Geely’s Chinese Billionaire Eyes Bigger Aston Martin Stake (1)

Chinese billionaire Li Shufuis considering boosting his stake in Aston Martin Lagonda Global Holdings Plcover time to foster collaboration with the struggling luxury carmaker, according to people familiar with the matter.

Li, whose Zhejiang Geely Holding Group Co. acquired a 7.6% stake in the quintessentially British brand last month, is interested in raising that shareholding close to 10% in the future, the people said, asking not to be identified as discussions are private. Such a move could pave the way for more sharing of technology and electrification know-how.

Geely’s considerations are early stage and it could opt ...