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Daimler, parent company of Mercedes-Benz and Smart, is reportedly considering starting a 50-50 joint-venture ride-hailing service with Chinese carmaker Geely. Sources have told Bloomberg the ride-hailing system would be for the Chinese market. Daimler is reportedly considering using vehicles from its Denza electric car brand, which itself is a joint venture with BYD and produces EVs based on the first-generation B-Class...
Toyota and Geely are discussing cooperating on hybrid drivetrain technology, although it is not clear how far or how wide the relationship will stretch. The Japanese auto giant has confirmed to Reuters it and Geely are "communicating with each other” regarding petrol-electric hybrid technology...
Chinese car maker Geely, which also owns Volvo and Lynk & Co, has unveiled a new modular platform for Polo-class cars. Geely says BMA took four years to develop, and involved around 100 modular platform experts from 20 countries. Most of the work was reportedly done in the company's research and development centre in Hangzhou Bay...
Geely Auto has unveiled its 'new energy flagship sedan' – dubbed Bo Rui GE – in Beijing this week, complete with an electrified powertrain from subsidiary Volvo. Power in the Bo Rui GE comes from a 1.5-litre turbo petrol engine, mated with a seven-speed dual-clutch transmission and a plug-in hybrid system for claimed combined consumption of just 1...
Geely has unveiled the Concept Icon, its take on the Volvo XC40, at the 2018 Beijing motor show. According to its designers, the Concept Icon has been built around two key words: high tech and inspiring. It was penned at Geely's studio in Shanghai, and is unashamedly aimed at young buyers...
Swedish manufacturer Volvo could soon feature engines from the Mercedes-Benz range, according to a new report out of Germany. Manager Magazin claims the German marque's parent, Daimler, is considering working closer with Volvo's Chinese parent Geely – it's also worth noting Geely's boss and principal owner, Li Shufu, owns a 9.7 per cent share in Daimler...
Daimler, parent company of Mercedes-Benz and Smart, has confirmed Li Shufu, founder and chairman of Geely, has aquired a 9.69 per cent stake in the German van, truck and luxury car maker. According to The Detroit News and other outlets, Li's stake in the German company cost around €7.3 billion ($11.5 billion)...
Geely has bought an 8.2 per cent stake in AB Volvo, making it the largest single shareholder in the Swedish truck, construction equipment and technology company. The company bought its stake from Cevian Capital and, once regulatory approval is granted, will have 15.6 per cent of voting rights – short of the 22...
Geely, the Chinese parent of Volvo Cars, is set to buy a significant stake in Daimler, the company behind Mercedes-Benz and Smart. According to The Global Times, the state-run China Central Television (CCTV) network is reporting Zhejiang Geely is about to buy three to five per cent of Daimler for 4.0 billion euros ($6.2 billion). Above: Mercedes-Benz CLS...
Geely is already working on plans for Lotus, just two months after purchasing a majority stake as part of the same deal that saw the Chinese brand take control of Proton. We’re told to expect new products from the British sports car maker sooner rather than later, with a decision currently being mulled on whether to press ahead with plans for the SUV Lotus had already started developing on its own...
Zhejiang Geely Holding Group, parent of Chinese carmaker Geely, has acquired US-based flying car developer Terrafugia with the aim of bringing a proper flying car to life. The two companies plan to utilise their respective expertise to further the development of flying cars, with Terrafugia already having tripled its US engineering team as part of an expansion ahead of the takeover...
