Category

Geely

Geely

Geely builds satellites to guide autonomous vehicles

Chinese carmaker Geely is aiming to manufacture 500 satellites per year in order to create a high-precision navigation network for guiding autonomous vehicles. With the move, the privately-owned automaker is entering a field in China that’s long been dominated by the military. Geely’s mass production of a range of different…
bubmag
October 6, 2021
Geely

Geely Wants to Join Competitive Smartphone Market

Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus…
bubmag
September 28, 2021
Geely

Leading Auto Company Geely Holdings Now Plans to Make Smartphones

(Source: Shutterstock) Li Shufu, Chairman of Geely Holding Group, has founded a new company and signed a strategic cooperation agreement with the Wuhan Economic & Technological Development Zone (WEDZ), officially announcing its new smartphone business, the Hubei provincial government announced on Tuesday via Weibo. The project is headquartered at WEDZ…
bubmag
September 28, 2021
Geely

Electric car company Polestar is going public via SPAC

Polestar, the Swedish electric car company that is a joint venture between Volvo and Geely, is going public by merging with a special purpose acquisition company, or SPAC. Polestar is the latest EV company — and futuristic transportation company — to go public via a reverse merger with a so-called…
bubmag
September 27, 2021
Geely

Geely’s ride-hailer Cao Cao to seek new funds: report

Cao Cao Mobility, the ride-hailing unit of Chinese automaker Geely, plans to complete a new funding round in the first half of 2022, Bloomberg reported Monday, citing the company’s CEO Gong Xin. Earlier this month, Cao Cao raised $590 million from state-owned enterprises. Gong said the company might seek an…
bubmag
September 27, 2021
Geely

Geely and NIO models among top Euro NCAP performers

The Lynk & Co 01 has obtained 5 stars in the European New Car Assessment Programme (Euro NCAP) tests. — Picture courtesy of Euro NCAP PARIS, Sept 14 — Two vehicle models from Chinese automakers have just received top marks in the latest crash test results from the European New…
bubmag
September 14, 2021
Geely

Geely’s ride-hailing unit Cao Cao secures $590 million in Series B

Geely showcased a ride-hailing fleet branded Cao Cao in the eastern Chinese city of Suzhou on Monday, September 6, 2021. (Image credit: Geely) Cao Cao Mobility, the ride-hailing unit of Chinese private automaker Geely, announced Monday that it had raised RMB 3.8 billion ($589 million) from investors led by a…
bubmag
September 7, 2021