Ningbo in East China's Zhejiang province inks a strategic cooperation agreement with Zhejiang Geely Holding Group on June 25. [Photo/Ningbo Daily]

Niingbo in East China's Zhejiang province inked a strategic cooperation agreement with Zhejiang Geely Holding Group on June 25, local media reported.

According to the agreement, the headquarters of Zeeker, Geely's premium electric car brand, will be established in Ningbo.

In addition, the two parties will work together to develop premium electric vehicles and an intelligent vehicle parts industrial park.

Geely, one of the largest carmakers in China, already has a big business presence in Ningbo. 

Early last year, it relocated the headquarters of its subsidiary Geely Auto Group to Ningbo and agreed to set up a 50-50 joint venture with German car company Daimler AG in the city to produce electric vehicles for global markets.