Tag: Geely

Baidu’s electric car brand Jidu closes $400M Series A round

Once an industry with long development cycles, the automotive space is being upended by China’s tech giants. One can hardly keep up with all the new electric vehicle brands that come out of the country nowadays. Jidu, an electric carmaking company founded by Baidu and its Chinese auto partner Geely only a year ago, said… Continue reading Baidu’s electric car brand Jidu closes $400M Series A round

Baidu’s electric vehicle arm Jidu raises $400 mln in new funding round

Jidu, launched a year ago, is Baidu’s latest effort to leverage its artificial intelligence expertise for car-making. BEIJING: Baidu‘s electric vehicle (EV) arm Jidu Auto said on Wednesday that it had raised nearly $400 million from Baidu and Zhejiang Geely Holding Group in a fresh funding round. Jidu, an EV venture between China’s search engine… Continue reading Baidu’s electric vehicle arm Jidu raises $400 mln in new funding round

Baidu’s EV arm Jidu raises $400m in new funding round

Baidu’s electric vehicle (EV) arm Jidu Auto said on Wednesday that it had raised nearly $400 million from Baidu and Zhejiang Geely Holding Group in a fresh funding round. Jidu, an EV venture between China’s search engine company Baidu and Chinese automaker Geely, said in a statement that it would deliver its mass-produced “robot” cars in 2023.… Continue reading Baidu’s EV arm Jidu raises $400m in new funding round

New 2022 Volvo XC90 replacement could be called Embla

Volvo’s next-generation, all-electric replacement for the XC90 could be given the name Embla, according to new trademark applications made by the Swedish brand.  “This will be the first of its kind. We should also then mark that by deviating from our normal way of giving our cars names,” said outgoing Volvo boss Hakan Samuelsson at… Continue reading New 2022 Volvo XC90 replacement could be called Embla

Geely-Proton: READ MORE000028

24 Jan 2022 PROTON NAMED ONE OF THE OFFICIAL VEHICLES OF THE 19TH ASIAN GAMES HANGZHOU 2022 – Collaboration to expand awareness of the PROTON brand across Asia   – Activities and events planned to help promote the games in Malaysia    Subang Jaya, 22 January 2022 – PROTON is proud to announce that it has… Continue reading Geely-Proton: READ MORE000028

Geely and Renault sign agreement to take on S. Korean car market, together

Chinese automotive giant and Volvo/Polestar parent company, Geely, has signed an agreement with the French Renault Group to launch a new collaboration intended to bring fuel-efficient hybrid electric cars to South Korea, as well as export sales into other Asian markets. The Renault-Geely collaboration represents a continuation of efforts made by both companies in producing… Continue reading Geely and Renault sign agreement to take on S. Korean car market, together

Geely and Renault to build cars in South Korea

Geely and Renault to build cars in South Korea Read M&A insights you won’t find elsewhere Exclusive scoops Smart data to help spot risk and opportunity Analysis of broader trends in M&A Lex, our agenda-setting business commentary (Premium only) Due Diligence, an exclusive M&A newsletter (Premium only) Choose your subscription Trial Try full digital access… Continue reading Geely and Renault to build cars in South Korea

Renault inks pact with Geely Holding for HEVs in South-Korea

In a bid to increase penetration in Asian HEV market, Renault Group and China’s Geely Holding Group (Geely Group), have signed an agreement to launch a new collaboration dedicated to bringing fuel-efficient Hybrid Electric Vehicles (HEV) and Internal Combustion Engine (ICE) models in South Korea. The new vehicles will be produced at the Renault-Samsung facility in… Continue reading Renault inks pact with Geely Holding for HEVs in South-Korea

@Daimler: Mercedes-Benz partners with Luminar to enhance pioneering work in next-generation

Stuttgart/Orlando.  Today, Mercedes-Benz and Luminar Technologies, Inc., a leading global automotive technology company, announced a partnership to accelerate development of future automated driving technologies for passenger cars. A central component of this is the optimal access to new technologies and global competencies. The new partnership with Luminar underlines Mercedes-Benz’s policy of continuously expanding its network… Continue reading @Daimler: Mercedes-Benz partners with Luminar to enhance pioneering work in next-generation