Geely announced that it has investment plans for its new energy vehicles (NEVs) both in China and overseas, despite struggling for growth in its existing vehicle line-up. In China, Geely will invest CNY 7 billion to build a production base in Nanchong in China's Sichuan province concentrating on NEV commercial vehicles (CVs), state media Xinhua reports. The new plant will have capacity to build 100,000 commercial NEVs per annum as well as 50,000 gas engines, and will also have a NEV CV research centre. The plant is expected to be complete in two years and Geely aims for revenue of around CNY21.6 billion per annum once completed. Geely signed an agreement with the government of Nanchong on 31 December 2014. In the United Kingdom, Geely plans to invest GBP 150 million in a plant in Coventry to produce the TX5, a green variant of the next-generation London taxi scheduled to enter the market in 2018. The production plant is expected to be based in Ansty Park in Coventry, where the current headquarters of Manganese Bronze is located. The existing base, also in Coventry, where the TX4 is currently produced, will not be the base for the TX5; instead, a new plant will be built for the TX5.

The company also announced that Zhang Ran has stood down as executive director of the company to allow himself more time to pursue his other personal and business objectives.
The announcement also states that Zhang, who took on the role in March 2014, was responsible for financial management, infrastructure set up and the management of the company's auto financing system. Zhang joined Geely in 2010 from Ford. Despite not having an active role at Geely, he will retain a position of non-executive director of the company for three years.