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Geely

Polestar Obtains $1.6B in Financial Support From Volvo and Geely’s Chairman Geely

Polestar Obtains $1.6B in Financial Support From Volvo and Geely’s Chairman

Your browser does not support the audio element. Polestar Automotive, a Swedish electric vehicle brand, announced on November 3 that it has received further commitments for financial and liquidity support from its two major shareholders. Volvo Cars is providing a principal amount of $800 million through an 18-month term loan,…
bubmag
November 4, 2022
Geely’s Zeekr launches second car, mulling expansion to Europe in 2023 Geely

Geely’s Zeekr launches second car, mulling expansion to Europe in 2023

Zeekr, the electric vehicle subsidiary of Chinese automaker Geely, launched its second production model on Tuesday, a six-seater multi-purpose vehicle with a luxurious design and large interior space, as the company hopes to expand its customer base. Equipped with CATL’s latest generation of battery packs, the premium version of the…
bubmag
November 3, 2022
Geely Chairman-Backed Smartphone Brand Meizu Unveiled “FlymeAuto” Vehicle System Geely

Geely Chairman-Backed Smartphone Brand Meizu Unveiled “FlymeAuto” Vehicle System

Meizu, a Chinese smartphone brand, announced on October 27 the “FlymeAuto” vehicle system, saying that it is the extension of Meizu’s Flyme smartphone operating system for smart vehicle consoles. Previously, the company released recruitment advertisements in the field of automobile manufacturing, which triggered some discussion. The company clarified: “It is…
bubmag
October 27, 2022
Baidu and Geely-Backed EV Firm JIDU Launches Limited Edition of Robocar for $55K Geely

Baidu and Geely-Backed EV Firm JIDU Launches Limited Edition of Robocar for $55K

JIDU, an intelligent electric vehicle company backed by Chinese tech giant Baidu and automotive leader Geely, officially released its first-ever robocar, ROBO-01 Lunar Edition at RoboBase, its Shanghai headquarters, on October 27. Priced at 399,800 yuan ($55,253), the vehicle is a co-branded model in cooperation with the China’s Lunar Exploration Project.…
bubmag
October 27, 2022
Geely’s Volvo Recalls Plug-In Hybrid Cars in China Due to Battery Problems Geely

Geely’s Volvo Recalls Plug-In Hybrid Cars in China Due to Battery Problems

On September 30, two subsidiaries of Geely’s Volvo Cars and Zhejiang Haoqing Automotive Manufacturing Co., Ltd., an automobile manufacturing company that produces Volvo cars, filed a recall plan with China’s State Administration for Market Regulation according to laws and regulations. It will recall the vehicles from September 30, 2022, totaling 4,720 vehicles.…
bubmag
October 13, 2022