Geely Automobile Holdings Stock News

Chinese billionaire Li Shufu's Geely has acquired Meizu, one of China's earliest smartphone makers, in a move expected to help the Chinese car giant develop vehicles with features that are linked to t

Chinese automaker Zhejiang Geely Holding on Tuesday unveiled a new electric pickup truck, targeting growing demand from city residents as coronavirus curbs fuel an interest in outdoor activities like

Remember Meizu, the once-promising competitor to Xiaomi? The Alibaba-backed Chinese smartphone maker is making a comeback — in a way — as it gets acquired by the founder of Geely, China's largest

As Chinese companies race for a slice of the world's largest car market, they're betting heavily on assisted driving technology.

EVs sales, exports were a bright spot

China's Zhejiang Geely Holding Group conducted its first successful satellite launch on Wednesday, sending nine into low earth orbit as it builds out a satellite network to provide more accurate navig

China's Geely Automobile Holdings on Tuesday agreed to acquire around 34% of Renault Korea Motors, a unit of French carmaker Renault Group, for 264 billion won ($207.16 million), to expand into the co

Geely Auto's parent company also controls Volvo, Polestar

A Japanese battery start-up said on Thursday it would launch a commercial fleet service using electric vehicles from China's Geely Auto Group, joining a growing field of services aimed at helping comp

Intensified China competition, higher materials prices not subsiding either, Li Shufu's Geely says

China's Geely Automobile Holdings Ltd said on Wednesday its 2021 net profit fell 12%, as auto sales in the world's biggest market were hit by the coronavirus pandemic and chip shortages.

Geely has been hit hard by production challenges, including component shortages, input cost inflation, and disruptions from COVID-19 lockdowns.

Two heavyweights in China’s electric vehicle (EV) industry have lobbied Beijing for different approaches to charging, a key issue in the development of the new energy vehicle market in the country.Lei Jun, chief executive officer of smartphone giant Xiaomi which has recently entered the market and Geely CEO Li Shufu, an automobile industry veteran, have tabled different proposals at China’s annual political gathering asking for the government to change the charging approach for EVs.Xiaomi made…

GGPI will soon combine with its target Polestar, pursuing a global EV pure-play goal. However, the SPAC still trades at a premium compared to Chinese EV peers, indicating more downside ahead.