geely

Geely Holding group announced that its all-electric brand ZEEKR has welcomed a $750 million Series A funding round led by major companies like battery giant CATL. Upon completion of the five member investment, ZEEKR will be valued at $13 billion as it looks to expand to new markets in Europe and a possible IPO in the US.

Young Chinese EV brand ZEEKR is looking to significantly expand its sales and global footprint in 2023, according to an internal letter outlining several of the Geely-owned marque’s goals. In addition to introducing two new EV models this year, ZEEKR is planning to enter key markets in Europe. It makes us wonder if the US could soon be next.

The iconic Lotus brand is going public on the US Nasdaq exchange under the ticker LOT as the pioneering luxury EV maker looks to become a global competitor.

The owner of Polestar and Volvo brands, Geely, is teasing a new electric sedan set to debut later this year officially.

Chinese automotive conglomerate Geely Group has posted its annual sales results for 2022, which accounted for more than 2.3 million vehicles sold and nearly 5% growth overall. Although not all of those sales were all-electric models, EVs accounted for nearly a third of them. Here’s how each of the Group’s EV brands performed in 2022.

Luxury EV brand ZEEKR appears poised to be the next Chinese automaker to enter the US stock market by confidentially filing for an IPO. An influx of US cash could certainly aid the Geely Auto-owned brand in its plans to expand to Europe and North America, especially if it hits the $10 billion valuation it is reportedly seeking.

Less than six months after Geely Group announced a new outdoors-centric marque called Radar Auto, the nascent brand has launched its first electric pickup truck in China – the RD6. Production is officially underway overseas and order books have opened, starting at an MSRP around $25,000.

Chinese automaker Geely Auto released strong first-half 2022 results today, showing a massive surge in EV sales. The automaker continues growing its electric segment, with pure electric vehicle sales surging 520% from 2021.

During its inaugural partner’s conference in Shanghai, autonomous-centric robotic car brand JIDU shared details of its lofty production expansion goals overseas. Furthermore, the CEO of parent company Baidu, said JIDU’s autonomous driving technology will “lead the Tesla generation.”

Rivian did it first, Ford did it the biggest, and now China is next. Geely Auto is entering the nascent electric pickup truck segment with an entirely new brand called Radar Auto. The new outdoors-centric marque officially launched today along with images of its flagship EV called the RD6. In addition to electric pickups, Radar also has plans for SUVs and ATVs.

Just over a year after being founded, intelligent EV startup JIDU is on the cusp of officially unveiling the concept of its first vehicle, referred to as the “Robocar.” Following delays due to COVID-19 restrictions in China, JIDU announced the EV concept will debut at its ROBODAY event in June.

UK-based sports car manufacturer, Lotus Cars, has officially unveiled details of its long-teased “Type 132” electric SUV. Today, the brand announced the EV will be dubbed the Eletre (pronounced “El-etra”) – calling it the “world’s first hyper-SUV.” We now have a slew of new specs and features to ponder.

Chinese multinational automotive company, Geely, has shared a recent update from its Technology Group subsidiary showing battery swap capabilities integrated into what it calls Heavy Goods Vehicles (HGVs). The battery swap stations operate under the same concept as passenger EVs, but use a different swap method without having to lift the hefty construction vehicles.

Intelligent EV startup JIDU announced a closed round of Series A funding that raised nearly $400 million dollars. The financing was led by JIDU’s parent company Baidu Group, and its business partner Zhejiang Geely Holding Group – the largest auto manufacturer in China. JIDU plans to use the funds for R&D of its teased “Robocar” concept, aiming for mass production in 2023.

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 first fruits of a joint venture between Chinese automotive giant Geely and two-wheel experts Lifan have just been leaked ahead of their expected debut – and we can understand why someone just couldn’t wait. “Maple Leaf 60S” says it all!

As we eagerly slam the book shut on 2021 and look toward a promising year of further EV adoption in 2022, it’s important to look back and assess how far the global market has come during this most recent trip around the Sun. From there, we can compare 2021’s numbers to the year prior and gain an idea of the trajectories many of the major EV automakers may travel on into 2022. We will begin with EV deliveries in China, a rich mecca of EV production and innovation with many companies now expanding to other markets around the globe.

Everywhere you look, you can see signs of an automotive market that’s been hit hard by a silicon “chip shortage.” Everywhere that is, except Tesla, where a more flexible, software-focused approach and sturdier grip on its critical parts supplies have allowed the company to nearly double its deliveries from the year before. Over in China, Geely and Foxconn have taken notice.

You know Geely as the Chinese money behind Volvo, Polestar, and Lotus – but they’re a lot bigger than that. Geely has its own brand, is backing an electric Smart revival, and recently invested billions in Mercedes’ parent company, Daimler, to become a top shareholder. Geely means business, in other words, and the CEO of their newest premium EV brand, Zeekr, has eyes on America.

Chinese automotive conglomerate Geely is reportedly spinning off a pickup truck business from its commercial EV division. Geely is working to release an all-electric pickup in the second half of next year that may very well someday compete against nascent US automaker Rivian.

Farizon Auto, the commercial vehicle branch of Geely, launched a new electric semi-truck concept called the Homtruck. While the unveiled vehicle remains a concept, Geely has already shared intentions to enter production and begin deliveries in 2024. Furthermore, the Chinese automaker is planning to roll out the Homtruck semi in international markets too, including North America.