Geely

Ecarx chief executive Shen Ziyu spoke at the company’s annual Tech Day event in the central Chinese city of Wuhan on March 24, 2023. Credit: Ecarx Xingji Meizu, a smartphone company controlled by Geely founder Eric Li, has decided to discontinue its chip development business for cost-saving reasons. The move…

Chinese electric vehicle brand Zeekr is set to begin exports of its 001 hatchbacks to Europe in mid-August, as the Geely’s subsidiary says it looks forward to seeing them on the roads of Sweden and the Netherlands as early as October. An undisclosed number of the vehicles, priced from €59,490…

Geely Automobile Holdings has maintained sales growth this year on exports and demand for electrified products. July deliveries at the major private Chinese carmaker rose 13 percent to 138,135, according to filings on the Hong Kong Stock Exchange. Geely’s exports last month surged 56 percent to 20,482.  Developing countries are…

Baidu Apollo announced on August 2 that the automaker Great Wall Motor (GWM) and the intelligent driving company Ecarx have become the first application exploration partners for its Intelligent Cabin technology, backed by its large language model (LLM) ERNIE. GWM and Baidu have been collaborating to explore applications of the…

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,…