Geely

(Source: Geely) Chinese Internet behemoth Baidu today announced its plan to partner with auto manufacturer Zhejiang Geely Holding Group, establishing a company that will produce intelligent electric vehicles (EV). Baidu will provide intelligent driving capabilities powering the vehicles, while Geely will contribute its expertise in automobile manufacturing. The new company,…

Hit by the COVID-19 last year, the automotive industry is looking for a brighter year to augment the shortfalls in production and sales. Many will be churning out new brands to woo auto lovers. Geely has already taken the lead by unveiling its locally assembled brands at Karameh City on…

The announcement may come as soon as next week.Read More

Chinese search giant Baidu (NASDAQ: BIDU), which is also a leading autonomous driving technology developer, is planning to establish a smart electric vehicles company for manufacturing, partnering with automaker Geely (HK:00175), Reuters reported on Thursday, citing sources familiar with the matter. Earlier last month, Baidu reportedly was in talks with…

China’s Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely. Baidu, the leading search engine company in China, will take a majority stake and absolute voting power in the new company. The venture will revamp some of Geely‘s existing car manufacturing facilities to make the vehicles,…

SEC moves toward delisting Chinese companies from US exchanges but looks unlikely to succeed The U.S. Securities and Exchange Commission is pushing ahead with a plan that threatens to kick Chinese companies off U.S. stock exchanges. The SEC intends to propose a regulation that would lead to the delisting of…

Geely and Volvo Cars are the parent company of electric vehicle maker Polestar. Not long ago, Polestar issued a recall on close to 2200 Polestar 2 electric vehicles. The recall is blamed on a software glitch that caused several vehicles to lose power and stop running while driving. A company…

STOCKHOLM (Reuters) - Electric vehicle maker Polestar, owned by Volvo Cars and its parent China's Geely GEELY.UL, is recalling all new Polestar 2 cars due to a software glitch, business daily Dagens Industri (DI) said on Friday.The recall of close to 2,200 vehicles delivered so far will be made after…

FILE PHOTO: The new Volvo Polestar 2 is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse/File PhotoSTOCKHOLM (Reuters) - Electric vehicle maker Polestar, owned by Volvo Cars and its parent China’s Geely, is recalling all new Polestar 2 cars due to a…

Beijing, China Chinese electric vehicle (EV) maker Xpeng Inc said on Saturday that along with its CEO, He Xiaopeng, it has invested in air taxi startup Xpeng Heitech, as the global auto industry explores future mobility. Air taxis are vertical take-off and landing (VTOL) aircraft that use electric motors instead of jet engines. Designed to avoid the need for long runways, they have rotating…