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The China News Database was last updated at 01:50PM on November 9, 2023.
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149 articles matching the search query.
Geely Urges Scrapping of Costly Ban on Rail Transport of Electric Vehicle Batteries
CEO Li Shufu makes plea to government as China’s EV makers look to boost overland exports to booming European market
Volvo to Take Control of China Operations From Parent Geely
(Bloomberg) -- Volvo Cars has agreed to take control of its China ventures from parent Geely Automobile Holdings Ltd., potentially boosting its valuation ahead of a planned share sale.The deal will make Volvo the first major foreign automaker to gain full control over its Chinese operations, the Swedish company’s Chief Executive Officer Hakan Samuelsson said in a statement Wednesday. The companies declined to comment on terms of the deal.Next year, China is set to remove the 50% cap on foreign a
Geely’s European car collection is too eccentric
The Chinese rescuer of Lotus and London black cabs might inject funds into Aston Martin, James Bond’s favoured ride. Founder Li Shufu had some success with Volvo, but with his home market under pressure, becoming a collector of genteel money-losers is an unwelcome distraction.
Geely Automobile Withdraws Shanghai Star Board Listing Application
Geely Automobile Holdings Ltd. has decided to withdraw its application for a proposed yuan share issue on Shanghai’s Nasdaq-style Star board, citing the “company’s business decisions and strategic adjustments,” according to a Hong Kong stock exchange filing Friday.
As Cars Go Electric, China Builds a Big Lead in Factories
Fueled with money from Wall Street and local officials, automakers plan to build eight million electric cars a year there, more than Europe and North America combined.
German air taxi firm Volocopter eyes China expansion with Geely venture
The company aims to marry its electric vertical take-off and landing technology with Geely’s mass production capabilities to ‘create a scalable business model for production and operations’.
Baidu will charge for robotaxis in Beijing, the first in China to do so
Baidu will allow people to order autonomous taxis on May 2 in an industrial park in western Beijing as competition heats up in the race to develop autonomous driving tech.
China's Geely Weighs Reviving IPO of $20 Billion Volvo Cars
China’s Zhejiang Geely Holding Group Co. is considering reviving plans for an initial public offering of its Volvo Cars unit that could value the business at around $20 billion, people familiar with the matter said.
China's Geely to set up new aerospace company
China's Zhejiang Geely Holding Group plans to set up a commercial aerospace company to develop its satellite and communications technologies in the southern city of Guangzhou, local government said on Tuesday.
South Korea's SK says investing in $300 million mobility fund with China's Geely
South Korea's SK Holdings Co Ltd said on Thursday it and China's Zhejiang Geely Holding Group Co Ltd will each invest $30 million in a new mobility investment fund whose size they plan will reach $300 million in total.
Geely’s Lynk & Co. Sets Sights on U.S. for Car Sharing Concept
Lynk & Co. is eyeing an expansion of its novel approach of vehicle ownership and car sharing to the U.S. as the brand backed by Volvo Cars and China’s Geely Automobile Holdings Ltd. prepares to deliver its first vehicles in Europe.
Electric-vehicle maker Faraday Future to go public via a $3.4 billion SPAC deal
Faraday Future will go public through a merger with Property Solutions Acquisition.
China's Geely to help bankroll Faraday Future SPAC deal: sources
Chinese automaker Geely will be an anchor investor in a plan by U.S. electric vehicle firm Faraday Future to go public through a merger with a blank-check acquisition company, two people familiar with the matter said.
China's Geely teams up with Tencent on smart car tech
China's Zhejiang Geely Holding Group, which owns Volvo Cars and holds 9.7% of Daimler, said on Tuesday it has signed an agreement with Tencent Holdings Ltd to develop smart vehicle cockpit and autonomous driving.
China's Baidu to create an intelligent EV company with automaker Geely
China's search engine giant Baidu Inc said on Monday it will set up a company to partner with car maker Zhejiang Geely Holding Group to make smart electric vehicles (EV), the latest move by a tech company in the fast-evolving sector.