Geely

China’s Geely Auto said on Thursday that it is looking at delivering 320,000 units of its Zeekr brand EVs in 2025, 44% more than what the company delivered in 2024. What Happened: Zeekr sold 222,123 EVs in 2024, marking a jump of 87% year-on-year. For 2025, the company is now aiming for 320,...

China’s homegrown EV makers are making waves overseas while facing a slowdown at home.   What Happened: In the first quarter of 2024, local car brands saw a 40% increase in overseas sales compared to the same period last year, reaching a total of 470,000 units...

Electric vehicle company Tesla Inc (NASDAQ:TSLA) is one of the many companies competing in the highly competitive Chinese automotive market. A new report showed Tesla with the second-largest market share for retail sales in the country. What Happened: Tesla is one of the leading electric vehicle...

While Chinese electric vehicles (EVs) have been gaining popularity globally, their entry into the U.S. market has been notably restricted. What Happened: A report by the Wall Street Journal sheds light on the trade barriers set up by the federal government, which have effectively limited...

As the market leader for electric vehicles, Tesla Inc (NASDAQ: TSLA) is being pursued by other electric vehicle upstarts and legacy automakers. An electric vehicle company backed by a leading search engine in China is the latest to call out its potential to one day pass Tesla. What Happened: Jidu...

Geely Automobile Holdings Ltd’s (OTC: GELYF) parent Zhejiang Geely Holding Group Co and among China’s largest automakers that owns multiple brands, is in talks to sponsor two blank-check acquisition deals, reports the Wall Street Journal. What Happened: The multinational...

Luxury electric vehicle brand Faraday Future is going public with a SPAC merger announced Thursday. The SPAC Deal: Faraday Future is going public with Property Solutions Acquisition Corp (NASDAQ: PSAC) in a deal that values the company at $3.4 billion. The deal will give Faraday Future over $1...

Chinese electric vehicle dealer owner Jiuzi plans to raise money via an IPO to help grow its physical presence and create an online sales platform. The Offering: Jiuzi is seeking to raise $31 million by listing its shares under the ticker "JZXN" on the NASDAQ. The company said it will use...

Daimler AG’s (OTC: DDAIF) Mercedes-Benz and Geely Automobile Holdings (OTC: GELYF), a subsidiary of Zhejiang Geely Holding Group Co Ltd, are launching a China-based joint production for electric cars, according to Reuters. What Happened Mercedes-Benz and Geely on Wednesday...

Combustion engines may become a thing of the past, as the action on the auto front shifts from Detroit to Silicon Valley. Going by the emphasis on electric cars, their fuel economy and environmental friendliness, it is no wonder that Swedish automaker Volvo, owned by Chinese automobile company...

Legendary carmaker Lotus -- once a force in Formula One racing and a star of such British television series as “The Avengers” and “The Prisoner” along with the late Roger Moore vehicle “The Spy Who Loved Me”-- has been sold. The purchase is part of a deal by...

Tesla's (NASDAQ: TSLA) Model S and Model X come equipped with a beautiful touch display that dwarfs the full-size iPad. Tesla isn't in the business of producing tablets, however. It created the Model S to change the automotive industry and redefine the merits of an electric car. Even so, Global...