Latest news with #GeelyHoldingGroup
Yahoo
11-07-2025
- Automotive
- Yahoo
Polestar reports H1 sales ramped up 51%
Polestar, the Geely-owned car brand, has reported a 38% increase in retail sales volumes in the second quarter (Q2) of 2025, with an estimated 18,049 cars sold. For the first half of the year, Polestar has sold 30,319 cars, marking a 51% increase from the same period of the previous year. Polestar CEO Michael Lohscheller said: 'We've delivered another strong quarter of growth in increasingly challenging market and geopolitical conditions. 'Volume growth of 38% in the second quarter and 51% in the first half of the year is a clear sign that our retail expansion is delivering and that more customers are choosing Polestar.' This growth follows a strong Q1, where sales were up 76% compared to the same period in the previous year. In April, amidst a challenging economic environment, Polestar maintained stable sales from the last quarter of 2024, with Q1 2025 sales volumes reaching around 12,304 cars. The company has made a substantial $200m equity investment last month from PSD Investment, controlled by Eric Li, founder and chairman of Geely Holding Group. This investment came through the sale of 190 million Class A American Depositary Shares to PSD Investment by Polestar Automotive Holding UK. The Sweden car brand's expansion continued with the commencement of sales in France, making it the 28th market for the brand. Its French customers can order the full model lineup, including the Polestar 2, Polestar 3, and Polestar 4. Looking ahead, Polestar plans to introduce the Polestar 5 four-door GT this year, followed by the Polestar 6 roadster and the Polestar 7 compact SUV. The company has also signed a memorandum of understanding with Volvo Cars, another Geely unit, to manufacture the upcoming Polestar 7 in Kosice, Slovakia. The Polestar 7 is set to launch in 2028 and will be developed using engineering architectures from within the Geely Holding Group. It will benefit from group component sharing, 'next-generation battery density', and in-house developed e-motors. Polestar has its presence in 27 markets across Asia Pacific, Europe, and North America. "Polestar reports H1 sales ramped up 51%" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
27-06-2025
- Automotive
- Yahoo
EV maker Polestar secures $200M equity investment
This story was originally published on Automotive Dive. To receive daily news and insights, subscribe to our free daily Automotive Dive newsletter. Electric vehicle maker Polestar secured a $200 million equity investment from existing investor PSD Investment, the company announced in a June 16 press release. As part of the deal, Polestar has agreed to sell 190,476,190 newly issued Class A American Depository Shares to PSD Investment through a private investment in public equity for $1.05 each. PSD Investment is controlled by Li Shufu, founder and chairman of Polestar's majority owner, Geely Holding Group. In addition, in order to retain the voting power of its shares below 50%, PSD Investment will also convert 20 million shares to a different classification, according to the release. A private investment in public equity, known to investors as a PIPE, allows publicly traded companies to raise capital by selling stock directly to private investors, rather than on the open market, according to Bloomberg Law. PIPEs offer a more streamlined way for companies to secure funding, since they have a less stringent regulatory process from the Securities and Exchange Commission. Polestar intends to use the proceeds for working capital requirements and general corporate purposes as it works to grow its global EV sales. Like other automakers competing in the fledgling EV market, Gothenburg, Sweden-based Polestar has struggled to boost sales and reach profitability. Polestar delivered 44,851 EVs in 2024, but posted a $2 billion loss. The publicly-traded company's losses have also severely impacted its fortune on the market. Last July, Polestar received a notice of noncompliance for not meeting the Nasdaq's $1 minimum bid price requirement. But Polestar's stock bounced back to over $1 in September 2024, allowing it to remain on the Nasdaq. In a June 2 letter to shareholders announcing the company's fiscal year 2024 performance, Polestar CEO Michael Lohscheller wrote that the company had made 'significant investments' in establishing the brand and operations across 27 global markets. Lohscheller said the investments have laid the foundation for the company's continuing growth and he expects that 2025 will be its best in terms of volumes and financial performance. In Q1 2025, Polestar reported a 76% year over year increase in EV sales of more than 12,300 vehicles. The company's net revenue also increased by $278 million in the quarter, representing a 84.2% year over year improvement. Polestar cited higher sales volumes and favorable shift in its product mix for the gains. However, Polestar and other automakers are now working to lessen the impact of tariffs. Last summer, the company began production of the Polestar 3 SUV at the Volvo Cars plant in Ridgeville, South Carolina. It was the first Polestar EV produced in the U.S. Polestar also announced this month its market expansion in France as it works to expand its global EV footprint. Customers can now order the Polestar 2, Polestar 3 and Polestar 4 in the country for the first time. Globally, Polestar plans to have a line-up of five performance EVs on the market by 2026. Recommended Reading Polestar names new North America leader Sign in to access your portfolio
Mid East Info
25-06-2025
- Automotive
- Mid East Info
Jameel Motors To Showcase Farizon's Vehicle Technology at Mobility Live Middle East 2025 - Middle East Business News and Information
Farizon advances sustainable transportation in the UAE in partnership with its official distributor Jameel Motors. Vehicles designed with advanced features such as intelligent driving systems, 360° cameras, adaptive cruise control, and more. UAE, Dubai June 2025: Jameel Motors, a leading provider of mobility solutions and partner of choice to top automotive brands, announced its participation and will showcase its sustainable mobility solutions at Mobility Live Middle East 2025. Taking place on June 24–25, 2025 at the Dubai World Trade Centre, this year's conference is focused on the theme 'The Future of Mobility', bringing together disruptive innovators, cutting-edge technology, and industry stakeholders to foster dialogue and promote collaboration. As part of Jameel Motors, ongoing commitment to sustainability and pioneering innovation, it will showcase Farizon, a revolutionary New Energy Commercial Vehicle brand under Geely Holding Group. With a bold vision for zero-carbon transportation, Farizon is the first commercial vehicle brand to offer a complete lineup of new energy products and is rapidly expanding its international footprint, including in the Middle East through its partnership with Jameel Motors. 'Mobility Live Middle East provides the perfect platform for us to showcase Farizon's pioneering advancements in sustainable mobility. At Jameel Motors, we believe that the future of transportation is rooted in innovation, collaboration, and a commitment to zero-carbon solutions. Farizon's groundbreaking vehicles underscore this vision, and we are excited to bring these technologies to the UAE and beyond', said Haluk Aki, General Manager Farizon UAE Farizon represents the future of commercial mobility, with a range of advanced electric and alternative fuel vehicles designed for sustainability and user-centric innovation. Farizon's flagship models include the Farizon SV (SuperVAN), with versatile configurations and intelligent features, and the Farizon H9E, a light truck crafted for optimal performance. At the event, Jameel Motors will spotlight an array of advanced Battery Electric Vehicles (BEVs) aimed at commercial utilization through its SUPERVAN passenger and panel series. The SUPERVAN series comprises electric panel vans tailored for urban logistics and last-mile delivery, available in various models depending on battery capacity, cargo space, and driving range. These range from a 67 kWh battery with a 376 km range to larger options up to 106.4 kWh, coupled with advanced features like an infotainment system, Apple CarPlay, and adaptive cruise control. Both compact and high-roof variants offer flexibility in cargo handling. Jameel Motors represents some of the world's most recognised commercial and passenger vehicle brands and has operations in more than 10 countries across the Middle East, Africa, Europe, Asia and Australia. This event participation marks another step in Jameel Motors' expansion in the region, as it continues to harness innovation for the future of mobility. About Jameel Motors: Jameel Motors is a leading provider of mobility solutions and partner of choice to top automotive brands. It has international operations in over 10 countries, including the UK, UAE, Türkiye, Morocco, Egypt, Algeria, Japan, China, Australia, Monaco, South Africa and Poland. Jameel Motors represents some of the world's most recognized commercial and passenger vehicle brands, including Toyota, Lexus, BYD, GAC Motor, MG Motor, Farizon Auto, Geely Auto, Changan Automobile and Hino. Jameel Motors' deep market knowledge as an independent international distributor enables its OEM partners to grow closer to their customers, driving both market share and sustainable growth with high customer satisfaction and loyalty. About Farizon: Farizon New Energy Commercial Vehicle Group is the commercial vehicle sector of Geely Holding Group. With the support of Geely Holding Group's Central Research Institute, Farizon New Energy Commercial Vehicle Group has founded China's largest new energy commercial vehicle research institute. It is responsible for the R&D of a new generation of green and intelligent commercial vehicle products based on passenger vehicle technology. It has formed two core technology routes of 'Methanol-Hydrogen + Electric'. Farizon has become China's first commercial vehicle brand to offer a full range of new energy product. Farizon is committed to becoming a comprehensive intelligent and green transportation technology service provider. In 2024, Farizon has defended its championship in the Chinese market and also reached the milestone of 300,000-unit sales, becoming the first new energy commercial vehicle brand who ever achieved this goal. Copyright Notice & Disclaimer: © Jameel Motors Trading LLC. The Jameel Motors name and the Jameel Motors logotype and pentagon-shaped graphics are trademarks or registered trademarks. The term 'Jameel Motors' is not itself a corporate entity, association or conglomerate run by an overarching parent company but merely refers to a network of distinct and wholly separate legal entities that are collectively referred to under the brand name 'Jameel Motors'. Jameel Motors is not a 'group undertaking' as defined in Section 1161(5) of the UK Companies Act 2006, or a 'conglomerate' as defined in Section 7, US Clayton Act 1964. Data: The information presented in this document is intended for general informational purposes only. Any numerical data provided is accurate as of June 2025 but may not be updated in real-time and becomes outdated over time. While every effort has been made to ensure the accuracy and reliability of the information provided, Abdul Latif Jameel and Jameel Motors make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the content contained herein. Any references made to the content of this document are for demonstration and discussion purposes, and do not imply any legal ownership or affiliation unless explicitly stated otherwise. Any actual transactions or agreements concerning the content of this presentation would require separate legal documentation and due diligence. Reliance on the information provided is strictly at your own risk. Abdul Latif Jameel and Jameel Motors disclaim any liability for any loss or damage, including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this numerical data and the information contained within this presentation. Forward Looking Statements: This presentation may contain forward-looking statements. Forward-looking statements are statements regarding matters other than historical fact, such as future results, events, activities, developments or circumstances or the beliefs, plans or expectations of theJameel Motors entity or its respective management. Forward-looking statements often can be identified by the use of words such as 'expect', 'project', 'anticipate', 'plan', 'estimate', 'believe', 'predict', 'intend', 'potential', 'possible', 'probable', 'likely', 'forecast', 'guidance', 'outlook', 'goal', 'target', 'may', 'will', 'should' or 'could' or other similar terms or phrases. However, the absence of such words does not mean that a particular statement is not forward looking. Forward-looking statements are based on expectations and assumptions at the time of such statements and are subject to numerous risks and uncertainties, many of which are outside the control of the Jamel Motors entity. Should any of such expectations or assumptions prove incorrect, or should any of such risks or uncertainties materialize, actual future results, events, activities, developments or circumstances may differ materially from those expressed in or implied by forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made, and Abdul Latif Jameel and Jameel Motors do not assume, and hereby disclaim, any obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise. All forward-looking statements made by Jameel Motors or by any person on behalf of any of them, whether communicated in writing, electronically or orally, are qualified in their entirety by the foregoing cautionary statements. No Offer or Solicitation: This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of applicable laws, or an exemption therefrom.
Zawya
25-06-2025
- Automotive
- Zawya
Jameel Motors to showcase Farizon's vehicle technology at Mobility Live Middle East 2025
Vehicles designed with advanced features such as intelligent driving systems, 360° cameras, adaptive cruise control, and more. UAE, Dubai: Jameel Motors, a leading provider of mobility solutions and partner of choice to top automotive brands, announced its participation and will showcase its sustainable mobility solutions at Mobility Live Middle East 2025. Taking place on June 24–25, 2025 at the Dubai World Trade Centre, this year's conference is focused on the theme 'The Future of Mobility', bringing together disruptive innovators, cutting-edge technology, and industry stakeholders to foster dialogue and promote collaboration. As part of Jameel Motors, ongoing commitment to sustainability and pioneering innovation, it will showcase Farizon, a revolutionary New Energy Commercial Vehicle brand under Geely Holding Group. With a bold vision for zero-carbon transportation, Farizon is the first commercial vehicle brand to offer a complete lineup of new energy products and is rapidly expanding its international footprint, including in the Middle East through its partnership with Jameel Motors. "Mobility Live Middle East provides the perfect platform for us to showcase Farizon's pioneering advancements in sustainable mobility. At Jameel Motors, we believe that the future of transportation is rooted in innovation, collaboration, and a commitment to zero-carbon solutions. Farizon's groundbreaking vehicles underscore this vision, and we are excited to bring these technologies to the UAE and beyond', said Haluk Aki, General Manager Farizon UAE Farizon represents the future of commercial mobility, with a range of advanced electric and alternative fuel vehicles designed for sustainability and user-centric innovation. Farizon's flagship models include the Farizon SV (SuperVAN), with versatile configurations and intelligent features, and the Farizon H9E, a light truck crafted for optimal performance. At the event, Jameel Motors will spotlight an array of advanced Battery Electric Vehicles (BEVs) aimed at commercial utilization through its SUPERVAN passenger and panel series. The SUPERVAN series comprises electric panel vans tailored for urban logistics and last-mile delivery, available in various models depending on battery capacity, cargo space, and driving range. These range from a 67 kWh battery with a 376 km range to larger options up to 106.4 kWh, coupled with advanced features like an infotainment system, Apple CarPlay, and adaptive cruise control. Both compact and high-roof variants offer flexibility in cargo handling. Jameel Motors represents some of the world's most recognised commercial and passenger vehicle brands and has operations in more than 10 countries across the Middle East, Africa, Europe, Asia and Australia. This event participation marks another step in Jameel Motors' expansion in the region, as it continues to harness innovation for the future of mobility. About Jameel Motors Jameel Motors is a leading provider of mobility solutions and partner of choice to top automotive brands. It has international operations in over 10 countries, including the UK, UAE, Türkiye, Morocco, Egypt, Algeria, Japan, China, Australia, Monaco, South Africa and Poland. Jameel Motors represents some of the world's most recognized commercial and passenger vehicle brands, including Toyota, Lexus, BYD, GAC Motor, MG Motor, Farizon Auto, Geely Auto, Changan Automobile and Hino. Jameel Motors' deep market knowledge as an independent international distributor enables its OEM partners to grow closer to their customers, driving both market share and sustainable growth with high customer satisfaction and loyalty. For more information on Jameel Motors activities in the UAE, please visit About Farizon Farizon New Energy Commercial Vehicle Group is the commercial vehicle sector of Geely Holding Group. With the support of Geely Holding Group's Central Research Institute, Farizon New Energy Commercial Vehicle Group has founded China's largest new energy commercial vehicle research institute. It is responsible for the R&D of a new generation of green and intelligent commercial vehicle products based on passenger vehicle technology. It has formed two core technology routes of 'Methanol-Hydrogen + Electric". Farizon has become China's first commercial vehicle brand to offer a full range of new energy product. Farizon is committed to becoming a comprehensive intelligent and green transportation technology service provider. In 2024, Farizon has defended its championship in the Chinese market and also reached the milestone of 300,000-unit sales, becoming the first new energy commercial vehicle brand who ever achieved this goal. For more information regarding Zhejiang Geely Farizon New Energy Commercial Vehicle Group please refer to the official website at ----- Copyright Notice & Disclaimer © Jameel Motors Trading LLC. The Jameel Motors name and the Jameel Motors logotype and pentagon-shaped graphics are trademarks or registered trademarks. The term 'Jameel Motors' is not itself a corporate entity, association or conglomerate run by an overarching parent company but merely refers to a network of distinct and wholly separate legal entities that are collectively referred to under the brand name 'Jameel Motors'. Jameel Motors is not a 'group undertaking' as defined in Section 1161(5) of the UK Companies Act 2006, or a 'conglomerate' as defined in Section 7, US Clayton Act 1964. Data: The information presented in this document is intended for general informational purposes only. Any numerical data provided is accurate as of June 2025 but may not be updated in real-time and becomes outdated over time. While every effort has been made to ensure the accuracy and reliability of the information provided, Abdul Latif Jameel and Jameel Motors make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the content contained herein. Any references made to the content of this document are for demonstration and discussion purposes, and do not imply any legal ownership or affiliation unless explicitly stated otherwise. Any actual transactions or agreements concerning the content of this presentation would require separate legal documentation and due diligence. Reliance on the information provided is strictly at your own risk. Abdul Latif Jameel and Jameel Motors disclaim any liability for any loss or damage, including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this numerical data and the information contained within this presentation. Forward Looking Statements This presentation may contain forward-looking statements. Forward-looking statements are statements regarding matters other than historical fact, such as future results, events, activities, developments or circumstances or the beliefs, plans or expectations of theJameel Motors entity or its respective management. Forward-looking statements often can be identified by the use of words such as 'expect', 'project', 'anticipate', 'plan', 'estimate', 'believe', 'predict', 'intend', 'potential', 'possible', 'probable', 'likely', 'forecast', 'guidance', 'outlook', 'goal', 'target', 'may', 'will', 'should' or 'could' or other similar terms or phrases. However, the absence of such words does not mean that a particular statement is not forward looking. Forward-looking statements are based on expectations and assumptions at the time of such statements and are subject to numerous risks and uncertainties, many of which are outside the control of the Jamel Motors entity. Should any of such expectations or assumptions prove incorrect, or should any of such risks or uncertainties materialize, actual future results, events, activities, developments or circumstances may differ materially from those expressed in or implied by forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made, and Abdul Latif Jameel and Jameel Motors do not assume, and hereby disclaim, any obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise. All forward-looking statements made by Jameel Motors or by any person on behalf of any of them, whether communicated in writing, electronically or orally, are qualified in their entirety by the foregoing cautionary statements. No Offer or Solicitation This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of applicable laws, or an exemption therefrom.
Yahoo
13-06-2025
- Automotive
- Yahoo
Farizon SV Combi Released in Hong Kong and First Batch of 1,000 Taxis Delivered
HONG KONG, June 13, 2025 /PRNewswire/ -- Farizon New Energy Commercial Vehicle showcased multiple models at the Geely Holding Group exhibition booth during the 2025 International Automotive & Supply Chain Expo (Hong Kong), and held the first-batch delivery ceremony of 1,000 Farizon SV taxis and Farizon SV Combi Premiere, further deepening the brand's business layout in the Hong Kong market. As the commercial vehicle sector under Geely Holding Group, Farizon has built a full-range product matrix covering heavy trucks, light trucks, micro trucks, LCVs, and buses. It is the first in China to realize the all-new-energy product series of its entire lineup, and in 2024 it became the world's first new energy commercial vehicle brand with a cumulative sales of 300,000 units. Starting from the fourth quarter of 2024, Farizon has gradually entered the European, Middle Eastern, and Asia-Pacific markets. Farizon SV is an electric VAN exclusively developed by Farizon. Its highlights include a longest range of 398km, a maximum space of 13 cubic meters, and a hidden B-pillar design. It has also won the Euro NCAP Platinum Rating and is very popular in the European market. The cargo Farizon SV is currently on sale in Hong Kong. This Farizon display will further enrich the SV product line and complete the first batch delivery of 1,000 units of new taxi to the Big Bee fleet of Sino Development (International) Co. Limited. View original content to download multimedia: SOURCE Farizon New Energy Commercial Vehicle Group
