Dating back to 1927, when its first model was built, Volvo Group used to build trucks and cars, as well as marine and aero engines. In 1999, it sold its car business to Ford Motor for US$6.45 billion, and focused on commercial vehicles. Ford sold Volvo to China’s Geely in 2010.
Sweden remains one of only nine in the European Union that have no legal possibility of blocking foreign investments on security grounds
Battery power took center stage, with makers jostling to show off their electrification credentials.
China’s Geely is planning a big investment to turn the maker of London’s iconic black taxis into a high-volume, all-electric brand with a range of commercial and passenger vehicles.
Swedish Winter event invites Operation Santa Claus beneficiaries to take part in the fun.
Chinese carmaker Geely has taken a nearly 8 per cent stake in Aston Martin, the maker of ultra-luxury sports cars favoured by fictional secret agent James Bond.
Zhejiang-based Geely unveiled its electric truck, called Homtruck, late on Monday in Shanghai and said it aimed to produce 570,000 trucks by 2030.
European companies including Dutch consumer-electronics retailer Coolblue and health care property company Icade Sante have put their IPO plans on ice in recent weeks as investors became picky about where they put their money amid a flurry of deals.
Lynk’s 09 plug-in hybrid SUV to take on Tesla’s Model Y and NIO’s ES6 in China.
Renault is returning to the world’s largest passenger car market with a new focus and partnership with Geely, after abandoning a pandemic-hit venture in Wuhan in April last year.
Geely Automobile Holdings, China’s largest private carmaker, has decided to scrap a secondary listing on Star Market, the Shanghai Stock Exchange’s Nasdaq-like board for start-ups, it said on Friday.
Both vehicle manufacturers have now agreed to an equity merger of their powertrain operations, and will jointly develop electric vehicle platforms.
Billionaire Li Shufu has been forging ties with a vast array of companies as Geely pushes to stay abreast of the two great shifts hitting the industry: electrification and automation.
Hangzhou-based Geely, owner of Volvo Cars, plans to launch commercial low-orbit satellites by the end of this year, which would give it an edge in providing an accurate navigation system for autonomous cars.
Chinese automobiles tycoon Li Shufu plans to merge Geely Automobile Holdings with Volvo Cars, which he acquired from Ford Motors in 2010, in a move that will create a global car manufacturing powerhouse.
Geely’s Li Shufu is looking to transform the Chinese conglomerate from a carmaker into a provider of transport services such as car-sharing, flying taxis and high-speed trains
South Carolina officials hopeful ‘phase one’ deal can remove uncertainty that has raised tension with its largest export market and caused companies to delay investment decisions.
Sales of 10 premium brands, which includes BMW, Mercedes-Benz, Audi, Volvo and Lexus, have risen in China compared to the 11 per cent decline in overall car volumes in the year’s first eight months.
Carmaker will be first to install cap across entire range, though police vehicles will be exempt.
European car makers complain they are being crippled by controversial EU emissions rules, rising US tariffs and uncertainty about UK leaving the bloc.
Both stylish vehicles offer refined interiors, plenty of space for passengers and luggage and impressive power and acceleration ... but there’s only one winner
The XC40 T5 all-wheel-drive crossover features a modern design, with a 248-horsepower, turbocharged four-cylinder engine
Geely announced in February it had bought a stake of almost 10 per cent in Germany’s Daimler, AB Volvo’s main rival.