Market & Industry
Geely announces premium EV brand Zeekr
Geely announces premium EV brand Zeekr

Geely Auto Group (Geely Auto) announced on Tuesday the foudnation of Zeekr Company Limited, a new electric mobility technology and solution company located in China that will meet the growing demands for premium electric vehicles (EVs).

Mar. 23 , 2021
Geely Auto logs 5% year-on-year decline in 2020 revenue
Geely Auto logs 5% year-on-year decline in 2020 revenue

Geely Automobile Holding Ltd., (Geely Auto or the group), the Hong Kong-listed entity of Geely Auto Group, announced on Tuesday its full-year revenue in 2020 reached 92.114 billion yuan ($14.152 billion), dropping 5% over the previous year.

Mar. 23 , 2021
China’s SVOLT said to file for IPO on STAR Market in 2022
China’s SVOLT said to file for IPO on STAR Market in 2022

SVOLT Energy Technology Co., Ltd. (SVOLT), a leading Chinese EV battery manufacturer carved out of Great Wall Motor (GWM), has launched the Series B funding, expecting to raise 3 billion to 4 billion yuan (about $461 million to $615 million).

Mar. 22 , 2021
Momenta draws capital from SAIC, Toyota, Bosch, others
Momenta draws capital from SAIC, Toyota, Bosch, others

Chinese autonomous driving startup Momenta announced on March 19 it has raised $500 million for its Series C funding, which is led by SAIC Motor, Toyota, Bosch, Temasek and YunFeng Capital.

Mar. 19 , 2021
China PV wholesales in Feb. 2021: Changan CS75 SUV honored best-selling PV model
China PV wholesales in Feb. 2021: Changan CS75 SUV honored best-selling PV model

Among the top 10 PV models by Feb. wholesales, there were 7 cars and 3 SUVs. The most noteworthy feature of the list was that the best-selling one was a SUV, namely the CS75.

Mar. 19 , 2021
Former Airbus’ executive joins Baidu, Geely’s joint venture
Former Airbus’ executive joins Baidu, Geely’s joint venture

Luo Gang, CEO of Airbus’ innovation center in China, has joined JIDU Auto, the electric vehicle (EV) joint venture between Baidu and Geely, according to a local media outlet.

Mar. 19 , 2021