Latest news with #ZhejiangGeely
Wall Street Journal
17-07-2025
- Automotive
- Wall Street Journal
Volvo Car Swings to Net Loss on Hit From Restructuring and Impairments Charges
STOCKHOLM—Volvo Car swung to a second-quarter net loss as the deteriorating global auto market saw it book hefty restructuring and impairment charges. The Swedish car maker—which is majority owned by China's Zhejiang Geely Holding Group—had already withdrawn guidance for this year and next as it grapples with growing market uncertainties that have seen lower volumes, increased price pressure and tariffs hitting profits.
Bloomberg
09-07-2025
- Automotive
- Bloomberg
Zeekr Debuts First Hybrid in China to Help Ease EV Range Anxiety
Premium electric vehicle brand Zeekr unveiled its first plug-in hybrid sport utility vehicle, joining the growing number of Chinese EV makers incorporating gasoline engines into new models to help ease range anxiety. Built on the new 900-volt Sustainable Experience Architecture-S platform developed by parent Zhejiang Geely Holding Group Co., the full-sized 9X is equipped with ultra fast charging that will see its battery power reach 80% from 10% in just 10 minutes. China's top auto and tech companies are in the race to reduce charging times even further, though the widespread roll out of technology like BYD Co.'s five-minute charge battery requires the building of thousands of stations that can support upgraded EVs.
Yahoo
04-07-2025
- Automotive
- Yahoo
Geely brand to enter the UK in Q4
Chinese automaker Zhejiang Geely Holding Group (Geely) announced that it plans to launch the Geely brand in the UK in the fourth quarter of 2025, following a growing number of Chinese automakers into one of Europe's largest vehicle markets. Geely is already present in the UK with its Lotus, Volvo Cars and Polestar subsidiaries, but has yet to launch its mainstream Chinese Geely brand. The company confirmed that the first Geely model to be sold in the UK will be the EX5 battery-powered SUV, which the company said is still undergoing "intensive development work" to meet British car buyers' standards. Geely confirmed the EX5 'will be the first in a diverse range of high-quality, accessible vehicles tailored for the UK.' Geely is in the process of rolling out the EX5 model in global markets. It is currently available in markets such as Australia, Thailand, Indonesia, Brazil, and Germany. The Geely brand was launched in Greece at the beginning of July, also spearheaded by the EX5. The UK is one of Europe's largest markets for battery electric vehicles (BEVs), with 382,000 units registered in 2024. "Geely brand to enter the UK in Q4" 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
18-02-2025
- Automotive
- South China Morning Post
Chinese EV maker Geely joins BYD in Brazil push via deal with Renault
Chinese billionaire Li Shufu is expanding carmaker Geely into Latin America through a partnership with Renault, underpinning the nation's drive to build sales in friendly global markets as tariffs block growth in the US and Europe. Li, through his private investment holding firm Zhejiang Geely Holdings Group, signed a framework agreement with the French carmaker on Monday to produce cars in Brazil, according to a statement on Tuesday. Zhejiang Geely and Renault agreed to 'expand their strategic cooperation in the development and production of zero- and low-emission vehicles', according to the statement. Under the deal, Zhejiang Geely will invest in and become a minority stakeholder in Renault, gaining access to 'localised production, service network and channel resources'. Chinese carmakers are pivoting away from the US and Europe amid punitive tariffs. The US raised tariffs on Chinese electric vehicles to 100 per cent from 25 per cent last year and President Donald Trump has threatened to impose more duties on Chinese goods. The European Union enforced new import tariffs of up to 45 per cent on electric vehicles produced in China in October. Two 'advanced production facilities' in Renault Group's Ayrton Senna Complex in São José dos Pinhais, in the state of Paraná, would produce 'all-new vehicles' in addition to the current Renault line-up, Zhejiang Geely said. Meanwhile, Renault would distribute Geely's portfolio of zero- and low-emission vehicles in Brazil, allowing the Chinese company to enjoy Renault's commercial expertise and accelerating its expansion into South America's main market, the statement said.
