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Geely

Geely Automobile flags costs, chip shortage after 12% drop in 2021 profit Geely

Geely Automobile flags costs, chip shortage after 12% drop in 2021 profit

SHANGHAI: Geely Automobile Holdings Ltd expects rising raw material prices and global chip shortages to pressure its profitability and sales this year, the Chinese company said on March 23, after posting a 12% fall in 2021 profit. The world’s highest-profile Chinese automaker, thanks to its investments in Volvo Cars and…
bubmag
March 23, 2022
Volvo’s parent company establishes blockchain joint venture headquarters in Wuxi, China Geely

Volvo’s parent company establishes blockchain joint venture headquarters in Wuxi, China

Geely Holding sold over 2.2 million vehicles in 2021, including 698,693 Volvo cars. 2398 Total views 53 Total shares On Tuesday, privacy blockchain Concordium and Geely Holding, a Chinese multinational automotive car company that owns brands such as Volvo, announced the creation of a joint blockchain venture with headquarters in…
bubmag
March 22, 2022
Geely Tests World’s First Methanol Hybrid Sedan in -40C Proving Grounds Geely

Geely Tests World’s First Methanol Hybrid Sedan in -40C Proving Grounds

- Geely tests world’s first methanol hybrid mass-production sedan - Part of decade-long 3billion RMB investment into methanol fuel technologies - Clean methanol and hybrid technologies combined to offer users low operating costs and ultra-low emissions - Under 0.3RMB per KM operating costs for Geely Methanol Hybrid Emgrand Hangzhou, China…
bubmag
March 19, 2022
China Tech Digest: Baidu, Geely To Jointly Set Up AI Lab; GAC Capital Invests In Autonomous Driving Startup HoloMatic Geely

China Tech Digest: Baidu, Geely To Jointly Set Up AI Lab; GAC Capital Invests In Autonomous Driving Startup HoloMatic

Baidu, Geely to jointly set up AI Lab Geely Holding Group and Baidu Inc. recently signed an agreement on deepening strategic cooperation. According to the strategic cooperation framework agreement, they will further deepen cooperation in information security, intelligent driving cloud, AI model, metaverse, co-construction of ecological mobility technology, and data…
bubmag
March 10, 2022
Li Shufu Withdraws from Position as Director of Geely Automobile Group Geely

Li Shufu Withdraws from Position as Director of Geely Automobile Group

Li Shufu (Source: Sina) Your browser doesn’t support HTML5 audio Recently, Geely Automobile Group Co., Ltd. made a registration of change with the Industrial and Commercial Administration. Geely Holding’s chairman, Li Shufu, and vice president, Yang Jian, withdrew from their positions as directors. Sun Hong and Wang Xinggui will serve…
bubmag
March 4, 2022