PETALING JAYA: Geely Automobile Holdings Ltd’s interest in national car manufacturer Proton Holdings Bhd is seen as a move by the China-based automaker to fast-track and build its presence in South-East Asia. However, the company will have its work ...
PETALING JAYA: DRB-Hicom Bhd is most likely to sell a controlling stake in Proton Holdings Bhd to French auto giant PSA Group, which produces Peugeot cars, according to sources. “PSA is ready to invest a lot of money in ...
GENEVA: Volvo Car Group unveiled its new XC60 SUV at the Geneva auto show today, the latest launch in a sweeping overhaul of its model line-up under Chinese ownership that will be key to driving sales and earnings ahead ...
LONDON: The London Taxi Company (LTC) today announced the opening of Britain’s first car plant dedicated solely to the production of range-extended electric vehicles. The plant in Ansty, Coventry, is where the world’s first purpose-built, mass-market electric taxi will ...
PARIS/BEIJING: Geely has agreed to buy struggling Proton from DRB-Hicom, sources said on Tuesday, beating out rival bidder PSA Group. Zhejiang Geely Holding Group, which controls Hong Kong-based Geely Automobile and Sweden’s Volvo Car Group, will acquire 49 percent ...
The Proton Persona. Geely sees Proton as a vehicle to expand further into South-East Asia. PUTRAJAYA: It’s official. DRB-Hicom Bhd is selling a 49.9% stake in loss-making Proton Holdings Bhd to China-based Zhejiang Geely Holding Group Co., Ltd (Geely ...
GOTHENBURG: Geely’s Volvo Car Group expects the Chinese roll-out of its new XC90 and, next year, the S90, to drive sales through a slowdown in demand in the world’s biggest auto market, its top executive said. Chief executive Hakan ...
SHANGHAI: The Geely Group, which launched its first car in 1998 – less than two decades ago, has seen an amazing growth story. Including Volvo Cars, the group sold over 1.3 million vehicles in 2016. The group has over ...
Limited in number, not value I remember back in 2019, I was tasked to attend the brand (re) launch of Geely locally. I honestly didn’t think much of it given that their previous foray into our country was less than ...
HANGZHOU, China: Group Lotus gets a new boss as CEO Jean-Marc Gales makes way for Feng Qingfeng, who was the vice president and chief technical officer of Geely Auto Group. In a statement, Zhejiang Geely Holding Group (Geely Holding) ...
SHAH ALAM: The final three shortlisted as potential foreign strategic partners for Proton all have the criteria that can propel the national carmaker to greater heights, Proton chief executive officer Datuk Ahmad Fuaad Kenali said. He said the three ...
BEIJING: Geely Automobile Holdings Ltd surpassed its top three Japanese rivals to become the third-largest carmaker in China, helped by models that appeal to the nation’s young consumers. Reporting a 54 percent jump in net income for the six ...
PETALING JAYA: Two parties in the running to be the foreign strategic partner of Proton Holdings Bhd are expected to put in their final proposals today. According to industry sources, the two parties, which are Chinese car manufacturer Geely ...
KUALA LUMPUR: Proton’s quest for a strategic partner might be hitting a road bump? Billionaire Li Shufu has been reported as saying he’s planning to pull Zhejiang Geely Holding Group Co. out of a bid for Proton Holdings Bhd. ...
The Boyue sport-utility vehicle. BEIJING: China’s Geely Automobile Holdings Ltd posted its biggest profit growth in eight years today, as improved product design and engineering following its 2010 purchase of Sweden’s Volvo helped propel it to record sales. Geely, ...
HONG KONG: China’s Geely Automobile Holdings has withdrawn its bid to acquire a controlling stake in Malaysian automaker Proton, Geely’s president, An Conghui has told the South China Morning Post. Geely, the owner of the Swedish Volvo brand, earlier ...
IPOH: The decision by Proton to embark on a partnership with China’s Zheijiang Geely Automotive Co Ltd is timely because cars are predicted to be next in line to undergo sweeping innovations. International Trade and Industry Minister II Datuk ...
KUALA LUMPUR: DRB-Hicom Bhd and Zhejiang Geely Holdings Group have signed the final agreement, which sees the latter acquiring 49.99% of car manufacturer Proton and 51% of luxury sports car brand Lotus in a deal worth RM1bil. Zhejiang Geely ...
Geely products are an increasingly rare sight on South African roads, but does that mean that they are not suited for families? We answer that question in this article. While its footprint in South Africa appears to have diminished, Geely ...
SERDANG: The first Proton car following the national car maker’s tie-up with Geely will enter the market by end-2018 or early 2019, International Trade and Industry Malaysia Minister, Datuk Seri Ong Ka Chuan said. He said Proton and Geely ...
PETALING JAYA: Will Proton get a new CEO from Geely? It’s plausible since Geely has bought a big chunk of Proton, 49.9% of the company to be precise. Word from the grapevine says that the man to head Proton ...
HANGZHOU, China: Geely Auto has released photos of its upcoming Sports Coupe SUV, codenamed the FY11, and billed as its most driver orientated vehicle to date. It is the first Geely Auto model to be based on the Compact ...
KUALA LUMPUR: Some 9,600 Proton employees are assured of keeping their jobs following Proton’s strategic tie-up with China’s automobile giant Geely. Deputy International Trade and Industry Minister Datuk Ahmad Maslan said that Proton is currently undergoing a transformation programme. ...
BERLIN: Daimler and its Chinese partner BAIC plan to invest almost US$2 billion in a state-of-the-art factory in China, underlining their relationship as rival Geely makes a surprise swoop on the German carmaker. Daimler and BAIC will invest in ...
GENEVA: Executives at Daimler and Volvo Cars question the viability and industrial logic of a plan by their major shareholder, China’s Geely, to form an auto industry alliance to counter ”tech invaders.” Li revealed last month he had built ...
PRIDE of vehicle ownership stems from various sources; the long-standing reputation of a brand in making reliable and comfortable vehicles, a marque that subscribes to exclusive tastes or outrageous performance, or simply in awe of a fast-growing entity that ...
SHAH ALAM: National carmaker, Proton Holdings Bhd, is on track to launch its sports utility vehicle (SUV), which will be based on the latest model of the Geely Boyue, by the fourth quarter of this year. Dr Li Chunrong, ...
SHANGHAI: Geely Auto is developing a new crossover SUV code-named SX11 and a compact sedan, the Bin Rui, using its new B-segment Modular Architecture (BMA) for small and compact vehicles. It is quite possible that these two compact cars ...
The upcoming Proton SUV, which is based on the Geely Boyue SUV, will be re-designed for the local market. What that design entails remain a mystery for now even after speaking to Design Director, Geely Design, China, Guy Burgoyne ...
A Baidu Inc official speaking during the Baidu Developers Conference in Beijing earlier this month. — Bloomberg BEIJING: China’s top search engine operator Baidu Inc has joined hands with Zhejiang Geely Holding Group and Japan’s Toyota Motor Corp to ...
CHENGDU: The Geely Bin Rui C-segment sedan has made its official debut at the 2018 Chengdu Motor Show today, and is priced from 79,800 to 110,800 yuan (RM48,000 to RM66,680). As the Geely Group has a 49.9 per cent ...
Thanks to their partnership with Proton, any news revolving around Geely is big news for us at the moment. In fact, we wouldn’t even be surprised if a light or a fan malfunctions in Geely’s plant in China and ...
Geely Design Shanghai presented a new design vision derived from Geely’s “Expanding Cosmos” design philosophy, called the Geely Vision Starburst. According to Geely, the concept examines a new and alternative expression of the “Expanding Cosmos” design philosophy which Geely ...
BEIJING/HONG KONG/FRANKFURT: Daimler’s main China joint venture partner BAIC Group has set in motion a plan to double its stake to around 10% and win a board seat in the German luxury car maker, as it aims to upstage ...
SHANGHAI: Geely, China’s highest profile car maker with investments in Volvo and Daimler, launched a premium all-electric car brand “Geometry” on Thursday as it pushes ahead with its plans to boost production of new energy vehicles. The move comes ...
Post the release of its Coolray, the Chinese automaker Geely is back with their third sub-compact sedan offering in the segment, the 2021 Geely Emgrand. How do we know? Well, the automaker has made it official with images shared on ...
BEIJING: China’s Zhejiang Geely Holding Group said today it was investing 2.27 billion yuan (RM1.37bil) in a new satellite manufacturing plant, where it plans to build low-orbit satellites to provide more accurate data for self-driving cars. Geely, one of ...
The EV segment is one of the hotspots for the automakers currently. As of 2021, every manufacturing brand, big or small, wants a piece of the pie in the future of transportation. With Geely’s premium EV brand Zeekr announcing the ...
BEIJING: German startup Volocopter said it plans to form a partnership with Zhejiang Geely Holding Group that will bring its air taxis to China and that it has raised 50 million euros in fresh funding from the Chinese company ...
Geely has revealed 2020’s ‘1 Million Edition’ variant of the Boyue. The updated offering showcases Proton X70’s infinite grille to commemorate the sale of a million unit of Boyue in China. The special edition offering also gets some minor cosmetic ...