#geely automobile holdings ltd

[youthchronical]

China's Xiaomi delivers 20,000 EVs in October, just months after launching its first car

Chinese smartphone company Xiaomi on Tuesday announced a sports car version of its SU7 electric sedan would begin preorders for the equivalent of more than $110,000. Luna Lin | Afp | Getty Images BEIJING — China’s Xiaomi said Tuesday that it had delivered more than 20,000 SU7 EVs in October as it ramps up production for its electric car venture in a fiercely competitive market. The Chinese…

[shautopartsblog]

Geely plans to launch its Polar Krypton Electric Car in South Korea in early 2026

Source: Gasgoo

Geely Auto plans to launch its first premium electric vehicle in South Korea as early as 2026, joining other Chinese automakers in challenging the South Korean market to compete with Hyundai Motor Co and Kia Motor Co, which dominate the market.

Geely Auto said its premium electric vehicle brand Polkrypton will open showrooms in Seoul and Gyeonggi Province by the end of next year, with local deliveries starting in the first quarter of 2026. While these plans have not been finalized, sources say Geely Auto’s first model to be released in South Korea may be the Polkrypton 001, an electric car that can travel 620 kilometers on a single charge.

Polar krypton 001; Image Source: Polar Krypton Motors

Under a new regulation in South Korea, the government will give more subsidies to electric vehicles that use more recycled metals such as lithium, nickel, cobalt and manganese. Although the new regulation is not very favorable for Chinese automakers who typically use lithium iron phosphate (LFP) batteries, they are still attracted to enter the Korean market.

On July 5, the European Commission formally imposed temporary countervailing duties on pure electric vehicles imported from China. Previously, the United States also imposed tariffs of up to 100 percent on imported electric vehicles made in China. Faced with this, Chinese carmakers are looking to grow in other markets. Byd is also preparing to launch its passenger cars in South Korea, while Chinese-made electric buses already account for about 40 per cent of the country’s electric bus fleet, according to Carisyou.

Geely Auto is not a completely unfamiliar name in the South Korean market. In 2022, Geely Auto acquired a 34 percent stake in Renault’s South Korean subsidiary, deepening cooperation between the two automakers in developing environmentally friendly models. Geely’s Polestar 4 electric SUV will go into production at Renault’s Busan plant in South Korea in the second half of 2025.

In addition, Geely Auto has also signed a battery development cooperation agreement with South Korea’s SK Group and a partnership with Posco International Inc. Signed an agreement to sell and service its commercial vehicles in South Korea.

Lee Hang-Koo, director of the Jeonbuk Automotive Convergence Technology Research Institute, said that in South Korea, “there is a market demand for high-end electric vehicles, as shown by Tesla’s success”. Tesla’s Model Y is the best-selling foreign model in South Korea so far this year. “Chinese electric vehicles have a lot of digital features” that appeal to South Korean consumers who love new technology, Mr Lee adds. Lee Hang-Koo also said that in the face of tariffs from Europe and the United States, Geely Auto may consider using Renault’s South Korean plant to produce electric vehicles for export

[versatile-blogger-1]

Asia (Japan, South Korea, China, India, ASEAN) Fuel Efficient Vehicles Market Is Estimated To Witness High Growth Owing To Increasing Adoption Of Electric Vehicles

Market Overview: The Asia Fuel Efficient Vehicles market refers to the market for fuel-efficient vehicles in the Asia region, including countries such as Japan, South Korea, China, India, and ASEAN countries. These vehicles are designed to minimize fuel consumption and reduce carbon emissions, making them more environmentally friendly compared to traditional vehicles. Fuel-efficient vehicles can include electric vehicles, hybrid vehicles, and vehicles with advanced fuel-saving technologies. The market for fuel-efficient vehicles is driven by increasing environmental concerns and government regulations aimed at reducing carbon emissions from the transportation sector.

The global Asia Fuel Efficient Vehicles Market Growth is estimated to be valued at US$ 1,013.82 Bn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One key trend in the Asia Fuel Efficient Vehicles market is the increasing adoption of electric vehicles (EVs). EVs have gained significant popularity in recent years due to their zero-emission nature and lower operating costs compared to traditional internal combustion engine vehicles. Governments across the region are implementing various incentives and subsidies to promote the adoption of EVs among consumers. For example, the Chinese government offers subsidies and tax exemptions for the purchase of EVs. In addition, the growing charging infrastructure in the region is making EV ownership more convenient for consumers. These factors have led to a surge in the demand for electric vehicles in Asia. PEST Analysis: Political: Governments in Asia are implementing policies and regulations to promote the adoption of fuel-efficient vehicles and reduce carbon emissions. These include offering incentives and subsidies for the purchase of electric vehicles and imposing stricter emission standards for conventional vehicles. Economic: The economic growth in Asia has led to an increase in disposable income and a growing middle class, which has resulted in higher car ownership rates. Rising fuel prices and the lower operating costs of fuel-efficient vehicles are driving the demand for such vehicles in the region. Social: Rapid urbanization and increasing awareness about environmental issues have led to a shift in consumer preferences towards more sustainable transportation options. Consumers are becoming more inclined to choose fuel-efficient vehicles to reduce their carbon footprint. Technological: Advancements in technology have led to the development of more efficient engines and energy storage systems for electric vehicles. The availability of advanced technologies is facilitating the growth of the fuel-efficient vehicles market in Asia. Key Takeaways: - The global Asia Fuel Efficient Vehicles market is expected to witness high growth, exhibiting a CAGR of 7.9% over the forecast period, due to increasing adoption of electric vehicles. - China is anticipated to be the fastest-growing and dominating region in the Asia Fuel Efficient Vehicles market, driven by government initiatives and a growing charging infrastructure. - Key players operating in the global Asia Fuel Efficient Vehicles market include Toyota Motor Corporation, Honda Motor Co., Ltd., Hyundai Motor Company, Kia Corporation, Nissan Motor Co., Ltd., BYD Auto Co., Ltd., SAIC Motor Corporation Limited, Geely Automobile Holdings Limited, Tata Motors Limited, Mahindra & Mahindra Ltd., Maruti Suzuki India Limited, Mitsubishi Motors Corporation, Proton Holdings Berhad, Perusahaan Otomobil Kedua Sendirian Berhad (Perodua), and Groupe PSA. In conclusion, the Asia Fuel Efficient Vehicles market is experiencing significant growth due to the increasing adoption of electric vehicles and the implementation of government incentives and regulations. The market is expected to witness substantial growth in the coming years, driven by environmental concerns and the need for sustainable transportation solutions. Key players in the market are focusing on technological advancements to develop more fuel-efficient and environmentally friendly vehicles.

[notiziariofinanziario]

Geely diventa il terzo principale azionista di Aston Martin

l gruppo cinese Geely diventa il terzo principale azionista di Aston Martin investendo oltre 269 milioni di euro nelle azioni del costruttore britannico di auto sportive ed extra lusso. La prima parte dell'investimento consiste nell'acquisto di circa 48 milioni di euro in azioni ordinarie detenute dal principale azionista, la società di investimenti guidata dal miliardario canadese - e presidente di Aston Martin - Lawrence Stroll. Questa prima tranche prevede il pagamento di 3,35 sterline per ogni azione (circa 3,85 euro al cambio attuale), contro una quotazione di borsa fissata ieri a 2,31 sterline (circa 2,65 euro). Allo stesso prezzo Geely ha già sottoscritto una seconda quota da oltre 32 milioni di euro. Il 17% di Aston Martin diventa di Geely Con una quota azionaria del 17%, la Geely Automobile Holdings Ltd entra quindi con una cifra importante tra i principali proprietari di Aston Martin Lagonda, dietro alla citata Yew Tree e al Public Investment Fund dell'Arabia Saudita. In questo modo il gruppo cinese Geely, che nel 2022 è risultato il 16° Costruttore al mondo come vendite di auto, divenendo anche membro del consiglio di amministrazione di Aston Martin. Nell'annunciare la decisione di Geely lo stesso Stroll ha detto: "Geely Holding, che è diventata inizialmente azionista lo scorso anno, vede un enorme potenziale per la crescita e il successo a lungo termine di Aston Martin. Ci offrono una profonda conoscenza del mercato strategico in crescita che la Cina rappresenta, nonché l'opportunità di accedere alla loro gamma di tecnologie e componenti." Un altro passo di Geely in EuropaRicordiamo che Geely è già presente in forza sul mercato europeo con marchi come Volvo, Polestar, smart, Lotus, Lynk &Co e LEVC, la società britannica che produce i nuovi taxi londinesi ibridi plug-in. In arrivo sono anche i SUV elettrici marchiati Zeekr, sempre del gruppo cinese Geely. Qui sotto trovate invece l'elenco completo dei marchi auto del gruppo Geely, compresi quelli in joint venture con altri costruttori: - Farizon - Geely - Geometry - Jidu - LEVC - Lotus - Lynk & Co - Maple - Polestar - Proton - Radar - smart - Zeekr - Volvo Read the full article

[thelost-truth]

Chinese search giant Baidu to create an electric vehicle company

Chinese search giant Baidu to create an electric vehicle company

The Baidu Inc. logo is displayed on the company’s headquarters on July 3, 2019 in Beijing, China. Wan Xiaojun | Visual China Group via Getty Images GUANGZHOU, China — Chinese internet giant Baidu has formed a strategic partnership with automaker Geely to create a standalone electric vehicle unit, the companies confirmed on Monday. The new unit will operate as an independent subsidiary of Baidu,…

[reportwire]

Fund manager says he's staying clear of EV makers — and names other ways to play the EV boom

Fund manager says he's staying clear of EV makers — and names other ways to play the EV boom

Fund manager Roderick Snell tells CNBC why he is playing the EV revolution a different way despite all the hype around electric vehicle manufacturers. Source link

[freenewstoday]

New Post has been published on https://freenews.today/2021/02/18/baidu-finds-ceo-for-its-electric-car-company-and-aims-to-launch-vehicle-in-3-years/

Baidu finds CEO for its electric car company and aims to launch vehicle in 3 years

A woman walks past the Baidu booth at the China International Technology Fair in Shanghai.

STR | AFP | Getty Images

GUANGZHOU, China — Baidu has tapped the co-founder of bike-sharing start-up Mobike to be the chief executive of its electric car venture with Chinese automaker Geely, a source with knowledge of the matter told CNBC.

Last month, Baidu and Geely formed a strategic partnership to create a standalone electric car company. Baidu is the majority shareholder.

On the search giant’s fourth quarter earnings call on Thursday morning in Asia, CEO Robin Li said the electric vehicle company had picked a leader for the venture without disclosing a name.

But CNBC has confirmed Xia Yiping, co-founder of Mobike, will be the CEO of the new entity, according to the source who requested anonymity as they were not allowed to discuss the information publicly.

Baidu declined to comment when contacted by CNBC. Geely said it was not familiar with the appointment of Xia. Reuters first reported the news.

Xia previously worked at Fiat Chrysler and Ford before he co-founded Mobike, according to his LinkedIn profile. Mobike was part of China’s boom — and eventual bust — in shared bike start-ups. Mobike was eventually acquired by Chinese food delivery giant Meituan in 2018.

On the earnings call, Li revealed that Baidu’s electric car firm hopes to launch its first vehicle within three years. Li also said a brand name has been chosen but did not release it.

Baidu’s push into electric vehicles is an attempt to diversify its business beyond just advertising.

On Wednesday, Baidu reported fourth quarter earnings for 2020 that beat market expectations. In particular, non-marketing revenue — which excludes advertising and includes its cloud and autonomous driving business — grew 52% year-on-year.

Source

[b360news]

Geely Automobile outlook as China returns to work after coronavirus outbreak Employees operate on an Emgrand 7 series assembly line at the Geely Automobile Holdings Ltd. factory in Cixi, Zhejiang Province, China, on 21 June, 2012.

[stocktok]

Things to know about Geely Auto Group

Do you know that the chairman of Geely Auto group Mr. Li Shufu also owns brands like Polestar, Volvo and Lotus cars. Geely auto is one of the biggest car company in china and is a leading automobile manufacturer. The group manages several leading brands including Geely Auto, Lynk & Co, Proton Cars, and Geometry. Geely cars are categorized as New Energy, SUV/ Crossovers , Sedan and MPV The brand is known to make the safest, most eco friendly and most efficient cars. In this video get to know about Stock analysis of Geely auto and other interesting information about the company, so do watch the video will the end.

[ysicapital]

GAC Motor said it will postpone its launch in the U.S. because of the ongoing U.S.-China trade war.

[harshaddmr]

Global Light Commercial Truck Market To 2027 Historical, Current, And Projected Size Of The Market

Global Light Commercial Truck Market, By Vehicle Type (Pick-Up Truck, Vans, Bus, Crossovers and SUV), Product Type (Plastic Fuel Tank, Metal Fuel Tank), Drive Type (IC Engine, Electric/Hybrid), End User (Commercial Fleet, Government Fleet), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027

Market Analysis and Insights: Global Light Commercial Truck Market

Light commercial truck market is expected to witness market growth at a rate of 52.90% in the forecast period of 2020 to 2027. Data Bridge Market Research report on light commercial truck market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

Know More - https://www.databridgemarketresearch.com/reports/global-light-commercial-truck-market

The augmentation of the logistic division in emerging nations is foreseen to stimulate the increment of the business in the projection space. Developing architecture and e-commerce enterprises to generate possibilities. The digital emergence has an influential impression on the automobile enterprise, with developing online trade plentiful commercial transportation is being acquired to ship and transportation assets from storehouses to the consumer. Professionals are funding in commodity expansion to promote and augment the determination of the consumer by extending world-class merchandise. Nevertheless, the risks of rising geopolitical pressures owed to constantly protectionist commerce divisions restrain the growth of the market.

This light commercial truck market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research light commercial truck market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Light Commercial Truck Market Scope and Market Size

Light commercial truck market is segmented on the basis of vehicle type, product type, drive type, and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of vehicle type, the light commercial truck market is segmented into pick-up truck, vans, bus, crossovers and SUV.

On the basis of product type, the light commercial truck market is segmented into plastic fuel tank, and metal fuel tank.

On the basis of drive type, the light commercial truck market is segmented into IC engine, and electric or hybrid.

On the basis of end user, the light commercial truck market is segmented into commercial fleet, and government fleet.

Planning To Lay Down Future Strategy? Request Sample https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-light-commercial-truck-market

Light Commercial Truck Market Country Level Analysis

Light commercial truck market is analysed and market size, volume information is provided by country, vehicle type, product type, drive type, and end user as referenced above.

The countries covered in the market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

The requirement for vans crosswise Europe has been developing in the long run. They are utilized for an extensive variety of commercial ventures, such as building, mail and messenger duties, ambulance assistance, controlling and rescue services, and commuter transport.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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Competitive Landscape and Light Commercial Truck Market Share Analysis

Light commercial truck market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to light commercial truck market.

The major players covered in the light commercial truck market report are Toyota Motor Corporation, Volkswagen AG, HYUNDAI MOTOR GROUP, Fiat Chrysler Automobiles, Honda Motor Co., Ltd., Groupe Renault, Nissan, Groupe PSA, Zhejiang Geely Holding Group, ASHOK LEYLAND, suzuki motor corporation, Tata Motors and MITSUBISHI MOTORS CORPORATION among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Customization Available: Global Light Commercial Truck Market

Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.

About Us: Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact: Data Bridge Market Research Tel: +1–888–387–2818 Email: Sopan.gedam@databridgemarketresearch.com

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Chinese automaker Geely says it's on track to meet output target despite 2019 profit miss

Chinese automaker Geely says it’s on track to meet output target despite 2019 profit miss

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Employees operate on an Emgrand 7 series assembly line at the Geely Automobile Holdings Ltd. factory in Cixi, Zhejiang Province, China, on 21 June, 2012.

Qilai Shen

Chinese carmaker Geely Automobile said it was expecting business to recover in the near-term after a disappointing year as the country’s auto industry battled lockdowns due to coronavirus and U.S.-China trade tariffs.

[mrhfz90]

Chinese automaker Geely says it's on track to meet output target despite 2019 profit miss

Chinese automaker Geely says it’s on track to meet output target despite 2019 profit miss

[ad_1]

Employees operate on an Emgrand 7 series assembly line at the Geely Automobile Holdings Ltd. factory in Cixi, Zhejiang Province, China, on 21 June, 2012.

Qilai Shen

Chinese carmaker Geely Automobile said it was expecting business to recover in the near-term after a disappointing year as the country’s auto industry battled lockdowns due to coronavirus and U.S.-China trade tariffs.