Geely

Polestar said on Monday it had secured a $200m (R3.57bn) equity investment from major shareholder PSD Investment, a company controlled by Geely Holding founder Li Shufu. The Swedish EV maker will sell more than 190-million Class A American depositary shares (ADS) to PSD Investment, which will hold 44% of Polestar. After…

For Father’s Day, Chinese automaker Geely, parent company of Volvo, Polestar, Zeekr, and Lotus, dropped this amazingly bad AI advertisement on social media, that has to be seen to be believed. The ad, which is posted below (it has apparently been removed from Instagram where we first encountered it), ostensibly…

More than a dozen major Chinese automakers, including BYD, Geely and Xiaomi, have pledged to settle payments to their suppliers within 60 days — the latest development as Beijing vows to take strict measures to contain increasingly disorderly, vicious competition in the auto industry. The commitments align with new rules…

BYD showcased a dozen of Chinese-branded EV models, including rival Li Auto’s L9 and GAC’s Hyper GT at its headquarters in Shenzhen on Wednesday, August 9, 2023. Credit: Supercharged/Chang Yan A senior executive at China’s Geely showed his support for Great Wall Motor after the company publicly accused BYD of…

Fierce competition among China's leading electric vehicle (EV) makers has intensified, with a long-running dispute between BYD and Great Wall Motor (GWM) over emissions compliance escalating after Geely joined in to criticise BYD's aggressive price cuts. The row dates back to 2023, when GWM reported BYD to Chinese regulators, alleging…

BYD said it last year delivered 280,217 units of the Seagull budget electric vehicle, priced from RMB 73,800 ($10,666), after launch in late April. Credit: BYD Major Chinese automakers Geely and Changan Automobile reported strong electric vehicle sales growth for May, posing serious challenges to leading player BYD which launched…

Home Shipbuilding Geely: LNG-powered 7,000 CEU RoRo ship debuts in China, embarks on maiden voyage May 30, 2025, by Naida Hakirevic Prevljak Chinese automaker Geely Holding has celebrated the launch of its first self-owned roll-on/roll-off (RoRo) ship, Geely JISU Fortune, operated by JISU Logistics. Courtesy of Geely Built at local…

BYD showcased a dozen of Chinese-branded EV models, including rival Li Auto’s L9 and GAC’s Hyper GT at its headquarters in Shenzhen on Wednesday, August 9, 2023. Credit: Supercharged/Chang Yan BYD on May 23 announced fresh incentives to prospective owners, saying customers who trade in their old cars for new…

Several Lynk & Co models, including the brand's first battery EV Z10, are displayed outside a Geely factory in the northern Chinese city of Zhangjiakou. Credit: Geely/Volvo China’s Geely can save “several billion yuan” each year by taking its New York-listed subsidiary Zeekr private and “fully” integrating the luxury electric…

On May 7, 2025, Geely announced a non-binding offer to privatize ZEEKR at a premium, aiming to consolidate its ownership from approximately 65.7% to 100% and delist ZEEKR from the NYSE. Several key factors drove this strategic decision: Geely’s "Taizhou Declaration" in late 2024 signaled a strategic pivot towards eliminating…