geely

Geely to Set Up New Electric Vehicle Sales Unit: Report

China’s Zhejiang Geely Holding Group plans to set up a separate unit to explore marketing and sales of electric cars, Reuters reported citing people familiar with the matter.

Faraday Future in Funding Talks with Geely, Evergrande to Push EV Production in China

Electric vehicle startup Faraday Future is ramping up efforts to launch its fully electric vehicles in China and seeking a new round of financing, according to multiple reports.

China’s Tech Giants Are Back to Work, and Here Is How They Did It

Employees of some large enterprises have returned to offices after roughly two months of working from home. Yet, resumption of normal operations has come at a price for Chinese companies.

Geely Invests in Flying Taxi Company Volocopter

Chinese automotive company Geely led a Series C financing round of $55 million into German flying taxi company Volocopter.

Geely and Daimler Establish Joint Venture To Develop Smart

The Chinese automobile company Geely Holding Group (Geely) and the German Daimler AG (Daimler) announced on Mar. 28 the formation of a 50-50 global joint venture to develop and operate smart brand.

Daimler to launch premium ride-hailing services in China with Geely

German carmaker Daimler announced Wednesday that it will start a 50-50 joint venture with Geely Group, a Chinese automotive manufacturing company, to provide premium ride-hailing services in several Chinese cities.

China’s Geely Invests $9B in Daimler: Alliances in the Changing Automotive Industry

On the afternoon of February 24, German auto giant Daimler released an investor relation announcement on its official website welcoming new long-term shareholders. The announcement disclosed that China’s Geely Holding Group Chairman Li Shufu has acquired 103.6 million shares of Daimler stock, accounting for 9.69 percent of equity.

Geely Chairman Says Flying Cars to Launch in 2019

Li Shufu said Geely, Volvo and other car companies are jointly developing an open electric model under the code PMA. “We’ve learned from Google’s Android, and PMA’s pure electric module is open,” Li said.

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