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Page 19 - ஜெஜியாங் கீளி வைத்திருத்தல் குழு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Geely targets Apple, Big Tech with upstart EV unit

Geely targets Apple, Big Tech with upstart EV unit Geely targets Apple, Big Tech with upstart EV unit Zeekr exports to Europe slated to start in late 2022 Bloomberg BLOOMBERG Andy Conghui An, president of Zhejiang Geely Holding Group Co., on the production line of the manufacturing plant for Zeekr, Geely s new EV unit, in Ningbo, Zhejiang province, on April 14, 2021. Chinese automaker Zhejiang Geely Holding Group will use its new Zeekr electric-car unit to take on tech giants such as Apple and Xiaomi, which also have ambitions to enter the burgeoning EV market. Zeekr, which will be run independently, is seen as combining the characteristics of a tech company with Geely’s carmaking expertise, Geely President Andy Conghui An said in an interview with Bloomberg Television. He said that will give it an edge against a new wave of potential rivals from the tech industry, which could see cars become like a piece of hardware that is constantly improved with software upgrades.

Geely s Lotus said to weigh raising $1B for EV shift

Geely s Lotus said to weigh raising $1B for EV shift Geely s Lotus said to weigh raising $1B for EV shift Bloomberg Print The Evija, which has a 70 kilowatt-hour battery pack and a WLTP range of 400 km (250 miles), is a halo model for Lotus as it aims to reestablish itself as a global player under its new parent, Geely. Zhejiang Geely Holding Group is considering raising about $1 billion to help expand Lotus Cars into the electric vehicles market in China, according to people familiar with the matter. Geely is working with advisers to sound out potential investor interest in a funding round that could value Lotus’s EV operations at about $5 billion, the people said, asking not to be identified because the matter is private.

The Recent Beating in Baidu Stock Is a Great Buying Opportunity

The Recent Beating in Baidu Stock Is a Great Buying Opportunity InvestorPlace 2 days ago © Source: StreetVJ / Shutterstock.com A Baidu (BIDU) sign outside a company office in Shenzhen, China. Baidu (NASDAQ: BIDU) shares have been all over the map, as BIDU stock has experienced painful selling pressure after hitting new highs in February. Many investors are growing frustrated with the price action and understandably so. However, if we step back a bit and analyze the situation, it’s simply a great buying opportunity. © Provided by InvestorPlace A Baidu (BIDU) sign outside a company office in Shenzhen, China. Shares are currently down 38% from the February high. Let’s digest that for a second.

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