Geely

A PHOTO OF Fidel Castro, the late Cuban dictator, shaking hands with Xi Jinping, Chinas living one, hangs in the entrance to the newly opened Beijing restaurant in Havana. Around it are snapshots of Chinese and Cuban bigwigs past and present. One from 1961 sh…

IN OCTOBER 1908, on a windy field at Farnborough, south-west of London, a handlebar-mustachioed former Wild West showman named Samuel Cody completed the first official controlled flight of a powered aeroplane in Britain. Since then many other pioneering aircr…

BOSTON & BIRMINGHAM, United Kingdom--(BUSINESS WIRE)--ClearMotion Inc., a global transportation technology company, has appointed Carl-Peter Forster to the Board of Directors and Christian Steinmann as CEO, effective immediately. Steinmann succeeds Shakee…

German startup Volocopter said it plans to form a partnership with Zhejiang Geely Holding Group that will bring its air taxis to China and that it has raised 50 million euros ($55.13 million) in fresh funding from the Chinese company and others. Volocopter, …

Thanks to a partnership between Geely and German startup Volocopter, air taxis will apparently be coming to China in the near future so that we can live all of our Blade Runner hovercar dreams. Maybe. Volocopter claims its got the worlds first manned, electr…

Geely has hedged its bets on a German startup which hopes to bring flying taxis to cities around the world, as the Chinese firm looks to branch out from its traditional automotive business ventures. The car maker has taken a minority stake in Volocopter, whi…

Volocopter, a German air taxi firm, has secured 50 million ($55 million) euros in funding, reported Reuters. Geely Holding led the round.

In its latest round of funding, Volocopter has been backed by Geely, the Chinese automotive group which manufactures Volvo and Lexus cars as well as London's electric black cabs. It has also secured the support of German automotive giant Daimler, which is loo…

Geely (OTCPK:GELYY) is taking a minority stake in German flying taxi start-up Volocopter, the latest investment from the Chinese carmaker after it bought into Mercedes-Benz owner Daimler last year. The group's holding company is the lead investor in a financ…

The telegraph reports European Carmakers are Caught in the Crossfire of Trumps Trade War. But it’s not just European manufacturers. The US will take a huge hit as well. China has been the most frequent target of Trumps ire. At the start of the month he fire…