Geely

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…

Good morning! I hope all our US readers are having a great Labor Day weekend, but you know how it is: Tech news doesn’t stop. But before we get into NASA and air taxis... Over the weekend, a group of 11 House Republicans sent letters to the leaders of 13…

Tesla seeks cooperation in China for 4680 battery cell Tesla has begun to look for cooperative manufacturers in China for 4680 large cylindrical batteries. In addition to the original battery suppliers CATL and LG Chem, Tesla also negotiated with EVE Energy and other battery manufacturers. One of the ways of…

Bilibili has joined a group of investors in a $500 million investment in Zeekr, a new premium electric vehicle unit of the Chinese automaker Geely. The video platform has become the latest rising Chinese internet firm entering the booming electric vehicle sector. The investment is Zeekr’s first external funding round,…

Cao Cao Mobility, a ride-hailing subsidiary of Chinese automaker Geely, has secured “billions of yuan” (RMB 1 billion is about $150 million) in a new funding round, Chinese media 36Kr reported Monday, citing people familiar with the matter. A Cao Cao spokesperson declined to comment when reached by 36Kr. The…

This advertisement has not loaded yet, but your article continues below. Author of the article: Article content BEIJING — Zeekr, the electric vehicle brand by Geely, said on Friday it raised $500 million in its first external funding from investors including Intel Capital , battery maker CATL and online entertainment…

(Source: Geely) At an interim results conference on Wednesday, Chinese carmaker Geely Auto Group said that its revenue in the first half of the year reached 45 billion yuan ($6.92 billion), a year-on-year increase of 22%, while net profit was 2.41 billion yuan. In addition, the firm set a goal…