Geely

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(Source: Shutterstock) Li Shufu, Chairman of Geely Holding Group, has founded a new company and signed a strategic cooperation agreement with the Wuhan Economic & Technological Development Zone (WEDZ), officially announcing its new smartphone business, the Hubei provincial government announced on Tuesday via Weibo. The project is headquartered at WEDZ…

Polestar, the Swedish electric car company that is a joint venture between Volvo and Geely, is going public by merging with a special purpose acquisition company, or SPAC. Polestar is the latest EV company — and futuristic transportation company — to go public via a reverse merger with a so-called…

Cao Cao Mobility, the ride-hailing unit of Chinese automaker Geely, plans to complete a new funding round in the first half of 2022, Bloomberg reported Monday, citing the company’s CEO Gong Xin. Earlier this month, Cao Cao raised $590 million from state-owned enterprises. Gong said the company might seek an…

(Source: Faraday Future) Faraday Future (FF) announced at the 919 Futurist Day Co-Creation Celebration held on September 19th that substantial progress has been achieved in its cooperation with Geely Holdings and that both sides have completed the first stage of technical cooperation. On January 29th, Geely announced that it had…

The Lynk & Co 01 has obtained 5 stars in the European New Car Assessment Programme (Euro NCAP) tests. — Picture courtesy of Euro NCAP PARIS, Sept 14 — Two vehicle models from Chinese automakers have just received top marks in the latest crash test results from the European New…

Cao Cao Mobility, the ride-hailing unit of Chinese automaker Geely Automobile Holdings, has announced a $589 million (RMB 3.8 billion) Series B raise that the company says will help it upgrade its technology and expand its fleet, according to a statement released by the company (in Chinese). The raise, which…

Also, Alipay adds support for remittances between Macau and mainland China, while Tencent calls for stricter measures against renting game accounts.Read More

Geely showcased a ride-hailing fleet branded Cao Cao in the eastern Chinese city of Suzhou on Monday, September 6, 2021. (Image credit: Geely) Cao Cao Mobility, the ride-hailing unit of Chinese private automaker Geely, announced Monday that it had raised RMB 3.8 billion ($589 million) from investors led by a…

BEIJING, Sept 6 (Reuters) - Geely’s Cao Cao Mobility said on Monday that it had raised 3.8 billion yuan ($589 million) to fund expansion, amid competition to grab market share from China’s embattled ride hailing leader Didi Global Inc. Cao Cao’s funding round comes as New York-listed Didi faces a…