Lotus Technology, owned by Geely and backed by Nio, appoints ex-Jefferies exec as CFO
Lotus Technology announced on August 31 that it had received an investment from Nio Capital, the venture capital arm of Nio.
Geely’s Lotus forms new firm in China and secures Nio Capital investment
Lotus announced Nio Capital, the venture capital arm of Nio, as its investor, without disclosing the exact amount of investment or the valuation.
Geely to build $1.6 billion LFP battery facility in Hunan
The project's ten-year total output is expected to be RMB 70 billion, and the ten-year total output after completion of the first phase is…
Geely’s ride-hailing arm Caocao reportedly gets RMB billions in new funding
If it is true, the financing would be the first local equity financing in China's ride-hailing industry in 2021, an ice-breaking move after…
Geely discloses patent for autonomous driving controls
"The invention provides a safe and comfortable method of parking for autonomous driving control," the patent abstract states.
Geely aims for 3.65 million sales by 2025, with EVs accounting for over 30%
Geely wants to be No. 1 in China in terms of market share by 2025. Zeekr aims to reach 650,000 units sold by then and have a top-three global…
Carmakers, including Geely and WM Motor, call for regulating flow of used EV batteries
Car companies including Geely, WM Motor, Hozon Auto and Leap Motor have joined with battery companies to issue a statement calling for…
Geely sold 7,794 NEVs in July, up 22% year-over-year
Geely's new energy vehicle sales in July were 7,794 units, up 22 percent year-over-year, according to figures released by the Chinese auto…
Geely looks to expand presence in overseas markets through new partnership
Geely said it entered into a strategic partnership with international auto retail giant Inchcape Group on July 26 to jointly tap global markets.
Geely donates about $4.64 million in cash and equipment to flood-stricken Henan
This includes RMB 25 million in cash and RMB 5 million worth of three industrial-grade drones and auxiliary equipment from Geely's Aerofugia…