The Latest Breaking News from Geely

It's not known how much the Chinese automotive conglomerate paid.

Some 552,000 new passenger plug-in electric cars were registered in China in August, which is 92% more than a year ago.

Key Takeaways: China’s largest private auto group may acquire TuSimple’s Asia-Pacific business, allowing it to cut its China ties and alleviate U.S. national security concerns The company’s commercialization timeline has been thrown into doubt following an April accident that raised safety concerns

Apparently, this was the first sports coupe from China.

The Chinese automotive giant also reported an H1 revenue increase of 29 percent over last year, in spite of an overall sales volume drop, especially for ICE.

As the market leader for electric vehicles, Tesla Inc (NASDAQ: TSLA) is being pursued by other electric vehicle upstarts and legacy automakers. An electric vehicle company backed by a leading search engine in China is the latest to call out its potential to one day pass Tesla.

PFMoto, a new Chinese motorcycle company under the Geely group, is set to make its debut in the Chinese market on August 16, 2022.

It will be sold in the country through Geely's new adventure brand.

Based on Geely's pure electric Sustainable Experience Architecture (SEA), the Radar Auto RD6 will offer single and dual motor powertrain choices.

Baidu Inc. is China's highest-profile competitor in a multibillion-dollar race with Alphabet Inc.'s Waymo and General Motors Co.'s Cruise to create self-driving cars

Polestar says it will use the $890 million raised from the deal to fund its three-year plan to expand the product lineup and eventually become profitable.