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British sports automaker Lotus said on Tuesday it will spend over two billion pounds ($2.78 billion) in new technology and in massively expanding production of its sports car models, and
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Jidu Auto, an electric vehicle venture between Baidu and Geely, aims to invest 50 billion yuan ($7.70 billion) into producing smart cars for the next five years, its CEO Xia
Sweden’s Polestar, the electric automaker controlled by Volvo Cars, and its parent, Geely, has raised $550 million in external funding, according to the company. The financing is Polestar’s first external
Zhejiang Geely Holding said on Wednesday its unit Volvo Cars would explore capital market options such as a potential initial public offering (IPO) and stock market listing. Geely purchased Volvo
Geely Automobile Holdings said on Tuesday it and its parent Zhejiang Geely Holding Group will establish a joint venture for electric vehicles (EV) and introduce a new brand called Zeekr.
Volvo Cars will get rid of all car models with internal combustion engines by 2030, including hybrids. The automaker is also preparing to invest heavily in online sales and simplifying
Chinese automaker Geely Holding prepares to bring flying car which will be developed by its aviation branch Wofei Changkong Technology with German air taxi developer Volocopter in China in about
Baidu Inc and Geely Holding hired Mobike co-founder and former chief technology officer Xia Yiping as chief executive of their new electric vehicle venture. Baidu last month had said it
Baidu has appointed a CEO and decided on a brand for its electric vehicle (EV) venture with Zhejiang Geely Holding, the Chinese search engine giant said on Thursday. Robin Li,
There are 80 to 100 workers at the headquarters of Terrafugia in Woburn, Massachusetts, and they have been let go, and as the company’s intellectual property and further development of
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