Geely

Don't Miss:

30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )

Retail Asia06/03/2023

Oil giant Saudi Aramco has agreed to take a minority stake in a new powertrain engine company that French car maker Renault SA and China’s Geely Automobile Holdings Ltd plan to set up jointly, they said on Thursday. Reuters reported in January that Aramco has been involved in advanced discussions to take up to 20% stake […]

CONTINUE READING

Retail Asia31/03/2022

Lotus Technology, a new unit of China’s Geely set up to develop the technology to power Lotus sports cars, is planning to raise $400 million to $500 million before the end of this year, its chief financial officer told Reuters. Lotus Technology, part of Group Lotus which is in turn owned jointly by the Chinese […]

CONTINUE READING

Retail Asia28/06/2021

China’s Geely Automobile Holdings Ltd said on Friday it is dropping plans to list new shares on the mainland’s Nasdaq-like STAR Market. Zhejiang-based Geely Auto, China’s highest-profile automaker thanks to parent Zhejiang Geely Holding Group’s investments in Daimler AG and Volvo Cars, is listed in Hong Kong with a market capitalization of HK$255 billion ($32.85 […]

CONTINUE READING

Retail Asia06/04/2021

China’s Zhejiang Geely Holding Groups, a global mobility technology group has plans to set up a commercial aerospace company, as announced by the local government. The company will develop and advance satellite and communications technologies in Guangzhou, by building low-orbit satellites to deliver high-speed connectivity. Geely will also be partnering with other rocket companies in […]

CONTINUE READING

Retail Asia22/03/2021

China’s Geely plans to roll out electric vehicles under a new marque with different branding and sales strategies, people familiar with the matter said, as the Volvo owner looks to take on its main EV rival Tesla with higher-end vehicles. The brand, positioned in the premium segment and named “Zeekr”, will be housed under Geely’s […]

CONTINUE READING

Retail Asia12/02/2021

Like many others in his industry, Geely Chairman Li Shufu has been irked by skyrocketing valuations for electric car manufacturers such as Tesla Inc and Nio Inc, sources at the Chinese automaker say. Getting Geely, which owns Volvo Cars and 9.7% of Daimler AG, to a place where it too may claim a sizeable chunk […]

CONTINUE READING

Retail Asia12/01/2021

China’s Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely. Baidu, the leading search engine company in China, will take a majority stake and absolute voting power in the new company. The […]

CONTINUE READING

Retail Asia27/10/2020

An electric vehicle (EV) factory planned by the Chinese automaking group Geely will produce cars under the premium Polestar marque, two people with direct knowledge of the matter told Reuters on Monday. Zhejiang Geely Holding Group Co Ltd plans to build a plant with an annual manufacturing capacity of 30,000 premium EVs in the western […]

CONTINUE READING

Retail Asia11/08/2020

Chinese carmaker Geely plans to use a platform developed with input from Volvo to build new models in Malaysia for its partly owned Proton brand, a strategy that shows how it aims to accelerate its push to become China’s first global auto giant. The yet-to-be-finalized plans for Proton are just one strand of a Geely […]

CONTINUE READING

Retail Asia19/06/2020

Geely Automobile Holdings Ltd said its board has approved a preliminary proposal to list new renminbi shares on mainland China’s Nasdaq-like STAR board, sending its Hong Kong-listed shares up as much as 7% on Thursday. The Zhejiang-based automaker is currently listed on the Hong Kong Stock Exchange with a market capitalization that exceeded HK$120 billion […]

CONTINUE READING

Retail Asia03/06/2020

Polestar, the premium electric vehicle maker owned by China’s Geely, plans a big expansion of its showroom network in the mainland, sources said, as it prepares for delivery of cars to compete with Tesla Inc’s locally made Model 3. Showroom strength is becoming an important differentiator for electric vehicle (EV) makers in the world’s biggest […]

CONTINUE READING

Retail Asia08/04/2019

Daimler on Thursday said it will develop its next generation of Smart electric vehicles in China through a joint venture with rival Geely, deepening an alliance between the two carmakers. Daimler said it will build next generation Smart vehicles at a purpose built factory in China, and share its expertise in manufacturing, engineering and design […]

CONTINUE READING

Retail Asia06/06/2018

Zhejiang Geely Holding Group (Geely Holding), China’s leading privately-owned automotive group, announced today that Mr. Feng Qingfeng, vice president and chief technical officer of Geely Auto Group, has been appointed to succeed Jean-Marc Gales as chief executive officer of Group Lotus effective immediately. Mr. Jean-Marc Gales has chosen to leave for personal reasons and will […]

CONTINUE READING

Retail Asia28/02/2018

Chinese carmaker Geely has built up an almost 10% stake in Daimler in a US$9 billion (RM35 billion) bet by its chairman that he can access the Mercedes-Benz owner’s technology in the growing battle for the future of automotives. The purchase by Li Shufu, Geely’s founder and main owner, means China’s largest privately owned automaker […]

CONTINUE READING

Retail Asia05/02/2018

101975912-alibaba-group-jack-ma.1910x1000-1024x536.jpg

Continuing momentum in Alibaba Group’s New Retail business helped drive a 56 per cent year-on-year growth in sales for the quarter to December 31. The performance of the New Retail category – which combines its online (non-marketplace) and fast-growing offline retail businesses, including investments in Sun Art Retail and other established businesses – was a […]

CONTINUE READING

Retail Asia18/12/2017

After a decade of development, often through buying or benchmarking foreign technology and know-how, Chinese automakers are looking with greater ambition at selling their cars in major Western markets. Improvements in car design, technology and marketing at firms including Geely, GAC Motor and Great Wall Motor have brought them a bigger share in their home […]

CONTINUE READING

Retail Asia16/08/2017

China’s Geely Automobile Holdings Ltd said on Wednesday that first-half profit more than doubled, scoring its fastest earnings growth in eight years as cars designed with its Swedish unit Volvo won over domestic consumers. Although known at one point more for its copycat designs and lower quality vehicles, the Hangzhou-based firm has transformed itself into […]

CONTINUE READING

Retail Asia07/08/2017

Sweden’s Volvo Cars, a unit of Zhejiang Geely Holding Group, has agreed to make some engines available for Geely-branded vehicles, sources said, deepening ties between the carmakers who already share technology through third brand Lynk & Co. Three people close to Geely and Volvo said the first Volvo-powered Geely model was expected to hit the […]

CONTINUE READING

Retail Asia23/03/2017

China’s Geely Automobile Holdings posted its biggest profit growth in eight years on Wednesday, as improved product design and engineering following its 2010 purchase of Sweden’s Volvo helped propel it to record sales. Geely, which also owns the maker of London’s black cabs, has already forecast a 31 percent jump in sales for the current […]

CONTINUE READING

Retail Asia23/10/2016

Chinese automaker Geely, the owner of Volvo cars, showed off the first model of its new Lynk & Co brand in Germany on Thursday, a compact SUV aimed at taking on the likes of BMW and Mercedes-Benz, as well as ride-hailing service Uber, across the world. The Lynk, made in China, will go on sale […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X