174 Articles
Geely targeting Tesla with new premium EV brand called Zeekr

We thought that's what Polestar was for, but Zeekr will reportedly go further upscale

China's Geely to add $4.6 billion battery plant in EV push

Bigger than the Tesla-Panasonic Gigafactory in the U.S.

Baidu and Geely plan to make electric cars together

China's Google equivalent has deep pockets for the venture

Daimler and Geely collaborate to develop 'a highly efficient modular engine'

Engine from the financially affiliated companies would be used in hybrids

Volvo says demand is holding up despite COVID spike in Europe

But its merger with Geely is currently on hold

Swedish carmaker Volvo Cars expects to hit its forecast of roughly flat sales year-on-year in the second half of 2020 even as a recent a surge in cases across Europe makes the outlook more uncertain, Chief Executive Hakan Samuelsson told Reuters. Volvo, bought by China's Geely Holding in 2010, has repositioned itself during Samuelsson's tenure as a premium carmaker with a range of popular sports utility vehicles (SUVs), taking on far larger rivals such as BMW and Mercedes .

Polestar plans to double showrooms this year and move into new markets

Plans to sell 50,000 electric vehicles annually within a couple of years

Polestar, the performance electric vehicle maker based in Sweden and owned by China's Geely, plans to double the number of showrooms in existing markets this year and expand to new countries in Asia and the Middle East, its CEO said on Tuesday. The automaker started producing its Polestar 2 sedans this year in China and sells them in China, Europe and the United States. It plans to expand its sales network and is looking at new markets in the Asia Pacific region and the Middle East, Chief Exec

GM and Geely both wading into China's pickup truck market

Unlike in the U.S., pickups are niche there, so there's nowhere to go but up

Geely, with Volvo's help, plans to grow into a global auto giant

Founded in 1986 as maker of refrigerator parts, Geely now sells 2M cars per year

TAIZHOU, China/SHANGHAI (Reuters) - Chinese carmaker Geely plans to use a platform developed with input from Volvo to build new models in Malaysia for its partly owned Proton brand, a strategy that shows how it aims to accelerate its push to become China's first global auto giant. The yet-to-be-finalised plans for Proton are just one strand of a Geely project to revamp factories at home and abroad using joint platforms it has been perfecting with Volvo since 2013. Geely bought the Swedish bran

Volvo and owner Geely may tighten ties and create a global group

The company would preserve the distinct identity of Volvo, Geely, Lynk & Co and Polestar

A combined company would preserve the distinct identity of each of the brands Volvo, Geely, Lynk & Co and Polestar, Volvo's electric brand. A deal would be subject to the approval by the boards and and shareholders of Geely and Volvo Cars, as well as by regulators.

Geely and Mercedes-Benz invest $780 million to make electric Smart cars

Geely will lead engineering and Mercedes-Benz will take charge of their overall look

BEIJING/SHANGHAI (Reuters) - Zhejiang Geely Holding Group Co Ltd [GEELY.UL] and Mercedes-Benz on Wednesday said they would each invest 2.7 billion yuan (295.98 million pounds) in a China-based venture to build "premium and intelligent electrified" vehicles under the smart brand. The 50:50 venture has received regulatory approval and will be based in the Chinese coastal city of Ningbo, the Chinese and German automakers said in a statement. Like Mercedes-Benz, smart is a Daimler AG ma

Daimler and Volvo could jointly develop internal combustion engines

Chinese automaker Geely owns Volvo and a holds a 10% stake in Daimler

Luxury German carmaker Daimler and Volvo Cars, owned by China's Geely, are considering cooperating to cut the costs of developing combustion engines, a magazine reported on Sunday, citing unnamed company sources. The Automobilwoche weekly cited a Volvo manager as saying there were initial talks with Daimler, but no concrete plans, while a company spokesman said it was too early to talk about firm projects, although it was not excluding anybody. A Daimler spokesman said the company's

China's BAIC buying up Daimler stock to unseat Geely as top shareholder

It wants a 10% stake and a seat on Daimler's board

BEIJING/HONG KONG/FRANKFURT (Reuters) - Daimler's main China joint venture partner BAIC Group has set in motion a plan to double its stake to around 10% and win a board seat in the German luxury car maker, as it aims to upstage rival Geely, two sources told Reuters. State-owned Beijing Automobile Group Co Ltd (BAIC), which already owns a 5% shareholding in Daimler, has started buying the German company's shares from the open market, said the sources who were briefed on the matter.

Lotus says it's hiring 200 new engineers in effort to expand

China's Geely continues to invest in the old British sports car brand

China's Geely continues to invest in the old British sports car brand.

China's Geely launches new premium electric car brand called Geometry

It has already received 26,000 orders for its first model

It has already received 26,000 orders for its first model.

Smart brand will be built in China as a Daimler-Geely joint

One more way automakers are aligning to make EVs profitable and affordable

One more way automakers are aligning to make EVs profitable and affordable.

Lotus has a new sports car in the pipeline

The 2020 model will be cushier than usual Lotus products

The 2020 model will be cushier than usual Lotus products.

Watch Lynk & Co 03 Cyan Concept tear it up during testing in Spain

528 horsepower from a turbocharged 2.0L I4

528 horsepower from a turbocharged 2.0L I4.

Geely poaches Jaguar designer Wayne Burgess

Another big catch as Chinese automakers prepare to enter Western markets

Another big catch as Chinese automakers prepare to enter Western markets.

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