Post Tagged with: "Geely"

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Geely raises cash to build plug-in London black taxis

Geely raises cash to build plug-in London black taxis

The Chinese automaker said it raised 400 million dollars to develop a fleet of green-electrified cabs for its owned London Taxi Company. Zhejiang Geely Holding Group, which owns the Swedish-brand Volvo, also has in its portfolio the London Taxi Company (LTC), the manufacturer of the iconic London black cabs. After […]

Geely plans to “electrify” its line-up by 2020

Geely plans to “electrify” its line-up by 2020

In order to meet Chinese government’s fuel consumption caps for automakers and bring new “green” technologies to its models, Geely plans to equip more than 90 percent of its cars with alternative-energy powertrains. Geely Automobile Holdings Ltd wants to be in trend and to also keep up with the automotive […]

Volvo Cars reports robust profit for 2013

Volvo Cars reports robust profit for 2013

Geely-owned Volvo Car Group, on Friday said the company returned to a solid profit in 2013 – after the automaker has cut jobs and posted strong sales. The Gothenburg-based automaker said net profit for 2013 climbed to $301.9 million (1.92 billion Swedish crowns) up from $66 million (542 million Swedish […]

China: Geely stock close to 18 months low

China: Geely stock close to 18 months low

Geely Automobile, the Chinese automaker that is now the parent of the Swedish carmaker Volvo, announced its sales went down 32% to 21,415 vehicles in February. The news took the investors by storm, prompting the company’s stock to drop 3% in Hong Kong trading – very close to its 18-month […]

China: electrical car rental company on the rise

China: electrical car rental company on the rise

Chinese electric-car rental company, Kandi Technologies Group Inc., has risen to a new record in share trading after announcing its profitability and expansion plans. Signaling China’s political opening to the electric cars, Kandi’s stock was risen by investors to $15.56 yesterday, a 16 % surge and the highest since the […]

Geely says it’s happy with Volvo’s management

Geely says it’s happy with Volvo’s management

China’s Zhejiang Geely Holding Group Co. dismissed concerns that it’s unhappy with the direction of its Swedish car-making unit Volvo Cars. The comments came after Friday in a report Reuters said sources described the 87-year-old Swedish carmaker, acquired by Geely in 2010 to be torn between a desire to hang […]

Geely chairman says: “Let Volvo Be Volvo”

Geely chairman says: “Let Volvo Be Volvo”

During the fourth annual Global Auto Forum (GAF) held in Wuhan, China, Li Shufu, Chairman of both Zhejiang Geely Holding Group Co., Ltd and Volvo Group spoke about the reported problems within the Group. In 2010, Geely offered $1.8 billion to purchase Volvo from Ford. Geely’s move to take over […]