Geely Automobile Holdings Ltd

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Geely Automobile Holdings Ltd. is an investment holding company, which engages in the research, production, marketing and sale of sedans and related automobile components. It operates through the following geographical segments: People's Republic of China, Malaysia, Eastern Europe, Middle East, Africa, Central and South America, and Other Countries. The company was founded on January 1, 1973 and is headquartered in Hong Kong.

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Global electric car sales Feb. 2023 were up 49% YoY to 14% share. China sales up 56% YoY to 33% share. Europe up 14% YoY to 20% share. EV market news - EV demand sentiment was weighed on by some automakers in China heavily discounting ICE vehicles in advance of new emissions standards due July 1, 2023.

EV Company News For The Month Of March 2023

China's Meizu on Thursday unveiled its first smartphone products since it was taken over by a venture belonging to Zhejiang Geely Holding's (GEELY.UL) founder, with the firms saying it marked their first step to integrating consumer electronics and travel.

China's Meizu unveils first smartphones since deal with Geely founder

For 2023, Geely set a sales target of 1.65 million units and said it aims to double the share of new energy and electrified vehicle sales.

Geely shares jump after automaker beats revenue expectations for 2022

Volkswagen AG

The electric vehicle industry has already passed $1 trillion in sales and is heading much higher. Leading the pack is, of course, Tesla (NASDAQ: TSLA ), which has become a dominant threat to every other auto company out there.

5 Tesla Killers Worth a Spot in Your 2023 Stock Portfolio

French car maker Renault SA signed a deal with Aramco and China's Geely Automobile Holdings Ltd in which the Saudi oil producer would become a potential minority stakeholder in a new powertrain technology company, the companies said in a joint statement on Thursday.

Renault, Geely ink pact with Aramco for engine venture

Dhahran, Saudi Arabia, Hangzhou, Hong Kong SAR, China, Boulogne-Billancourt, France, March 02, 2023 — Aramco has signed a letter of intent to become a potential minority stakeholder in a new powertrain technology company (PWT), to be established by Geely Holding Group (Geely Holding), Geely Automobile Holdings Limited (Geely Auto HK.0175) — collectively referred to as “Geely” — and Renault Group. The new company will be dedicated to internal combustion and hybrid powertrain technologies.

RENAULT GROUP: Aramco signs letter of intent with Geely and Renault Group for new powertrain company to focus on lower emission technologies

Geely-backed electric car brand Zeekr said Monday it's now valued at $13 billion after a $750 million raise from Chinese battery giant CATL and others.

Chinese EV brand Zeekr is now worth more than Xpeng

Zeekr, the electric car brand of China's Geely Automobile Holdings , is raising $750 million from five new and existing investors in a funding round that values the brand at $13 billion.

Geely's EV brand Zeekr raises $750 million in fresh funding round

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Global electric car sales Dec. 2022 were an estimated 1.1 million+. China sales up 83% YoY to 30% share. Europe up 147% YoY to 38% share. US ~7% share. EV market news - UK's petrol and diesel sales eroded as EV sales surged 40% in 2022. China new-energy vehicle sales, shipments nearly doubled in 2022.

EV Company News For The Month Of January 2023

Volvo AB

Volvo Cars is gearing up for an electric blitz to convert all its mainstay models - three SUVs and two sedans - into electric vehicles and to introduce a luxury electric van aimed at boosting sales in Asia, two people with knowledge of the plans said.

Exclusive: Volvo readies EV blitz in biggest product revamp under Geely

London Electric Vehicle Company (LEVC), the black cab maker owned by Chinese car maker Geely, has announced pans to become a “zero carbon mobility company”, by branching out from taxi manufacturing. “We will build on LEVC's unrivalled heritage and grow beyond high-end taxi manufacturing, delivering smart, green, safe and accessible mobility to more customers,” said Alex Nan, chief executive officer of LEVC, said in a statement.

London black cab manufacturer to branch out into EVs

China's Geely is planning a big investment to turn the maker of London's iconic black taxis into a high-volume, all-electric brand with a range of commercial and passenger vehicles, executives at the unit told Reuters.

Exclusive: Geely plans to turn maker of London black cabs into EV powerhouse

Renault SA and China's Geely Automobile Holdings are working to finalize a deal to bring Saudi Arabian state oil producer Aramco in as an investor and partner to develop and supply gasoline engines and hybrid technologies, three people with knowledge of the talks said.

Exclusive: Renault, Geely look to bring Aramco into engine venture - sources

Chinese electric vehicle brand Zeekr aims to double sales in 2023 to about 140,000 vehicles and plans to expand sales in Europe, Chief Executive Andy An told Reuters on Thursday.

Geely's EV brand Zeekr aims to double sales in 2023, expand in Europe

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Global electric car sales Nov. 2022 were an estimated 1million+. China sales up 50% YoY to 35% share. Europe up 26% YoY to ~28% share. US ~6% share. EV market news - By 2029, electric vehicles could account for a third of the North American market and about 26% of vehicles produced worldwide.

EV Company News For The Month Of December 2022

Geely Auto Holdings is a leading Chinese ICE car maker transitioning from ICE to BEV by freezing ICE manufacture and rapidly expanding BEV production in new companies.

Geely Auto Holdings And The Electrification Of Transport

This article was produced and syndicated by Wealth of Geeks.

Chinese EV Brand Zeekr Seeks $10 Billion Valuation With Silent Listing

Zeekr, the premium electric car brand under China's Geely, said Tuesday it has confidentially filed for a U.S. initial public offering. If it goes through, it'll be the first major Chinese listing in the country in nearly two years, following China's effective ban of foreign IPOs.

Geely's electric car brand Zeekr files US IPO confidentially

Zeekr, a Chinese automobile brand specializing in electric cars owned by Geely Automobile Holdings Ltd, is aiming to raise more than $1 billion in a US initial public offering (IPO), according to a report by Reuters. The report, which cited three sources with direct knowledge of the matter, said Zeekr is seeking a valuation of more than $10 billion, compared to a $9 billion valuation in its maiden external fundraising last year.

Chinese EV maker Zeekr aiming to raise more than $1 billion in US initial public offering: report

Zeekr, Chinese automaker Geely's upmarket electric car brand, has confidentially filed for a U.S. initial public offering, aiming to raise more than $1 billion, three sources with direct knowledge of the matter told Reuters.

Exclusive: Geely's premium electric car brand Zeekr seeks over $1 billion in U.S IPO - sources

COVA Acquisition Corp

Geely-backed Ecarx says it expects to complete its U.S. SPAC listing by the end of this year, valuing the listed company at about $3.8 billion. Founded just five years ago, the smart car technology maker earned $415 million in revenue last year, mostly from Geely and its related companies.

Geely-Powered Mobility-Tech Firm Ecarx Nears Finish Line For U.S. Listing

Alphabet

Renault said it will spin off its electric vehicle (EV) arm, Ampere, via a separate stock market listing next year as part of plans to split the group into five new ‘teams'. Despite launching its first electric car in the 1930s, the French company has been overtaken by old and new rivals, so its new organisational structure is aimed to allow Ampere to produce a million EVs by 2031.

Renault to spin off EV arm Ampere, deepens partnerships with Google and Geely

The companies are forming a joint venture focused on gasoline-powered engines and hybrid technology, the latest example of auto makers sharing the burden of development costs as the industry grapples with the transition toward electric vehicles.

Renault to Pair Up With China's Geely in Combustion-Engine Venture

Volvo Car to sell 33% stake in Aurobay to Geely Holding

Renault SA and China's Geely said on Tuesday they have agreed to launch a new, equally held joint venture that will supply gasoline engines and hybrid technology to the brands they own as well as to other automakers.

Renault, Geely clinch deal for internal-combustion joint venture

News for Geely Automobile Holdings Ltd Stock (GELYY)