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The Latest Breaking News from Geely

Geely Acquires Major Stake in Smartphone Maker Which Has Alibaba Connection

Billionaire Li Shufu controlled satellite-to-automobile group Geely Automobile Holdings Ltd (OTC:GELYY), purchased a majority stake in Chinese smartphone maker Meizu Technology Co, the Caixin Global reports. Geely's Hubei Xingji Shidai Technology Co division bought a 79% stake in Meizu from Meizu's founder and a unit of Alibaba Group Holding Limited (NYSE:BABA). The financial terms of…

Benzinga

Geely Founder Li Shufu Takes Control of Smartphone Maker Meizu

Meizu founder Huang Zhang will retain a 9.79% stake while Alibaba’s Taobao is dumping its entire 27.23% holding

Caixin Global

Key Takeaways From Baidu's First EV Launch

Baidu, Inc (NASDAQ:BIDU) electric vehicle arm Jidu Auto launched a "robot" concept car via an online press conference held on Baidu's metaverse-themed app Xirang. It is the first vehicle to be revealed by a Chinese internet company. The concept car is free of door handles and is fully controlled via voice recognition, Reuters reports.…

Benzinga

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China: Zeekr Celebrates Delivery of 20,000th Zeekr 001

Zeekr, a new Chinese all-electric car brand (part of Geely), delivered its 20,000th electric car, since sales started in October.

InsideEVs

These Nine Chinese Auto Companies Are Ready To Conquer The World

Ranking the primary Chinese automakers by sales volume offers some realizations and surprises.

Motor1

Another Chinese Car Tech Company Aspires To Go Public Via SPAC Merger After DiDi's Debacle

Billionaire Li Shufu-backed car technology company Ecarx Holdings Inc looks to go public via a special purpose acquisition company (SPAC) merger with Cova Acquisition Corp (NASDAQ:COVA). Ecarx, founded in 2017 by Geely Automobile Holdings Ltd's (OTC:GELYY) Shufu and Ziyu Shen, develops software and hardware like digital cockpit and infotainment systems for cars, Bloomberg reports. Ecarx serves both combustion-powered vehicles…

Benzinga

Renault Received Partnership Proposals For Planned ICE Unit: Report

The carmaker is said to have already received partnership demands for its proposed internal combustion engine division, but no names have transpired so far.

InsideEVs

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Geely Takes One-Third Stake in Renault’s Korean JV

Chinese auto giant invests $207 million, gets two board seats and will provide technology and products for vehicles to hit market in 2024

Caixin Global

Geely Automobile Takes Stake In Renault Korea For $200M: Reuters

China's Geely Automobile is set to acquire over a third of Renault SA (OTC:RNLSY) Korea unit for about $200 million, Reuters reported. The move is expected to boost Renault's U.S. exports and make way for investment in its electric business. Geely's stake deal follows an announcement by the two companies in January to develop hybrid…

Benzinga

China: Zeekr Delivered Over 8,000 Cars In Q1 2022

Zeekr, one of the latest Chinese all-electric brands (part of Geely), has slowed down a bit after its outstanding start in late 2021.

InsideEVs

Smart Announces Date Of Smart #1 Electric Compact SUV Premiere

smart announced that the reveal of the all-new, all-electric smart #1 model will take place on April 7, 2022 at STATION-Berlin, Germany.

InsideEVs

2023 Smart #1 Teased For The Last Time Ahead Of April 7 Premiere

The biggest Smart ever will be a crossover, of course.

Motor1

Lotus Eletre To Weigh 4,400 LBS, 900 HP Version Coming: Report

If it does weigh 2,000 kg, it'll be heavier than two Elise sports cars but still light for its segment.

Motor1

Lotus Eletre EV SUV Swaps Lightness For LiDAR

The new electric SUV from Lotus has 600 horsepower, sprints to 62 mph (100 km/h) in under 3 seconds.

InsideEVs

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The Guardian - UK

Håkan Samuelsson: outgoing Volvo boss and electric car pioneer

Having ensured the Swedish firm led the switch away from fossil fuels, its former boss is full of praise for Tesla – but has no regrets about filling city streets with SUVs

InsideEVs

Netherlands: January Brings A 100% Geely-Volvo Plug-In Podium Finish

Despite the fact that the overall new car registrations in the Netherlands were down about 11% year-over-year in January, plug-ins are growing surprisingly fast.

Motor1

Smart #1 Is Really The Name Of This New Crossover EV

This is the first product between the joint venture between Mercedes-Benz and Geely for the reorganized Smart brand.

Caixin Global

Baidu, Geely EV Venture Raises $400 Million of Fresh Funding

Jidu Auto partnership to pour the funding into R&D and mass production of its first self-driving auto

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InsideEVs

Report: Geely's Farizon Enters Electric Pickup Segment

Electric pickups from China? Geely's commercial vehicle brand, Farizon Auto, is reportedly working on one.

InsideEVs

Baidu-Backed JiDu Teases Level 4 ‘Robocar’ Concept

This company started by Baidu and supported by Geely wants to put its “Robocar” into production in 2023.

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