORE FUEL-EFFICIENT ENGINES

China's Geely Holding Group (GEELY.UL) on Wednesday said it would launch a series of hybrid models in the first half of next year equipped with its next-generation, more fuel-efficient engine. Geely's engine achieves a thermal efficiency of up to 46.1%, according to a product certificate issued by the government-owned CATARC Huacheng Certification Co.

Geely said this was among the highest in the world, and would reduce fuel consumption and extend driving range. The new models will be launched for Geely Auto's Galaxy series and its Lynk & Co brand. Plug-in hybrids are the fastest growing fuel-type sector in China thanks to their affordability, and competition in the sector is intensifying.

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