The European Commission has recently announced plans to impose provisional countervailing duties on electric vehicles produced in China. Geely Holding expresses great disappointment in the Commission’s decision.
SK Group, South Korea’s second largest conglomerate and Zhejiang Geely Holding Group (Geely Holding) has signed a strategic cooperation agreement covering multiple areas including batteries, automotive electronics components, and green energy. The move comes as part of both company’s strategy to secure global competitiveness in the green mobility sector.
Zhejiang Geely Holding Group (Geely Holding) announced today that aggregate sales for May 2024 across its automotive brands – Geely Auto, LYNK & CO, Zeekr, Volvo Cars, Polestar, PROTON, Lotus, smart, Radar, LEVC, and Farizon reached 256,556 vehicles, a 22.2% YoY increase. Among the month’s aggregated sales, electrified (EVs, HEV, PHEVs) vehicles reached 110,681 vehicles, representing a year-on-year increase of 59% and representing 43% of the Group sales.
Following the joint venture agreement signed on July 11, 2023, and after having obtained the approval of the relevant authorities, Renault Group, Geely Holding Group (Geely Holding), Geely Automobile Holdings Limited (Geely Auto) (collectively referred to above as “Geely”) have officially created HORSE Powertrain Limited, headquartered in London, United Kingdom.
Geely Holding Group, China’s largest privately held automotive group, published the Group’s 2023 Sustainability Report highlighting progress towards its "Three Zeros" sustainability vision focused on "zero-carbon transformation, zero ecological burden, and zero vehicular casualties."
Zhejiang Geely Holding welcomed new equity investors to Zeekr, global premium electric mobility technology company following the completion of an initial public offering on the New York Stock Exchange.
Geely Holding highlighted increased tech synergies among its portfolio brands at the Beijing Automobile Show through new product launches and global debuts from Geely Auto, Zeekr, smart, JIYUE, Lotus, Volvo Cars, and Lynk & Co developed on shared Geely vehicle architectures such as the Sustainable Experience Architecture (SEA) and Compact Modular Architecture (CMA).
Geely Holding announced that its cumulative aggregate sales for Q1 2024 across its automotive brands – Geely Auto, LYNK & CO, Zeekr, Volvo Cars, Polestar, PROTON, Lotus, smart, Radar, LEVC, and Farizon reached 738,400 vehicles, a 27% YoY increase. Brand sales in March 2024 reached 260,700 units, a 23% YoY increase.
Geely Holding Chairman Eric Li and Founder and CEO of New Oriental, Michael Yu visited Taizhou, the birthplace of Geely and live streamed the latest batch production of satellites at Geely’s Satellite Super Factory.
Geespace completed its second successful satellite launch from China’s Xichang Satellite Launch Center on February 3rd, sending eleven satellites into low earth orbit as the second orbital plane of “Geely Future Mobility Constellation” satellite network.
