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Geely

Geely to Establish Aerospace Company in Guangzhou, Aiming to Develop Satellites and Communications Equipment Geely

Geely to Establish Aerospace Company in Guangzhou, Aiming to Develop Satellites and Communications Equipment

(Source: Geely) Chinese leading automaker Zhejiang Geely Holding Group announced on Tuesday that it plans to establish a commercial aerospace company in Nansha District of Guangzhou, the capital of southern Guangdong province, seeking to research and develop its own satellite and communications technologies. The new aerospace company is named Shikong…
bubmag
March 31, 2021
Baidu Registers Electric Vehicle Firm with 2 Billion Yuan, Officially Kicking Off New Venture with Geely Geely

Baidu Registers Electric Vehicle Firm with 2 Billion Yuan, Officially Kicking Off New Venture with Geely

Chinese search engine and AI company Baidu Inc has completed the registration of a new electric vehicle (EV) company, officially signaling a kick-off of its new venture with automaker Geely. The new EV firm was registered in Shanghai on Tuesday and is named Jidu Auto (集度汽车), with a registered capital…
bubmag
March 2, 2021
Automaker Geely gains approval for satellites for self-driving constellation Geely

Automaker Geely gains approval for satellites for self-driving constellation

by Andrew Jones — February 26, 2021 A render of a satellite for the Geely satellite constellation for autonomous self-driving. Credit: Geely Chinese private automaker's plans follow central government policy shifts and development of new commercial space supply chains. HELSINKI — Chinese private automaker Geely has got the green light…
bubmag
February 26, 2021
Geely and Volvo Abort Merger, Will Set Up New Company to Combine Powertrain Units Geely

Geely and Volvo Abort Merger, Will Set Up New Company to Combine Powertrain Units

Volvo Cars and Geely Auto, both owned by Zhejiang Geely Holding Group, will maintain their separate corporate structures. (Source: Geely) Volvo Cars and Geely Auto have canceled plans for a full merger, instead announcing areas of cooperation on electrification, software development and autonomous-driving technology to lower costs. The businesses, both…
bubmag
February 25, 2021
Chinese companies pivot to crypto, exchange network outage: Blockheads Geely

Chinese companies pivot to crypto, exchange network outage: Blockheads

(Image credit: TechNode/Xuewen Song) Licensed online banks belonging to Tencent and Ant Group will reportedly take part in digital yuan pilot tests, while another bank is developing a biometric hardware wallet for the digital currency. Geely, one of China’s largest automakers, is entering the blockchain space, and a Chinese tea…
bubmag
February 23, 2021