Geely

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…

Mobileye’s computer vision technology will be used in a new premium electric vehicle called Zero Concept from Geely Auto Group, one of China’s largest privately held automobile manufacturers. Mobileye’s owner Intel made the announcement today at the Beijing Auto Show. Zero Concept is produced by Lynk & Co., the brand…

SHANGHAI (Reuters) - Geely Automobile Holdings Ltd on Monday booked a 43% drop in half-year profit and trimmed its full-year sales goal, sending its shares down 4%, as the coronavirus outbreak continues to trouble the world’s biggest auto market. FILE PHOTO: The logo of Chinese carmaker Geely Auto is pictured…

SHANGHAI (Reuters) - Geely Automobile Holdings Ltd on Monday booked a 43% drop in half-year profit and trimmed its full-year sales goal, sending its shares down 4%, as the coronavirus outbreak continues to trouble the world’s biggest auto market. FILE PHOTO: The logo of Chinese carmaker Geely Auto is pictured…

SHANGHAI, Aug 17 (Reuters) - China’s Geely Automobile Holdings Ltd said on Monday first-half net profit fell 43%, as the coronavirus outbreak slammed the brakes on auto sales in the world’s biggest market.Geely, China’s highest-profile automaker globally due to the group’s investments in Volvo Cars and Daimler AG, posted January-June…

The Polestar 2 arrives to plenty of big expectations. Probably the most direct competition the Tesla Model 3 has faced so far, this handiwork of a Volvo and Geely collaboration gets to cherry-pick the best of their tech, then fast-track it to roads without the headache of an internal-combustion legacy.…

STOCKHOLM (Reuters) - Volvo Cars said it expects its business to recover in the second half of the year after reporting on Tuesday an operating loss for the first six months as coronavirus lockdowns strained supply chains and forced plant closures. FILE PHOTO: An employee at a Volvo car dealer…