Geely

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…

Zhu Jiang, former Vice President in charge of user management and operations at Jidu Automobile, an intelligent car company co-founded by Baidu and Geely, has joined the American electric vehicle startup Lucid to take charge of the company’s business in the Chinese market, according to Chinese media outlet Jiemian. Zhu…

Geely has significantly increased its stake in Aston Martin, raising its ownership from approximately 7% to 17%. Geely invested £234 million ($291 million) to acquire more shares, becoming the third-largest shareholder in Aston Martin after the consortium led by Aston Martin chair Lawrence Stroll and Saudi Arabia’s Public Investment Fund.…

Hangzhou, China – WEBWIRE – Friday, May 19, 2023 Zhejiang Geely Holding Group (Geely Holding), China’s largest privately-owned automotive technology group, today announced that it has increased its shareholding in Aston Martin Lagonda Global Holdings plc (Aston Martin) to circa 17% as part of a new relationship agreement with the…