Geely

On July 31st, it was announced at Geely Automobile‘s internal conference that CEO Gan Jia Yue revealed that Geely Automobile has developed a fully self-developed AI large-scale model technology and will be released to the public in the second half of this year. This model will be the “world’s first…

Chinese Farizon, the maker of electric and hybrid trucks which is owned by automaker Geely Chinese Farizon, the maker of electric and hybrid trucks which is owned by automaker Geely, has raised $600 million in a Series-A funding round, the company said in a statement. The Hangzhou-based company, which produces…

Lotus, a British luxury sports car brand that became majority-owned by Chinese automaker Geely in 2017, is set to reduce its workforce by up to 200 staff. On July 24, Lotus China clarified that the layoffs primarily target the sports car operations department in the UK and will not affect…

Farizon Auto, a Chinese electric and hybrid truck manufacturer owned by Geely, announced that it has raised $600 million in its Series A funding round. The largest-ever single round of financing in China’s new energy commercial vehicle sector is led by Boyu Capital and Yuexiu Industrial Fund, with additional contributions…

Farizon, a maker of hybrid and electric trucks owned by China’s Geely, has closed a $600 million Series A raise, the company said in a statement. The Hangzhou-based company plans to use the funds to expand its operations outside of China. A key focus for Farizon’s expansion will be Europe,…

Chinese automaker Geely will invest $10 billion and add thousands of jobs in the town of Tanjung Malim in western Malaysia, home of national carmaker Proton, a Reuters report quoted Prime Minister Anwar Ibrahim as saying on Tuesday. The investment plan was delivered to Anwar in a letter from Geely,…

Smart, an electric vehicle maker jointly established by Mercedes-Benz and Geely, announced its plan to raise Series A funding worth $250 to $300 million. The fundraising, led by Chinese new energy materials company Tianqi Lithium with a planned investment of $150 million, is aimed at accelerating Smart’s development in the…

Celebrity barman Cubana Chief Priest adds Rolls-Royce Cullinan worth N350 Million to his car collection. Cullinan joins his Toyota Land Cruiser 300, a Geely Emgrand X7 and a CoolRay and a Mercedes G-Class. He has also shared pictures of himself posing with a Rolls-Royce Wraith, Lexus LX 570 and Toyota…

Chinese automaker Geely and French car manufacturer Renault announced on Tuesday their plans to establish a new joint venture with an investment of up to 7 billion euros ($7.71 billion). The JV, which will be equally held by both companies, aims to develop gasoline engines and hybrid technology for automobiles.…

Xingji Meizu, a smartphone company controlled by Geely founder Eric Li, is forming a joint venture with Geely-owned Sweden-based electric vehicle maker Polestar, to develop and sell EVs in the Chinese market with in-car software built upon the former’s operating system. Xingji Meizu will own 51% of the JV and…