Geely
Volvo says demand is holding up despite COVID spike in Europe
Swedish carmaker Volvo Cars expects to hit its forecast of roughly flat sales year-on-year in the second half of 2020 even as a recent a surge in cases across Europe makes the outlook more uncertain, Chief Executive Hakan Samuelsson told Reuters. Volvo, bought by China's Geely Holding in 2010, has repositioned itself during Samuelsson's tenure as a premium carmaker with a range of popular sports utility vehicles (SUVs), taking on far larger rivals such as BMW and Mercedes .
Polestar plans to double showrooms this year and move into new markets
Polestar, the performance electric vehicle maker based in Sweden and owned by China's Geely, plans to double the number of showrooms in existing markets this year and expand to new countries in Asia and the Middle East, its CEO said on Tuesday. The automaker started producing its Polestar 2 sedans this year in China and sells them in China, Europe and the United States. It plans to expand its sales network and is looking at new markets in the Asia Pacific region and the Middle East, Chief Exec
Geely, with Volvo's help, plans to grow into a global auto giant
TAIZHOU, China/SHANGHAI (Reuters) - Chinese carmaker Geely plans to use a platform developed with input from Volvo to build new models in Malaysia for its partly owned Proton brand, a strategy that shows how it aims to accelerate its push to become China's first global auto giant. The yet-to-be-finalised plans for Proton are just one strand of a Geely project to revamp factories at home and abroad using joint platforms it has been perfecting with Volvo since 2013. Geely bought the Swedish bran
Volvo and owner Geely may tighten ties and create a global group
A combined company would preserve the distinct identity of each of the brands Volvo, Geely, Lynk & Co and Polestar, Volvo's electric brand. A deal would be subject to the approval by the boards and and shareholders of Geely and Volvo Cars, as well as by regulators.
Geely and Mercedes-Benz invest $780 million to make electric Smart cars
BEIJING/SHANGHAI (Reuters) - Zhejiang Geely Holding Group Co Ltd [GEELY.UL] and Mercedes-Benz on Wednesday said they would each invest 2.7 billion yuan (295.98 million pounds) in a China-based venture to build "premium and intelligent electrified" vehicles under the smart brand. The 50:50 venture has received regulatory approval and will be based in the Chinese coastal city of Ningbo, the Chinese and German automakers said in a statement. Like Mercedes-Benz, smart is a Daimler AG ma
Daimler and Volvo could jointly develop internal combustion engines
Luxury German carmaker Daimler and Volvo Cars, owned by China's Geely, are considering cooperating to cut the costs of developing combustion engines, a magazine reported on Sunday, citing unnamed company sources. The Automobilwoche weekly cited a Volvo manager as saying there were initial talks with Daimler, but no concrete plans, while a company spokesman said it was too early to talk about firm projects, although it was not excluding anybody. A Daimler spokesman said the company's
China's BAIC buying up Daimler stock to unseat Geely as top shareholder
BEIJING/HONG KONG/FRANKFURT (Reuters) - Daimler's main China joint venture partner BAIC Group has set in motion a plan to double its stake to around 10% and win a board seat in the German luxury car maker, as it aims to upstage rival Geely, two sources told Reuters. State-owned Beijing Automobile Group Co Ltd (BAIC), which already owns a 5% shareholding in Daimler, has started buying the German company's shares from the open market, said the sources who were briefed on the matter.
Lotus says it's hiring 200 new engineers in effort to expand
China's Geely continues to invest in the old British sports car brand.
China's Geely launches new premium electric car brand called Geometry
It has already received 26,000 orders for its first model.
Smart brand will be built in China as a Daimler-Geely joint
One more way automakers are aligning to make EVs profitable and affordable.
Lotus has a new sports car in the pipeline
The 2020 model will be cushier than usual Lotus products.
Watch Lynk & Co 03 Cyan Concept tear it up during testing in Spain
528 horsepower from a turbocharged 2.0L I4.
Geely poaches Jaguar designer Wayne Burgess
Another big catch as Chinese automakers prepare to enter Western markets.
Lotus cars to be 'Made in China' at new Geely plant, according to documents
It could mean more volume and new models.
Geely teases EV sedan that could someday come to America
It promises 'a focus on design, technology and performance.'