China’s Geely Automobile Holding is discussing with Aston Martin management and investors regarding a stake in the luxury carmaker that it wants to take, according to a source knowledgeable about the discussions and a report by the Financial Times, resulting in an increase in the British company’s share price. The Chinese group is carrying out […]
Zhejiang 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 made the discussion on the sidelines of China’s annual parliamentary meeting held in Beijing.
Chinese automaker Geely Automobile Holdings has been subjected to speculation about its political ties. The automaker has moved to dispel a widely held belief its chairman’s wife was related to Xi Jinping, who is the President of China. The automaker, which owns a stake in Daimler and the firm that makes London black cabs, disclosed […]
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 continued effort to assist Proton establish a presence in China and other worldwide markets. In order to take Proton beyond Malaysia, Zhejiang Geely Holding Group […]
Li Shufu, the founder and main owner of China’s Geely, is not seeking impact over Daimler’s strategy through representation on its board after building up a stake of nearly 10 percent in the German automaker, according to a newspaper interview. “I respect the values and culture of Daimler. I have never asked for a seat […]
Daimler and its Chinese partner BAIC plan to invest nearly $2 billion in a cutting edge factory in China, highlighting their relationship as competing Geely makes a surprise swoop on the German automaker. The two will invest over 11.9 billion yuan ($1.88 billion) in improving a plant to develop premium Mercedes-Benz vehicles consisting of electric […]
Chinese automaker Geely will reveal the very first design in its new global car brand, Lynk & Co, on Thursday, a compact SUV that it hopes will attract metropolitan customers due to a function that makes it possible for owners to rent it out to others when not being used. The brand belongs to Geely’s […]
In case you have not noticed just yet, the Swedish automaker, Volvo, now belongs to a Chinese man by the name Li Shufu. As it turns out, this man also owns the Chinese automotive brand, Geely. Volvo is now reportedly working on a revival plan that will last through the next five years, during which […]