On Sept 10, Geely Auto Group unveiled a suite of nearly ten cutting-edge electrified vehicle models at the EVA Frankfurt. [Photo provided to chinadaily.com.cn] On Sept 10, Geely Auto Group unveiled a suite of nearly ten cutting-edge electrified vehicle models at the EVA Frankfurt under the banners of its three distinguished brands—Geely, Lynk & Co, … Continue reading Geely showcases new electrified models at Frankfurt expo
Tag: geely
Jidu relies on fine origins to compete in EV market
Jidu Auto launches the 07 sedan on Sept 10, 2024. [Photo provided to chinadaily.com.cn] Jidu Auto, a joint venture between Chinese tech giant Baidu and leading automaker Geely, launched its second model, the 07, on Wednesday, with a starting price of 199,000 yuan ($27,950). The electric car benefits from its parent companies’ resources and battery … Continue reading Jidu relies on fine origins to compete in EV market
Automakers pushing back against European Union’s plan for tariffs
The SAIC Anji cargo ship exports vehicles from Yantai Port in Shandong province on May 15. [TANG KE/FOR CHINA DAILY] Chinese carmakers and the country’s leading auto association have expressed opposition to the EU’s latest draft plan on charging extra duties on China-made EVs but said they remain committed to exploring European markets. In July, … Continue reading Automakers pushing back against European Union’s plan for tariffs
Geely’s H1 revenue hits record high
The Geely logo is seen on a rim at a car dealership in Shanghai, on Aug 17, 2021. [Photo/Agencies] Geely Automobile Holdings saw its operating revenue hit a record 107.3 billion yuan ($15.05 billion) in the first half this year, soaring 46.6 percent year-on-year, said the Hong Kong-listed carmaker on Wednesday. The Chinese conglomerate delivered … Continue reading Geely’s H1 revenue hits record high
Chinese vehicles made in EU keep costs edge
BYD’s electric models attract visitors at a new energy auto expo in Beijing. [Photo by A QING /FOR CHINA DAILY] Chinese electric vehicle makers like BYD and Chery are charging up production in the European Union to dodge tariffs. On paper, they have an edge, but how long they keep their pole position will hinge … Continue reading Chinese vehicles made in EU keep costs edge
Chinese automaker Geely reports 56% revenue growth in Q1
Visitors watch an AI digital chassis of Geely at the 2024 Beijing International Automotive Exhibition in Beijing, China, April 30, 2024. [Photo/Xinhua] SHANGHAI — Chinese automaker Geely Automobile Holdings Limited reported year-on-year revenue growth of 56 percent in the first quarter (Q1) of this year, with its net income soaring 119 percent during the period, … Continue reading Chinese automaker Geely reports 56% revenue growth in Q1
Saudi Aramco acquires 10% equity interest in Geely-Renault joint venture company
Visitors gather at Saudi Aramco’s booth during an expo in Abu Dhabi, the United Arab Emirates. [Photo/Agencies] RIYADH — Saudi Arabian Oil Company, commonly known as Saudi Aramco, has signed definitive agreements to acquire a 10 percent equity interest in HORSE Powertrain Limited, a global powertrain solutions company formed by Renault Group and Chinese automaker … Continue reading Saudi Aramco acquires 10% equity interest in Geely-Renault joint venture company
Malaysian auto hub in pipeline after Geely revives Proton brand
Employees work at the reception of Proton’s manufacturing base in Tanjung Malim, Malaysia, in May. [CHINA DAILY] Chinese carmaker Geely Holding Group and Malaysian conglomerate DRB-Hicom are revving up efforts to build a high-tech automotive park that will make the Southeast Asian nation a regional power in the era of smart new energy vehicles. The … Continue reading Malaysian auto hub in pipeline after Geely revives Proton brand