∗Geely Archives

ECARX Secures $65M Prior to Listing in Merge With COVA Acquisition Corp

ECARX, a mobility technology company, announced on November 14 that it has entered into an agreement with SPDB International (Hong Kong) Limited and CNCB (Hong Kong) Investment Limited for $65 million of convertible senior notes due in 2025.

ECARX to Go Public in $3.82B Merger With COVA Acquisition

ECARX Holdings, Inc., a global mobility tech company, has entered into a merger agreement with COVA Acquisition Corp. and expects to be listed on the Nasdaq upon completion of the transaction.

Geely Releases Second Hybrid Model

The Geely Emgrand L Hi • X compact sedan was officially unveiled on Thursday. This is Geely's second hybrid model and also the first with the 1.5 TD-3DHT Leishen system.

Farasis Energy Plans to Mass-Produce Batteries for Geely in 2023

Lithium-ion battery firm Farasis Energy said on Monday that its passenger vehicle and cooperative commercial vehicle platform, operated in cooperation with Geely, has been running smoothly, adding that it plans to initiate the mass production of Geely batteries in 2023.

Geely and Renault to Announce Hybrid Auto JV for Asia

Geely Holding and France's Renault are likely to soon announce a deal to jointly produce the Chinese automaker's hybrid vehicles in South Korea and look at possibly exporting the vehicles duty-free to the United States.

Geely Chairman Li Shufu’s Shareholding in Smartphone Company Falls to 6.77%

According to Tianyancha App, Li Shufu, founder and Chairman of Geely Group, substantially reduced his shareholding ratio in Hubei Xingji Times Technology Co., Ltd., a smartphone company he had founded, from 55% to 6.77%.

Geely-backed Caocao Mobility Changes Legal Representative

Hangzhou Youxing Technology Co., Ltd., the parent company of Caocao Mobility, has recently completed a change in legal representation. As a result, Liu Jinliang will no longer serve as its legal representative.

Geely Auto Group’s World-First 3-Gear Hybrid DHT Pro Enters Mass Production

Geely Auto Group announced on December 7 that its world-first 3-gear hybrid electric drive DHT Pro has entered mass production and rolled off the line at the Raytheon DHT Pro Micron Factory at the end of November 2021.

JiDU Automobile Announces Patent for Autonomous Driving System

According to Tianyancha APP, on Friday, JiDU Automobile, a joint venture between Baidu and Geely, applied for an autonomous driving patent.

Geely Group to Launch Converged Online Car-Hailing Platform ‘Xingfu Qianwanjia’

Geely will launch a converged online car-hailing platform called 'Xingfu Qianwanjia', which means 'bringing happiness to tens of thousands of families' in Chinese.

Chinese Auto Giant Geely Launches New Electric Semi Truck Called Homtruck

On Monday, Geely’s new energy commercial vehicle group, Farizon Auto, unveiled a luxury electric semi truck – the "Homtruck" – now open for pre-orders with production and first deliveries planned for early 2024.

Geely’s Smartphone Factory to be Situated in Wuhan, R&D Center in Shanghai

The IT Times reported on Monday that Geely has set up a mobile phone research and development center in Shanghai and will build its own factory in Wuhan, Hubei Province.

Chinese Ride-Hailing Platform Caocao Chuxing Receives 3.8 Billion Yuan in Funding, Sets Headquarters in Suzhou

Caocao Chuxing, the ride-hailing arm of automaker Geely, announced the completion of Round B financing worth 3.8 billion yuan ($589 million) on Monday.

Alibaba to Invest 100 Billion Yuan by 2025 in Support of Common Prosperity

Alibaba will invest 100 billion yuan ($15.5 billion) by 2025 in support of the country's goal of common prosperity, becoming the latest corporate giant to pledge support for the initiative.

Geely and Renault to Jointly Explore Hybrid Vehicles for Chinese and South Korean Markets

Car manufacturers Geely and Renault said on Monday they would jointly work to develop petrol-electric hybrid vehicles for core fast-growing markets such as China and South Korea.

Baidu-Geely EV Venture to Unveil First Model Priced Above $31,000 Next Year

Jidu Auto, the joint electric vehicle (EV) venture between Chinese search and AI giant Baidu and automaker Geely, will unveil its first model at the 2022 Beijing Auto Show, according to its top executive.

Geely in Talks to Sell Zeekr EVs at Home Appliance Giant Haier’s Stores: Report

Geely Automobile Holdings is in talks with home appliance manufacturer Haier Group to sell the first model of its new electric vehicle (EV) brand at the latter's stores, according to Chinese media.

Chinese Automakers Pledge To Meet Carbon Reduction Goals Ahead of Country’s 2060 Target

China’s automotive industry is aiming to double down on efforts to peak carbon dioxide (CO2) emissions by 2028 and achieve near-zero carbon emissions by 2050, a full decade before the country’s 2060 carbon neutrality goal.

Geely to Establish Aerospace Company in Guangzhou, Aiming to Develop Satellites and Communications Equipment

Chinese leading automaker Zhejiang Geely Holding Group announced on Tuesday that it plans to establish a commercial aerospace company in Nansha District of Guangzhou.

Global Chip Shortage to Interrupt Volvo’s Production in China and the US

Volvo Cars said on Wednesday that they will suspend or adjust production at their factories in China and the United States this month, citing a global chip shortage.

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