Geespace Launches Eleven Low-orbit Satellites Expanding Geely Future Mobility Constellation

Geespace, the satellite technology and commercial services company invested by Zhejiang Geely Holding Group, 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.
February 3, 2024
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Geely Holding Reiterates Long-term Commitment to Polestar’s Independent Development

Geely Holding Group, China’s leading privately-controlled automotive technology group, welcomes Volvo Cars decision to focus their resources on the company’s transformational journey and evaluate a potential adjustment to their shareholdings in Polestar, which may result in Geely Sweden Holdings as the subsidiary of Geely Holding, becoming a significant new shareholder.​​
February 1, 2024
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2023 Annual Sales by Geely Holding Brands Rise 20% to 2.79m Units

Zhejiang Geely Holding Group announced today that aggregate sales across its automotive brands – Geely Auto, Geometry, Livan, LYNK & CO, Zeekr, Volvo Cars, Polestar, PROTON, Lotus, smart, RADAR, LEVC, and Farizon– grew 20% year-on-year to 2.79 million units in 2023, setting a new record for the Group. The Group also saw sales of electrified and clean alternative fuel passenger and commercial vehicles grow over 51% year on year to approximately 980,000 units and accounting for 35% of Group aggregate sales.
January 12, 2024
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Geely Holding and NIO Sign Strategic Partnership Agreement on Battery Swapping Technology

Geely Holding and NIO signed a strategic partnership agreement on battery swapping in Hangzhou. Both parties agreed to carry out comprehensive cooperation on battery standards, battery swapping technology, battery swapping network expansion and operation, swappable model development, and battery asset management.
November 29, 2023
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Announcement on Volvo Cars Shareholding

Zhejiang Geely Holding Group, China’s largest private-owned automotive group, has made the decision to release more of its shareholdings in Volvo Cars in accordance to its long-term strategy to enhance the value of the Nasdaq Stockholm listed Swedish carmaker through an increase of liquidity and offer more opportunities to generate sustainable long-term value for institutional and retail investors.
November 17, 2023
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