Geely

Business China's Geely Automobile Holdings Ltd said on Tuesday that its 2020 net profit fell 32per cent, as auto sales in the world's biggest market was hit by the COVID-19 pandemic. FILE PHOTO: The Geely Automobile Holdings logo is pictured at the Auto China 2016 auto show in Beijing, China…

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…

In last week’s China VC news, newly founded semiconductor maker Moore Threads raked in a mind-boggling pre-A round just 100 days after its founding, Geely-backed ECARX raised $200 million for global expansion and Shanghai-based Ocean Link secured commitments for a new travel and consumer tech-focused fund. Semiconductor firm Moore Threads…

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…

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…

(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…

Chinese search engine and AI company Baidu has confirmed that Mobike co-founder Xia Yiping will be the chief executive of its new electric vehicle firm, operated in tandem with Geely. “Mr. Xia Yiping is an honorary graduate and an outstanding alumni of the School of Computer Science and Electronic Engineering…

Geely will establish an independent subsidiary, Lingling Technologies, this year to develop and manage its EV models. (Source: Geely) Zhejiang Geely Holding Group is planning to set up a separate unit to explore product development, marketing and sales of electric cars, Reuters reported citing people familiar with the matter. The…

In this episode of China Money Podcast, listen to all the news headlines in the China venture investment and tech sector for the week ending February 19. Matoka Capital’s Danny Levinson sits in as guest host, and topics covered include private equity and venture capital deals done this past week…

In early January, Baidu announced a strategic partnership with Geely aimed at manufacturing electric vehicles. (Source: Baidu) Chinese search engine and AI company Baidu has hired Xia Yiping, the co-founder of bike-sharing firm Mobike to be the chief executive of its new electric car company, operating in tandem with automobile…