Geely

Polestar (Nasdaq: PSNY) announces that Geely Sweden Holdings AB and Volvo Cars completed previously announced debt-to-equity conversions. On 30 June 2026, approximately USD 300 million and USD 66 million of their respective outstanding shareholder loans were converted into Polestars equity. This brings the total of debt converted by the parties…

Nigeria’s automotive industry reached another important milestone. TIM Motors officially launched the premium new-energy vehicle brand Geely Galaxy of the Geely Auto Group at an exclusive unveiling event in Lagos, themed “Powering the Future”. The launch marked the official introduction of the Geely Galaxy brand into the Nigerian market with…

China’s Geely Automobile Group plans to begin making electric vehicles at Malaysian partner Proton’s factory as early as the first half of 2027, aiming to tap higher demand brought on by the oil crisis, as momentum slows at home. Zeekr, Geely’s premium sub-brand, is preparing to use an existing Proton line…

Chinese automaker Geely Auto has officially launched the all-new Geely Coolray in South Africa, entering one of the country’s most fiercely contested vehicle segments dominated by models such as the Chery Tiggo 4 Pro, Haval Jolion, Toyota Corolla Cross, Volkswagen T-Cross, Kia Sonet and Hyundai Creta. The newcomer arrives as…

VALENSIA, SPAIN – Media OutReach Newswire – 16 June 2026 – Geely Cyan Racing delivered a landmark result at the second round of the 2026 Kumho FIA TCR World Tour in Valencia, Spain, where Santiago Urrutia claimed victory in all three races with the Geely Preface TCR. The achievement marked…

TL;DR Geely will close, merge, or sell redundant factories as it shifts from China’s price war to an international push, with overseas sales up 158%. Geely Auto chairman Li Shufu told the Chongqing Auto Show on Friday that the company will assess excess capacity across all its units and determine…

Guangzhou Automobile Group (GAC), a major Chinese state-owned automaker, is struggling with intense price competition in the electric vehicle market, reporting losses of RMB 8,300 (USD 1,221.8) per vehicle sold under its brands at one point in 2025. The rapid deterioration in the company’s performance could impact negotiations over its…

The all-new 2027 Volvo EX60 is rolling off the line in Sweden, so what’s next for the premium automaker that’s a niche player on the global stage? “We need more cars,” said Volvo CEO Hakan Samuelsson. And by cars, he means electric vehicles, a pursuit that flies in the face…

TL;DR Waymo has opened its sixth-generation Ojai robotaxi to select riders in San Francisco, Los Angeles, and Phoenix. Built by Geely’s Zeekr in China, the Ojai cuts sensor count by 42% and costs roughly $75,000 less per unit than the Jaguar I-PACE it replaces. Waymo has started offering rides to…

2026 marks the 70th anniversary of China’s space program. 70 years ago, China began building its space capabilities. In 1970, its first artificial Earth satellite, Dongfanghong-1, was successfully launched from Jiuquan, making China the fifth country in the world, after the now-defunct Soviet Union, the US, France, and Japan, to…