Page 28 - Geely Auto News Today

Apple Partner Foxconn and Zhejang Geely have formed a Joint Venture Company to Revolutionize the Automotive Industry   Apple Inc.’s Taiwanese manufacturing partner Foxconn Technology Group is setting up a car venture with Zhejiang Geely Holding Group, strengthening its automotive capabilities at a time when technology companies including Apple are looking to expand into vehicles. Geely is parent company of brands including Volvo Cars, Lynk and others.   The companies officially announced to...

Baidu Plans Smart EV Company, To Make Cars At Geely Plant Baidu Plans Smart EV Company, To Make Cars At Geely Plant The companies are in talks to use Geelys EV-focused platform, Sustainable Experience Architecture (SEA), for future product development, one of the sources, who declined to be identified as the plan was private. By  Reuters ...

Geely Holding and Baidu to create partnership focused on electric and intelligent vehicles. Partnership to utilize Geely Holding’s all-electric Sustainable Experience Architecture.

Despite a 3 percent slip in sales last year, Geely Auto retained its position as the country's best-selling local passenger vehicle maker, a title it has held since 2017.

Geely sold 1.32m cars in 2020, expands China market share, maintains best-selling domestic brand status 7 January 2021 1:00 pm / 13 comments Geely has reported sales of 1,320,217 units in 2020 (including Lynk & Co), beating its 2020 revised annual target. The carmaker says that both its namesake brand and Lynk & Co have seen market share grow, and Geely retains its position as the best-selling Chinese brand for four consecutive years. The 2019 tally was 1,361,560 units, so it’s just sligh...

Equity capital markets bankers are expecting another busy year for IPOs and follow-on offerings in Asia Pacific after 2020 smashed records for equity issuance. Equity and equity-linked fundraising in Asia Pacific, excluding Japan, surged 71% in 2020 to US$402.5bn after sizable Chinese listings and follow-ons in the fourth quarter pushed full-year volumes to an all-time high, surpassing the previous record of US$306.2bn in 2010, according to Refinitiv data. That pace looks set to continue in 202...

Geely has released official ‘spy photos’ of an upcoming crossover, which will go into production in the third quarter of 2021. The company is keeping details under wraps, but confirmed the model will ride on the Compact Modular Architecture (CMA) which underpins the Polestar 2, Volvo XC40 and an assortment of Lynk & Co vehicles. The platform is also used on Geely’s Xing Yue crossover coupe and Xing Rui sedan. While the pictures aren’t very revealing, the crossover sort of resembles a la...

China to reduce tariffs on imported fuel cell-related parts Monika From Gasgoo | December 28 , 2020 Shanghai (Gasgoo)- China will lower tariffs on fuel cell-related components imported to the country in 2021, which will be a boon to the development of fuel cell vehicles (FCVs). In 2021, the tariff levied on the imported fuel cell-related compressors, circulating pump and carbon electrode slice is set to be rated at 5%, 2% and 5%, falling from the most-favored-nation tariffs of 7%, 7% and 10%, ...

Headline indices of the Hong Kong stock market finished session lower on Tuesday, 22 December 2020, as risk aversion selloff triggered on concerns over persisting Sino-U. S. tensions and a more contagious new strain of the coronavirus found in the UK hurting swift global economic recovery. At closing bell, the benchmark Hang Seng Index fell 0.72%, or 191.92 points, to 26,306.68. The Hang Seng China Enterprises Index dropped 0.78%, or 81.51 points, to 10,401.83. Countries across the globe shut...

Hong Kong, China markets plunge as Covid-19 mutation threatens recovery outlook, US expands China blacklist Martin Choi martin.choi@scmp.com A highly infectious Covid-19 strain in the UK has sparked lockdowns and flight bans, and has emerged as the latest source of concern for global investors. Photo: EPA-EFE Hong Kong and China stocks slumped on Tuesday after a highly infectious Covid-19 strain sparked UK lockdowns and clouded the economic recovery outlook, and the US further ...