Geely profit tops estimates even as price war rages on
Geely's transition toward EVs is showing positive early results, with battery-powered vehicles, including plug-in hybrids, now making up almost 30 percent of its sales......»»
Volvo to cut stake in Polestar to 18% as EV demand slumps
Polestar shares have fallen due to a slower-than-expected ramp up and overall cooling EV demand. Volvo's move will hand more responsibility to China’s Geely, which controls both companies......»»
Geely launches 11 low-orbit satellites for autonomous vehicles
Geely said it expects 72 such satellites to be in orbit by 2025 and eventually plans to have a constellation of 240......»»
Volvo to stop funding Polestar as Geely readies bailout
Polestar and Volvo owner Geely said it welcomed Volvo's decision to focus its resources on its own development......»»
Geely reduces Volvo stake; will continue to support Swedish automaker
The sale follows complaints from analysts and investors over the company’s small free float, which has put pressure on the stock and fueled high trading volatility......»»
Zeekr losses grow as Beijing seeks greater influence, U.S. IPO prospectus says
The upstart owned by Geely aims to raise more than $1 billion, Reuters has reported, but is unlikely to breach the billion-dollar mark, according to a source......»»
Geely-linked ECARX eyes profitability as it seeks greater brand, geographic diversity
Geely-linked digital cockpit supplier ECARX is "on track" to break even as it rolls out new products and expands its reach to new vehicles, said John Marcus, the company's president of international......»»
Polestar 4 output expands to South Korea in 2025
The move allows the Geely-controlled Polestar to avoid a steep 25 percent U.S. tariff imposed on China-built vehicles......»»
Geely and Baidu, in challenge to Tesla, launch autonomous EV
The Jiyue 01, the first EV from a Geely-Baidu joint venture, is equipped with Baidu’s Apollo platform, which has been in development for 10 years and used on driverless vehicles since 2016......»»
Polestar prepares to raise up to $1 billion for EV sales push
The Geely subsidiary has been struggling to gain market share due to software delays and competition from rivals such as Tesla that are selling battery-powered models at lower prices......»»
Polestar forms $200M software JV with Geely unit
The new unit will develop Xingji Meizu’s technology platform, Flyme Auto, into an operating system to offer in-car apps and intelligent vehicle software......»»
Lotus builds a modern car, and we’ve driven it: the Lotus Emira review
The British carmaker has improved leaps and bounds since being bought by Geely. Enlarge / The Emira is the first new mainstream sports car made by Lotus since it was bought by Geely in 2017. (credit: Drew Phillips for Lotus Cars).....»»
Geely-backed ECARX plans a North American push
Geely-backed automotive tech startup ECARX's sole focus on the auto industry will give it an advantage over its larger competitors, according to its CFO......»»
Geely ups Aston Martin stake to 17% as third largest shareholder
Geely can help Aston Martin in the key Chinese market, the UK's automaker's chairman, Lawrence Stroll, said......»»
Geely says all options open on Volvo AB stake after Daimler sale
Volvo AB's second-largest shareholder Geely said while it's not currently planning any changes to its position, "anything is possible" in future......»»
Chinese automakers to participate in Baidu Ernie Bot ecosystem
Several Chinese automakers, including Jidu Auto, Geely Auto, and Great Wall Motor, have joined Baidu's ChatGPT-style Ernie Bot ecosystem......»»
Saudi Aramco to invest in Renault-Geely combustion-engine venture
The deal would make Aramco the first major oil producer to invest in the car business as EVs threaten its traditional oil-based business. .....»»
Geely Tech teams up with GTA Semi to accelerate deployments in auto chips
China-based Geely Technology, an affiliate of Geely Automobile, has recently signed a strategic cooperation agreement with domestic power chips foundry GTA Semiconductor to carry out comprehensive collaboration in the areas of auto-grade chips R&D, m.....»»
Volvo readies EV push in biggest product revamp under Geely
The product plans amount to the largest revamp of Volvo’s model line-up since Geely acquired the brand from Ford......»»
Competition in Chinese FCEV market to heat up
Viewing that the Chinese government has been boosting development of fuel cell-powered electric vehicles (FCEVs), Hyundai Motor, Toyota Motor and main China-based automakers including Great Wall Motor, SAIC Motor, Geely Automobile and Dongfeng Motor.....»»