Geely Holding Group, Geely Automobile Holdings Limited and Renault Group have signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient ICE powertrains.
Zhejiang Geely Holding Group (Geely Holding), China’s largest privately-owned automotive technology group, today announced that it has acquired a shareholding in Aston Martin Lagonda Global Holdings plc (Aston Martin), representing 7.60% of the ordinary share capital of the ultra-luxury British performance brand.
CaoCao Mobility, the privately operated mobility company in Paris has announcing the completion of the first round of funding to help fund future development of the ride hailing company in the French market.
Geely Holding listed in the 2022 Fortune Global 500 for the 11th consecutive year with a ranking of 229th after its last year’s revenues reached US$55.86 billion.
China’s first pure electric outdoors lifestyle vehicle brand, Radar Auto, was launched today alongside the new brands first electric adventure vehicle, the RD6 pick-up truck.
Geely Holding Group publishes their 2020 and 2021 Sustainability Reports. The Group has announced in its report that it is aiming to achieve carbon neutrality across its entire value chain by 2045.
Geespace, a wholly owned subsidiary of Geely Technology Group* and China’s first privately owned developer, operator, and mass producer of low-orbit commercial satellites, has successfully launched its first nine satellites into low earth orbit from the Xichang Satellite Launch Center.
Renault Group and Geely Auto, China’s largest privately-owned automotive group, have entered into a share subscription agreement and a joint venture agreement subsequent to a framework agreement signed in January 2022 between Renault Group and Geely Holding Group. On completion, Geely Automobile Holdings (0175.hk) via its subsidiary, Centurion Industries Limited, will hold 34.02% of the total issued share capital of Renault Korea Motors (RKM). Renault Group remains the majority shareholder in RKMand will continue to fully consolidate the entity.
National carmaker PROTON has signed an agreement to appoint CMH Group as the distributor for Proton vehicles in South Africa. The signing, which was held virtually, will see the first shipment of fully imported (CBU) models go on sale in September, with the Proton X50 and Proton X70 leading the charge. This will be followed by the Proton Saga, which is making a return to the nation 10-years after sales ended in 2012.
Geely Holding Group announced that it has joined hands with Circle K Denmark, Aalborg University, and Fonden Green Hub Denmark to collaborate on a 15-month test and demonstration trial for green e-methanol fuel and methanol vehicles in Denmark.
