 Geely Automobile Holdings Ltds OTC: GELYF parent Zhejiang Geely Holding Group Co and among Chinas largest automakers that owns multiple brands, is in talks to sponsor two blank-check acquisition deals, reports the Wall Street Journal. What Happened: The multinational company that also owns Volvo Car Group is in talks to sponsor a 300 million special purpose acquisition company for a Nasdaq listing and another SPAC to list the Swedish-electric vehicle maker Polestar, the report said citing people familiar with the matter. 