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Geely

Geely

China VC Weekly: Semiconductors, Auto Solutions and More

In last week’s China VC news, newly founded semiconductor maker Moore Threads raked in a mind-boggling pre-A round just 100 days after its founding, Geely-backed ECARX raised $200 million for global expansion and Shanghai-based Ocean Link secured commitments for a new travel and consumer tech-focused fund. Semiconductor firm Moore Threads…
bubmag
March 2, 2021
Geely

Automaker Geely gains approval for satellites for self-driving constellation

by Andrew Jones — February 26, 2021 A render of a satellite for the Geely satellite constellation for autonomous self-driving. Credit: Geely Chinese private automaker's plans follow central government policy shifts and development of new commercial space supply chains. HELSINKI — Chinese private automaker Geely has got the green light…
bubmag
February 26, 2021
Geely

Geely and Volvo Abort Merger, Will Set Up New Company to Combine Powertrain Units

Volvo Cars and Geely Auto, both owned by Zhejiang Geely Holding Group, will maintain their separate corporate structures. (Source: Geely) Volvo Cars and Geely Auto have canceled plans for a full merger, instead announcing areas of cooperation on electrification, software development and autonomous-driving technology to lower costs. The businesses, both…
bubmag
February 25, 2021
Geely

Chinese companies pivot to crypto, exchange network outage: Blockheads

(Image credit: TechNode/Xuewen Song) Licensed online banks belonging to Tencent and Ant Group will reportedly take part in digital yuan pilot tests, while another bank is developing a biometric hardware wallet for the digital currency. Geely, one of China’s largest automakers, is entering the blockchain space, and a Chinese tea…
bubmag
February 23, 2021
Geely

Geely to Set Up New Electric Vehicle Sales Unit: Report

Geely will establish an independent subsidiary, Lingling Technologies, this year to develop and manage its EV models. (Source: Geely) Zhejiang Geely Holding Group is planning to set up a separate unit to explore product development, marketing and sales of electric cars, Reuters reported citing people familiar with the matter. The…
bubmag
February 20, 2021