Today, Volocopter, the Urban Air Mobility pioneer, announced that it signed the first closing of its Series C funding round, which is being led by Zhejiang Geely Holding Group (Geely Holding). The new funds will be used towards bringing the VoloCity aircraft to commercial launch within the next three years.
Geely Automobile Holdings Limited (Group) (HK.0175), a Hong Kong-listed subsidiary of Zhejiang Geely Holding Group, released its interim results for the first half of 2019.
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Zhejiang Geely Holding Group (Geely Holding), China’s leading privately-owned automotive group, today announced that Hans Oscarsson, former Chief Financial Officer of Volvo Cars, has assumed his new role as Chief Executive Officer of Geely Sweden Holdings AB (GSHAB).
Zhejiang Geely Holding Group (Geely Holding), China’s largest privately-owned automotive technology company, rose 47 places in the 2019 Fortune Global 500 to 220th after its last year’s revenues reached US$49.665 billion.
The world’s first pure electric British hypercar, Evija was unveiled by Lotus in London. Evija is the first new product launched by Lotus after joining Zhejiang Geely Holding Group. It represents Lotus’s innovative capabilities, engineering heritage, and new design language.
Following on from the announcement of a cooperation between Baidu and Geely Holding Group on July 3rd 2019, Reuters reports have incorrectly indicated that Geely Holding Group and Baidu will cooperate in the area of autonomous drive. Geely Holding and Baidu’s cooperation is limited to the research and development and application of Artificial Intelligence (AI) in the automotive ecology with the goal of providing our end users with a leading experience
At the “2019 Baidu Create”, Baidu’s Artificial Intelligence Development Conference, Eric Li, Chairman of Zhejiang Geely Holding Group (Geely Holding) and Robin Li, Founder, Chairman and CEO of Baidu, announced that Geely Holding and Baidu will strategically cooperate in the fields of intelligent connectivity, smart mobility, smart home, e-commerce and in other areas related to AI technology. The two parties will jointly explore the development AI applications in the automotive ecosystem, with the long term aim of accelerating the large-scale popularization of intelligent connected vehicles in China and internationally.
Zhejiang Geely Holding Group (ZGH) officially released the 2018 Corporate Social Responsibility Report on June 17. This was the Group’s seventh Corporate Social Responsibility since it first began in 2012. In 2018, ZGH focused substantial attention towards the sustainable management methods and aligned the Group’s social responsibility strategy with the United Nations Sustainable Development Goals.
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Shanghai Maple Guorun, an indirect 99% owned subsidiary of Geely Automobile Holdings (HK.0175), the listed arm of Geely Auto, today announced a new joint venture partnership with LG Chem of South Korea, one of the world’s leading manufacturers of electric vehicle batteries.
A joined venture was signed between Proton Edar Sdn. Bhd., the sales and marketing arm of PROTON Holdings (“PROTON”), ECARX (Hubei) Technology Co. Ltd. (“ECARX”), a connectivity company invested by Zhejiang Geely Holding Group, (“ZGH”) and Altel Communications Sdn. Bhd. (“Altel”), a Malaysian-based telecommunications services provider. The three-way joint venture aims to establish a car connectivity R&D centre in Malaysia that will serve both the Malaysian market, as well as the greater ASEAN region. Shareholding of the company will be split accordingly between the three parties while key management personnel will be appointed in due course. In terms of staff, the joint venture company aims to aggressively recruit local talents.
