#GEELY

Business

World’s Top Auto Brands Defend Their Rankings

Brands are forever jockeying for superiority over their rivals.

Production

Boeing Joint Venture to Test Autonomous Air Taxis

New Zealand program promises to be a world first for tests involving consumers 

Batteries

Volvo Says EV Demand Is Big

Even though the XC40 Recharge P8 AWD won’t be out for some months, seems global demand is strong

Economics

Geely Ponders Stake in Aston Martin

Geely Holdings reportedly has joined the list of investors eyeing stakes in financially struggling Aston Martin.

Propulsion

Geely, Daimler Finalize EV Venture

Daimler and Geely are ready to revive the German company’s Smart minicar brand as a global electric car company.

Business

Daimler Angles for Control of China Venture

Daimler is quietly trying to take majority control of its carmaking operations in China.

Car/Ride Sharing

Daimler, Geely Launch Ride-Hailing JV in China

Daimler AG and Zhejiang Geely Holding Group are launching their StarRides premium ride-hailing service in China.

Business

Geely: No Plans to Buy Bentley

China’s Zhejiang Geely Holding Group says it has no plans to buy Bentley from Volkswagen Group, countering reports last week to the contrary.

Business

Report: BAIC Aims to Hike Stake in Daimler

China’s BAIC Group (Beijing Automotive Industry Holding Co.), which acquired a 5% stake in Daimler AG for $2.8 billion in July, wants to increase its holding in the German carmaker.

Business

JLR Chief Welcomes Alliances, Rules Out Merger

Jaguar Land Rover CEO Ralf Speth reiterates that the company would welcome alliances on technology and components but doesn’t need a merger partner.

Business

Report: Tata in Talks about JLR Sale

India’s Tata Group has made overtures to other carmakers—including BMW AG and Geely—about divesting at least part of its struggling Jaguar Land Rover Ltd. unit, sources tell Bloomberg News.

Business

Lotus Engineering Targets Growth

After years of dwindling sales, Group Lotus plc’s engineering unit aims to reestablish itself and grow its sales within owner Geely Auto Group and to other carmakers in coming years.

Production

Polestar Names 1st N. American Retail Partner

Volvo Cars Corp.’s Polestar electric vehicle unit has selected Groupe Park Avenue in Montreal as its first retail partner in North America.

Propulsion

Geely, Volvo to Merge Engine Operations

China’s Zhejiang Geely Holding Group and its Volvo Car Corp. unit are merging their engine operations to form a new stand-alone business that will develop and supply conventional engines and hybrid-electric systems to Geely’s brands.

Propulsion

Volvo Adds Plug-In Hybrid XC40 Crossover

Volvo Car Corp. says the launch of a plug-in hybrid version of its new XC40 compact crossover vehicle makes the company the world’s first to offer such variants for all models. 

Autonomous Vehicles

Geely Invests in Second Flying Car Company

Zhejiang Geely Holding Group, which acquired flying car developer Terrafugia Inc. two years ago, has invested in German startup Volocopter GmbH.

Lynk Cyan Sets Sedan, FWD ’Ring Records

Geely Automobile Holding Co.’s Lynk & Co. unit has become the first Chinese carmaker to set a track record on Germany’s famed Nurburgring Nordschleife circuit.

Economics

Geely’s Net Profit Plunges 40%

China’s Geely Automobile Holding Co. says its net profit in the first half of 2019 skidded 40%, as unit sales and revenue suffered double-digit declines.

Business

Malaysia Rekindles Plan for Domestic Carmaker

Malaysia again hopes to establish a new national car brand, this time through a partnership with Toyota’s Daihatsu Motor Co. unit.

Economics

BAIC Buys 5% Stake in Daimler

China’s BAIC Group (Beijing Automotive Industry Holding Co.) has acquired a 5% stake worth €2.5 billion ($2.8 billion) in Daimler AG.

Volvo Mulls Bigger—and Smaller—Crossovers

Volvo Car Corp. may add SUV/crossover models that are larger—and smaller—than the ones it sells now, CEO Hakkan Samuelsson tells Auto Express.

Production

Lotus Outlines Production Plans

Group Lotus plc ponders major increases in production, including mass-market vehicles built in China.

Hybrid

All Future Lotus Models to Get EV Variant

Group Lotus plc, which unveiled its first all-electric model this week, plans to offer electric variants of all future vehicles.

Propulsion

Lotus Unveils 1,900-hp EV

Group Lotus plc’s all-new Evija electric hypercar will generate more than 1,970 hp and 1,250 lb-ft of torque, which the carmaker boasts will make the vehicle the most powerful production model in history.