New 50:50 joint venture to produce batteries in China. Joint venture to have a registered capital of 188 million USD 2019 June 13, Hangzhou Bay, China. 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…
2019 June 12. Tanjung Malim, Malaysia. China’s Minister of Industry and Information Technology, the Honourable Mr Miao Wei, arrived at PROTON’s Tanjung Malim plant today as part of a work visit to Malaysia. Accompanying him was YB Tuan Eddin Syazlee Shith, Malaysia’s Deputy Minister of Communications and Multimedia along with government officials from both countries.…
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.
Geely Holding has no plans to expand its current portfolio and has not entered into any commercial talks with the opposing party. Geely Holding is fully focused on developing its own internal innovation ability as well as its long-term sustainable development, with the goal of providing our end users with a leading experience.
Zhejiang Geely Holding Group (Geely Holding) today announced that aggregate sales across its three automotive subsidiary units - Geely Auto Group, Volvo Car Group and Geely New Energy Commercial Vehicle Group– rose 18.3% to over 2.15 million units in 2018 compared to 1.81 million units in 2017.
Statement As a long term investor Zhejiang Geely Holding has not sold any shares. The Daimler shareholding remains unchanged. Zhejiang Geely Holding Group January 11, 2019