Tag: Geely

Chinese FAW Group’s talks to acquire Italian truck major Iveco now on hold

Chinese state-owned carmaker FAW Group held talks to acquire Italian truck group Iveco earlier this year but these have now been put on hold, two people close to the matter said. FAW made a preliminary offer in July, valuing Iveco at a bit more than 3 billion euros ($3.5 billion), one of the sources said. The source said… Continue reading Chinese FAW Group’s talks to acquire Italian truck major Iveco now on hold

Chinese FAW Group’s talks to acquire Iveco held this year now on hold: sources

FILE PHOTO: The logo of China FAW Group Corp is pictured at the Auto China 2016 auto show in Beijing, China, April 26, 2016. REUTERS/Kim Kyung-Hoon FRANKFURT/HONG KONG/SHANGHAI (Reuters) – Chinese state-owned car maker FAW Group held talks to acquire Italian truck group Iveco earlier this year but these have now been put on hold,… Continue reading Chinese FAW Group’s talks to acquire Iveco held this year now on hold: sources

Chinese EV maker Xpeng, its CEO invest in air taxi startup

Chinese electric vehicle (EV) maker Xpeng Inc said on Saturday that along with its CEO, He Xiaopeng, it has invested in air taxi startup Xpeng Heitech, as the global auto industry explores future mobility. Air taxis are vertical take-off and landing (VTOL) aircraft that use electric motors instead of jet engines. Designed to avoid the need for long runways, they have rotating wings and, in some cases, rotors in… Continue reading Chinese EV maker Xpeng, its CEO invest in air taxi startup

World NM: Geely Unveils New Platform in Push to Develop Self-Driving Electric Cars000181

Chinese automaker Zhejiang Geely Holding Group Co. Ltd. debuted its first electric-vehicle focused modular platform on Thursday, as part of its five-year plan to produce self-driving electric vehicles. Hong Kong-listed Geely Group has invested over 18 billion yuan ($2.65 billion) in developing the new platform, but it faces stiff competition in the electric vehicle platform… Continue reading World NM: Geely Unveils New Platform in Push to Develop Self-Driving Electric Cars000181

Geely unveils new Xing Rui sedan for Chinese market

Geely Auto Group, China’s leading privately held and fastest growing automotive brand, today unveiled the production model based on its Preface Concept Sedan at the 2020 Beijing Auto Show. The Compact Modular Architecture- (CMA) based sedan has been named Xing Rui for the Chinese market.  This is the second CMA-based model within the Geely range… Continue reading Geely unveils new Xing Rui sedan for Chinese market

Volvo Cars readies first green bond to support electric car strategy

By Reuters Staff 2 Min Read FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer STOCKHOLM (Reuters) – Volvo Cars, owned by China’s Geely Holding, said on Thursday it had established a new framework to help it fund its electrification strategy… Continue reading Volvo Cars readies first green bond to support electric car strategy

Intel: Mobileye, Geely to Offer Most Robust Driver-Assistance Features

Chinese automaker Geely Auto Group unveiled its premium electric vehicle, the Zero Concept from Lynk & Co, in September 2020 at the Beijing Auto Show. The Zero Concept EV will feature Lynk & Co’s CoPilot solution powered by Mobileye SuperVision surround-view advanced driver-assistance system with over-the-air update capabilities. (Credit: Geely Auto Group) BEIJING, Sept. 24,… Continue reading Intel: Mobileye, Geely to Offer Most Robust Driver-Assistance Features

Intel: Why the Geely Auto Group Win is a Game Changer

Amnon ShashuaSenior Vice PresidentPresident and CEO of Mobileye, an Intel Company By Amnon Shashua As I have said consistently, it is critical to first get the technology right before bringing it to production to enable rapid scaling. The deal we announced with Geely Auto Group today, which utilizes our proven surround-view advanced driver-assistance system (ADAS),… Continue reading Intel: Why the Geely Auto Group Win is a Game Changer