JINHUA, CHINA, Sept. 13, 2021 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that it received the final payment from the sale of its 22% equity in Fengsheng Automotive Technologies Group Co., Ltd. back to Geely. According to the Equity Transfer Agreement, Kandi sold back its… Continue reading @Geely: Kandi Receives Final Payment from Fengsheng Sale
Tag: Geely
@Ford: Ford Pro Builds Accomplished Leadership Team Focused on Success of Commercial and Government Customers
Separate within Ford and unique among automakers, Ford Pro is a major result of the Ford+ plan for growth and value creation based on enduring, always-on relationships for customers Led by Ford Pro CEO Ted Cannis, the global leadership team represents a broad range of backgrounds and capabilities from inside and outside of Ford and… Continue reading @Ford: Ford Pro Builds Accomplished Leadership Team Focused on Success of Commercial and Government Customers
Autos & TransportationRenault in talks to end Chinese van venture with Brilliance – source7:31 AM UTC
The logo of carmaker Renault is seen at a dealership in Paris, France, August 15, 2021. REUTERS/Sarah Meyssonnier BEIJING/PARIS, Sept 9 (Reuters) – Renault (RENA.PA) is in advanced discussions to end its joint venture to build vans with China’s state-backed Brilliance (1114.HK), a source close to the matter said, as the French firm overhauls its… Continue reading Autos & TransportationRenault in talks to end Chinese van venture with Brilliance – source7:31 AM UTC
Chinese EV push into Europe sparks price competition
MUNICH — European automakers have begun to announce the rollout of affordable electric vehicles to counter the rise of Chinese competitors in their backyard. Volkswagen unveiled a compact EV, the ID Life, at the International Motor Show, which opened Tuesday and runs through Sunday in Munich. The model is due to go on sale in 2025… Continue reading Chinese EV push into Europe sparks price competition
@Geely: Wed 08 Sep 2021Lotus reveals Emira GT4 race carFrom the road to the racetrack: resurgent Lotus motorsport division expands global commitment with Emir…
Lotus reveals all-new, competition-spec Emira GT4 contender Follows recent technical partnership with Extreme E racing team JBXE Hand-built GT4 race car features unique new motorsport livery Developed in partnership with RML Group Another milestone in ongoing Lotus transformation (Hethel, UK – 8 September 2021) – Lotus, one of the most famous names in world motorsport,… Continue reading @Geely: Wed 08 Sep 2021Lotus reveals Emira GT4 race carFrom the road to the racetrack: resurgent Lotus motorsport division expands global commitment with Emir…
Geely’s ride-hailing unit Cao Cao Mobility raises $589M Series B to upgrade tech and expand fleet
Cao Cao Mobility, the ride-hailing unit of Chinese automaker Geely Automobile Holdings, has announced a $589 million (RMB 3.8 billion) Series B raise that the company says will help it upgrade its technology and expand its fleet, according to a statement released by the company (in Chinese). The raise, which Cao Cao announced on Monday,… Continue reading Geely’s ride-hailing unit Cao Cao Mobility raises $589M Series B to upgrade tech and expand fleet
@Geely: Geely Auto Invests in Leading Automotive Intelligence Technology Solutions Provider ECARX
Geely Automobile Holdings Limited (HK.0175) announced an investment of US$50 million into ECARX Geely Automobile Holdings Limited will acquire approximately 1.51% of ECARX as a result of investment 2021 September 07th, Hong Kong. Geely Automobile Holdings Limited (HK.0175) announced that it has signed a strategic investment agreement with ECARX Technology Co. Ltd.(ECARX) to acquire approximately… Continue reading @Geely: Geely Auto Invests in Leading Automotive Intelligence Technology Solutions Provider ECARX
Autos & Transportation · 4:49 AM UTCBritish sportscar maker Lotus plans China sales expansion to take on PorscheBritish sportscar maker Lotus plans to…
A Lotus sign is seen at the car plant headquarters in Hethel, Britain June 23, 2021. Picture taken June 23, 2021. REUTERS/Dylan Martinez/File Photo BEIJING, Sept 7 (Reuters) – British sportscar maker Lotus plans to open up to 70 showrooms in China by 2024 and start production at its new Wuhan factory next year to… Continue reading Autos & Transportation · 4:49 AM UTCBritish sportscar maker Lotus plans China sales expansion to take on PorscheBritish sportscar maker Lotus plans to…
Didi’s ride-hailing rival Cao Cao Mobility raises $600m to fund expansion
Geely’s Cao Cao Mobility said on Monday that it had raised 3.8 billion yuan ($589 million) to fund expansion, amid competition to grab market share from China’s embattled ride-hailing leader Didi Global Inc. Cao Cao‘s funding round comes as New York-listed Didi faces a cybersecurity investigation by Chinese authorities. Along with other ride-hailing companies, including Meituan’s, Cao Cao is offering promotions to… Continue reading Didi’s ride-hailing rival Cao Cao Mobility raises $600m to fund expansion
@Geely: Geely Automobile Holding Sales Volume For August 2021 Reach 88,348 Units
2021 September 6th, Hong Kong. Geely Automobile Holding Limited (Group) announced that the the total sales volume of the Group (including the sales volume of LYNK & CO-branded vehicles sold by the Group’s 50%-owned joint venture) for the month of August 2021 was 88,348 units, a decrease of approximately 22% from the same period last… Continue reading @Geely: Geely Automobile Holding Sales Volume For August 2021 Reach 88,348 Units