Swedish automotive manufacturer Volvo Group is set to invest $11bn to establish new plants and develop new products with a focus on new line-up of advanced powertrains. The total investment is being funded by the Chinese automaker Geely ...
Tags: new plants, Volvo, new powertrains
Days ago, Li Shufu,Geely's chairman and founder,said Volvo would launch the world's first vehicle with autopilot in China's annual management conference held in Beijing. According to the news, Volvo test autopiolt vehicle with a 50-miles ...
Tags: Volvo, Autopilot Vehicle
The Association of European Businesses (AEB) revealed depressive car market in Russia for seven consecutive months in September while Chinese carmakers have outperformed the local market. In the month, Geely Automobile Holdings Ltd. ...
Tags: Geely, auto, Transportation
US investment bank Goldman Sachs is said to have sold out shares controlled in Chinese automaker Geely Automobile Holdings Ltd. (SEHK: 0175). Sources said on October 8 that Goldman Sachs would sell a total of 580 million shares ...
Tags: Auto, Transportation
Volvo has refuted suggestions that its chairman has confirmed plans to develop a brand-new stand-alone luxury model to tackle the likes of the Mercedes-Benz S-Class, BMW 7 Series and Audi A8. Volvo vice president of media relations ...
Tags: Volvo, Luxury Flagship
Geely and Volvo chairman Li Shufu has confirmed the Swedish brand will develop a new luxury flagship limousine to take on Germany’s best. According to CarNewsChina, Li confirmed the plans saying the new Volvo model, anticipated to ...
A fleet of London black cabs has arrived in Australia as the company behind the retro-styled runabouts seeks to take a slice of the local taxi market. The white-painted TX4 vehicles arrived at Fremantle port over the weekend on a boat ...
Tags: London Cabs
The joint R&D Centre of Geely Group and Volvo Cars has begun operations in Lindholmen Science Park, Gothenburg, Sweden, following a decision made earlier in 2013. This new center will develop a modular architecture and components for the ...
Tags: Geely Group, Volvo Cars
Zhejiang Geely Holding Group became China's largest vehicle exporter in July for the first time ever, as its exports continued to see a strong uptrend, despite the overall sector reporting a year-on-year drop in exports for three ...
Tags: vehicle exporter, Volvo Car
Chinese car maker Geely is planning to sell vehicles co-developed with Volvo outside of its home market and into Europe and the US. Industry journal Automotive News Europe reports Zhejiang Geely Holding Group Co. Ltd, which purchased ...
Tags: Geely, Volvo-Developed Models
Swedish automobile manufacturer Volvo Car Group has obtained approval of the Chinese government authorities for the establishment of manufacturing plants in Daqing and Zhangjiakou. The company has started the construction of an assembly ...
Tags: Volvo, Vehicle Plants
Chinese car maker Geely will start selling vehicles co-developed with Volvo from 2015, according to latest reports. Bloomberg reports Zhejiang Geely Holding Group Co. Ltd, which purchased Volvo from Ford for US$1.8 billion in 2010, is to ...
Chinese automobile manufacturer Zhejiang Geely Holding has secured orders to deliver 500 units of its London Taxi TX4 vehicles in Nanjing, Jiangsu Province. Under the deal the company has delivered first 50 vehicles, as part of the order ...
Tags: Geely, TX4 Vehicles
“It’s worth noticing the unexpected declines in vehicle exports in the first half year of 2013,” Vice Chairman of CAAM Dong Yang says. The export of Chinese vehicles which grew very fast last year presents a declining ...
Tags: Overseas Market, Vehicle
Zhejiang Geely Holding Group (Geely) has signed a deal with the Belarusian government to establish a large joint venture automobile assembly project, marking the first automotive joint venture between China and Belarus. Under the ...
Tags: Automobile Assembly, Geely