News
Lotus Cars sets up R&D center in Ningbo, said to roll out NEV models in China
Lotus Cars sets up R&D center in Ningbo, said to roll out NEV models in China

Lotus Cars sets up an engineering unit in Hangzhou and a R&D center in Ningbo of China’s Zhejiang Province to support the global development of new Lotus models by utilizing Geely’s abundant resources, according to local media.

Oct. 26 , 2018
Faraday Future says "victory" over financing issue against Evergrande while limited by strict conditions
Faraday Future says "victory" over financing issue against Evergrande while limited by strict conditions

Faraday Future (FF) announced today that it made a “desicive victory” over the application for emergency relief against Evergrande Health submitted to Hong Kong International Arbitration Centre.

Oct. 25 , 2018
FAW Group granted RMB 1.015 trillion credit intent from 16 banks
FAW Group granted RMB 1.015 trillion credit intent from 16 banks

China’s state-owned automaker FAW Group signed strategic cooperation agreements with 16 banks which intend to grant credit extension totaling RMB1.015 trillion to the company, according to FAW Group’s official WeChat account.

Oct. 25 , 2018
Daimler Mobility Services, Geely Group Company announce premium ride-hailing JV in China
Daimler Mobility Services, Geely Group Company announce premium ride-hailing JV in China

Shanghai (Gasgoo)- Daimler Mobility Services GmbH and Geely Group Company, Zhejiang Geely Holding Group’s new business subsidiary, announced on October 24 that they will build a joint venture in China to provide premium ride-hailing services.

Oct. 24 , 2018
Leapmotor to roll out 3 new models over next 3 years
Leapmotor to roll out 3 new models over next 3 years

Chinese EV startup Leapmotor plans to roll out 3 new models over the next three years, including the LP-S01, the LP-T03 and the LP-C11, based on the S, T and C vehicle platform respectively, according to local media.

Oct. 24 , 2018