Leading Mobility Solutions Platform, CAOCAO, Raises 1 Billion RMB in First Round of Funding

January 17, 2018 | CAOCAO, Zhejiang Geely Holding Group

Cao Cao Raises 1 Billion RMB in Series A Round of Funding Cao Cao New Valuation Over 10 Billion RMB Cao Cao set to expand with trial operations in Shenzhen, Chongqing, and other key cities. 17th January  2018 Beijing, China. Zhejiang Geely Holding Group (ZGH) invested mobility solutions platform, CAOCAO (Cao Cao) today announced that the…

Geely Holding Acquires Strategic Stake in AB Volvo from Cevian Capital

December 27, 2017 | Zhejiang Geely Holding Group

Geely to become largest holder of share capital in Sweden’s leading commercial vehicles and industrial engineering group 27 December 2017, Hangzhou, China. Zhejiang Geely Holding Group (Geely Holding), China’s leading privately-owned automotive group, today announced it has reached agreement with Cevian Capital (Cevian), Europe’s largest activist fund manager, to acquire its entire 8.2% share capital holding…

Zhejiang Geely Holding Group Completes Acquisition of Terrafugia Inc

November 13, 2017 | Terrafugia, Zhejiang Geely Holding Group

Terrafugia Inc to become fully owned subsidiary of Zhejiang Geely Holding Group Geely Holding committed to investing in Terrafugia to make flying car a reality US-based engineering team already expanded considerably in anticipation of takeover 13 November 2017, Hangzhou and Boston. Zhejiang Geely Holding Group (‘Geely Holding’) is pleased to announce it has entered into…

Volvo Cars and Geely Holding Invest 5 Billion RMB to Develop Polestar

October 17, 2017 | Polestar, Volvo Car Group, Zhejiang Geely Holding Group

Volvo Cars and Geely Holding jointly invest 5 billion RMB to support the initial phase of Polestar’s product, brand and industrial development. The investment will be used, among other things, to establish a state-of-the-art Polestar manufacturing facility in Chengdu, China. Polestar’s first production car, the Polestar 1, is a 600hp two-door, four-seater hybrid coupé with…

Geely Becomes Largest Shareholder in Saxo Bank

October 2, 2017 | Zhejiang Geely Holding Group

Sampo plc new shareholder in Saxo Bank and Geely becomes largest shareholder  2 October 2017, Hangzhou. Shareholders of Saxo Bank Group (“Saxo”), a leading multi-asset trading and financial-technology firm, have received an offer from Sampo Group, a leading Nordic financial services group, to take up a stake of 19.9 percent of the bank. In May 2017, it was…

Geely Holding and DRB-HICOM Names Nominees to PROTON Group Boards

September 29, 2017 | PROTON, Zhejiang Geely Holding Group, 吉利汽车集团, 宝腾汽车, 浙江吉利控股集团

Dr. Li Chunrong, appointed CEO of PONSB, leads executive team of global experts Full revitalization of PROTON Group underway 29 September 2017, Shah Alam, Malaysia. Exactly one hundred days after the signing of the Definitive Agreement between DRB-HICOM Berhad (DRB-HICOM) and Zhejiang Geely Holding Group (Geely Holding) on 23 June, the two companies have confirmed…

China’s New Diplomatic Fleet

September 7, 2017 | Geely Auto Group, Zhejiang Geely Holding Group

50 new Geely GC9 delivered for foreign affairs use   7 September 2017, Beijing, China. Geely Auto (Geely) announced today that China’s Ministry of Foreign Affairs Service Bureau would continue to use Geely’s flagship sedan, the Geely GC9, within its diplomatic fleet. Fifty new Geely GC9s were delivered to the Beijing Diplomatic Service Bureau at…

Zhejiang Provincial Party Secretary Che Jun Visits Volvo Sweden Headquarter and Test New LYNK & CO 01

August 30, 2017 | Geely Auto Group, LYNK & CO, Volvo Car Group, Zhejiang Geely Holding Group

30 August 2017, Gothenburg, Sweden. Zhejiang Provincial Party Secretary and Director of Zhejiang Province People’s Congress Standing Committee Che Jun along with a delegation from Zhejiang visited Volvo headquarters and Geely’s China-Euro Vehicle Technology Centre (CEVT) in Gothenburg, Sweden. Secretary Che and his delegation toured of Volvo’s experience centre, observed a Volvo vehicle crash test,…