Geely Automobile Holdings stated on Friday it raised HK$6.48 billion ($836 million) from a share placement as the Chinese automaker looks to refill its coffers to finance growth in the …
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Geely Holding
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China’s Geely Holding will explore the possibility of deeper cooperation with German automaker Daimler AG, its Chairman Li Shufu stated on Friday. Geely built a 9.69% stake in Daimler in …
- Geely
Geely starts online auto sales as coronavirus keeps buyers at home
by David Bondby David BondChinese automaker Geely has started a service for customers to purchase cars online and get them delivered directly to their residences, as the coronavirus outbreak has urged buyers to avoid …
- GeelyMercedes-Benz
Geely, Mercedes-Benz launch $780 million JV for electric cars
by David Bondby David BondZhejiang Geely Holding Group and Mercedes-Benz on Wednesday stated they would each spend 2.7 billion yuan ($388.77 million) in a China-based venture to construct “premium and intelligent electrified” vehicles under …
- Geely
China auto industry faces restructuring in next 3-5 years, says Geely
by David Bondby David BondZhejiang Geely Holding’s Chairman, Li Shufu, stated on Wednesday China’s automotive industry deals with restructuring and bankruptcies in the next three to five years as the industry modifies itself. Li …
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Chinese automaker Geely has agreed to expand its present partnership with Proton Holdings Berhad to upgrade the Malaysia automaker’s line-up of vehicles and power Proton go beyond Malaysia, part of …
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Volvo Cars is increasing its investment twice in its first U.S. plant under construction to include a second production line at an overall cost of $1 billion, a source with …
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All Volvo vehicle models introduced after 2019 will be electric or hybrids, the automaker stated on Wednesday, making it the first significant traditional automaker to schedule a date for phasing …
