Following on from the announcement of a cooperation between Baidu and Geely Holding Group on July 3rd 2019, Reuters reports have incorrectly indicated that Geely Holding Group and Baidu will cooperate in the area of autonomous drive. Geely Holding and Baidu’s cooperation is limited to the research and development and application of Artificial Intelligence (AI) in the automotive ecology with the goal of providing our end users with a leading experience
At the “2019 Baidu Create”, Baidu’s Artificial Intelligence Development Conference, Li Shufu, Chairman of Zhejiang Geely Holding Group (Geely Holding) and Robin Li, Founder, Chairman and CEO of Baidu, announced that Geely Holding and Baidu will strategically cooperate in the fields of intelligent connectivity, smart mobility, smart home, e-commerce and in other areas related to AI technology. The two parties will jointly explore the development AI applications in the automotive ecosystem, with the long term aim of accelerating the large-scale popularization of intelligent connected vehicles in China and internationally.
Zhejiang Geely Holding Group (ZGH) officially released the 2018 Corporate Social Responsibility Report on June 17. This was the Group’s seventh Corporate Social Responsibility since it first began in 2012. In 2018, ZGH focused substantial attention towards the sustainable management methods and aligned the Group’s social responsibility strategy with the United Nations Sustainable Development Goals.Download PDF
Shanghai Maple Guorun, an indirect 99% owned subsidiary of Geely Automobile Holdings (HK.0175), the listed arm of Geely Auto, today announced a new joint venture partnership with LG Chem of South Korea, one of the world’s leading manufacturers of electric vehicle batteries.
A joined venture was signed between Proton Edar Sdn. Bhd., the sales and marketing arm of PROTON Holdings (“PROTON”), ECARX (Hubei) Technology Co. Ltd. (“ECARX”), a connectivity company invested by Zhejiang Geely Holding Group, (“ZGH”) and Altel Communications Sdn. Bhd. (“Altel”), a Malaysian-based telecommunications services provider. The three-way joint venture aims to establish a car connectivity R&D centre in Malaysia that will serve both the Malaysian market, as well as the greater ASEAN region. Shareholding of the company will be split accordingly between the three parties while key management personnel will be appointed in due course. In terms of staff, the joint venture company aims to aggressively recruit local talents.
Geely New Energy Commercial Vehicle Group’s (GCV) subsidiary brand, Yuan Cheng, launched two new zero-emission buses at a ceremony in Beijing, the F12 hydrogen fuel cell bus and C11 pure electric bus.
At the second Belt and Road Forum for International Cooperation held in Beijing, Malaysia’s Prime Minister Dr. Mahathir witnessed the exchange of agreements between Malaysia’s national carmaker PROTON with Pakistan’s Al-Haj Automotive Group to build a new complete knock-down kit assembly plant in Karachi, Pakistan and an exchange of agreements between PROTON and China Construction Bank in which PROTON will receive a 1.88 Billion MYR (3.1 Billion RMB) loan for further R&D and infrastructure development.
Geely Commercial Vehicle Brand, Yuan Cheng Auto, Officially Launches World’s First M100 Methanol Heavy Truck
26 April 2019, Nanchong, Sichuan – Geely New Energy Commercial Vehicle Group (GCV) subsidiary brand Yuan Cheng Auto announced the launch and sale of the world’s first M100 methanol fuel heavy truck produced at GCV’s Nanchong Plant. The new commercial vehicle is offered in three variants, standard, mountain, and regional logistics version. The development of…
Lynk & Co Cyan Racing and Thed Björk delivered the first ever victory by a Chinese manufacturer in a FIA sanctioned World Cup of racing. The victory in the FIA WTCR season opener on the streets of Marrakech, Morocco, has taken the Swedish driver to the points lead.
Daimler AG (Daimler) and Zhejiang Geely Holding Group (Geely Holding), the German and Chinese automotive groups, today announced the formation of a 50-50 globally focused joint venture to own, operate and further develop smart, the pioneer of small urban vehicles, as a leader in premium-electrified vehicles.