Geely

  • Geely logo

    Zhejiang Geely Holding Group, the Chinese automaker that controls the Volvo and Lotus brands, on Tuesday announced plans to develop a hyperloop-like train capable of supersonic speeds. That means in excess of 767 mph. The train will use magnetic levitation to eliminate ground friction and vacuum tubes to reduce air resistance, which is the same concept as the hyperloop. Magnetic levitation, commonly referred to as maglev, is already in use in China. In fact, the country has the most operational maglev tracks in the world. Geely will work with China Aerospace Science and Industry Corporation...

  • Utah Motorsports Campus
    Geely purchases Utah Motorsports Campus

    Geely has bought itself a race track. The Chinese automaker announced Monday it has completed the purchase of the Utah Motorsports Campus, formerly known as the Miller Motorsports Park. The Toole County Commissioners has said it agreed to sell the motorsports park to Mitime Utah Investment LLC for...

  • 2018 Toyota Prius
    Geely and Toyota in talks over hybrid tech

    Toyota and Geely are in talks over possible cooperation in the area of hybrid technology, the automakers confirmed Thursday to Reuters. The confirmation comes after media reports in China claimed the two were already working together on hybrid tech and were due to make an announcement soon...

  • 2018 Lotus Evora GT430
    Geely could invest almost $2B to turn Lotus into a Porsche rival

    China's Zhejiang Geely Holding Group is prepared to invest the necessary funds to make Lotus into a world-beating luxury and sports car brand. If Geely has its way, Lotus will be England's Porsche. And the Chinese automaker could dump as much as $2 billion into the brand to begin the process...

  • Volvo logo
    Report: Geely selects banks to advise on Volvo IPO

    Volvo could be the next major automaker to go public. The Swedish automaker's parent company Zhejiang Geely has selected investment banks Citigroup, Goldman Sachs and Morgan Stanley to advise on an initial public offering, Bloomberg reported on Thursday citing people familiar with the matter. Geely...

  • 2018 Lotus Cyan Racing Evora GT4 race car
    Geely Group Motorsport partner Cyan Racing switches from Volvo to Lotus cars

    Chinese holding company Zhejiang Geely in March established the new division Geely Group Motorsport to oversee motorsport activities for its growing list of brands, which includes the likes of Volvo, Polestar and Lotus. And on Thursday, Geely named Swedish race team Cyan Racing as the official...

  • Alleged patent drawing for Lotus SUV - Image via PC Auto

    It's a brave new world. As automakers bend to consumers' love of utility vehicles, numerous brands have jumped aboard the SUV bandwagon—even Lotus. We knew the British sports car brand, now owned by China's Geely, had one SUV in the works, but there will be more than one. That's according to Peter Horbury, Geely's design boss, who told Autocar in a Wednesday report, "We’ve already mentioned SUVs are coming and we need a lot of resources in a fairly swift amount of time." Horbury backed up Lotus' move to expand its product range to SUVs by invoking Porsche. "SUVs were never on the...

  • 2019 Volvo XC40 First Drive
    Could Volvo get its engines from Daimler?

    Mercedes-Benz parent company Daimler supplying engines to Volvo could be just one area of cooperation following the February deal that saw Li Shufu, the owner of Volvo parent company Zhejiang Geely Holding Group, buy a 9.7 percent in Daimler in a deal worth $9 billion. The information was reported...

  • 2018 Lynk & Co. 03 spy shots - Image via S. Baldauf/SB-Medien
    2018 Lynk & Co. 03 spy shots

    Chinese automaker Geely in 2016 launched the new brand Lynk & Co. with a compact SUV called the 01. A prototype for Lynk & Co.’s second model, a compact sedan, has now been spotted. The car is called the 03 and was previewed during April's 2017 Shanghai auto show by a concept of the...

  • 2019 Mercedes-Benz G Class, 2018 Detroit auto show
    Mercedes overtakes Toyota as most valuable car brand in influential study

    Mercedes-Benz is now the most valuable automotive brand in the world. That's according to the latest study conducted by Brand Finance. The German automaker edged out Toyota and bested rival BMW for the top spot on this list. Brand Finance says that Mercedes managed an impressive 24 percent...

  • Mercedes-Benz Generation EQ concept, 2016 Paris auto show
    Geely buys 9.7 percent of Daimler in $9B deal

    Having just acquired Terrafugia, Lotus, and a sizable stake in Proton, holding company Zhejiang Geely’s international buying spree doesn’t look to be slowing down yet. Mercedes-Benz parent company Daimler on Saturday confirmed that Geely, which also owns Volvo and Lynk & Co., plus...

  • Teaser for Volvo Trucks electric urban delivery vehicle
    Volvo Trucks plans electric delivery vehicle for 2019

    Not to be left out of the push for electric and electrified commercial vehicles, Volvo Trucks announced Tuesday that it will begin selling electric trucks in Europe in 2019. The company sees its electric trucks as a way to not only reduce pollution but also alleviate traffic congestion and improve...

  • Volvo VNL-series semi-trailer truck

    After adding Lotus, Terrafugia and a sizeable stake in Proton to its portfolio last year, holding company Zhejiang Geely is ringing in the new year with an 8.2 percent stake in AB Volvo, the maker of Volvo trucks and buses. Zhejiang Geely on Wednesday agreed to buy the stake from investment firm Cevian Capital. It means the Chinese company is now the single biggest shareholder in AB Volvo and second in terms of voting rights behind investment firm Industrivarden. Financial terms weren’t revealed but Reuters calculates the deal must have cost Zhejiang Geely around $3.26 billion. Zhejiang...

  • 2017 Lotus Evora Sport 410 (European spec)
    Lotus wants to take on Ferrari with new models

    Lotus is best known for its track-focused vehicles as of recent, but one day, the brand's new Chinese owner wants it to rival Ferrari and Porsche. So said the chief of Geely, An Cong Hui, whose company in May took a majority stake in Lotus, along with a major stake in Lotus parent company Proton...

  • Terrafugia TF-X
    Terrafugia sold to Geely, promises flying car by 2019

    Zhejiang Geely, the Chinese holding company that controls the Volvo, Lynk & Co., Geely and Lotus brands, announced on Monday plans to fully acquire American flying car startup Terrafugia. Terrafugia, based in Boston, Massachusetts, became one of the first firms in the flying car space when it...

  • 2018 Lotus Evora GT430
    China’s Geely completes acquisition of Lotus

    Zhejiang Geely Holding Group in May agreed to purchase 51 percent of Lotus, giving the Chinese automaker a sports car brand to sit alongside its other brands which include the likes of Volvo, Lynk & Co. and Geely. Geely Holding on Friday closed the deal which sees the remaining 49 percent of...

  • 2016 Lotus Elise Race 250
    Lotus shocks, heads toward profitability as fiscal year closes

    Lotus has pulled a money-laden rabbit from its top hat. With the results of its 2016/2017 fiscal year, Lotus Group International Limited's operations are heading toward profitability. At the close of the fiscal year, Lotus posted a positive earnings before interest, tax, depreciation, and...

  • 2017 Lotus Exige Sport 380
    Lotus cars could be built in China, says new owner Geely

    China’s Zhejiang Geely, the holding company that owns the Volvo, Lynk & Co and Geely car brands, entered a deal in May to acquire a 51 percent in stake Lotus from Malaysian conglomerate DRB-Hicom. As part of the deal, Geely also agreed to acquire a 49.9 percent stake in Malaysian...

  • 2017 Volvo S60 and V60 Polestar

    Lotus has a long history in engineering and building precise, sharp-handling cars. Now, as Lotus and parent company Proton, are in the process of being acquired by Chinese firm Geely, a bit of that spritely British engineering could find its way to Volvo. How might Swedish engineering and British finesse combine? Volvo is also owned by Geely, which means Lotus and Volvo will have the opportunity to share expertise. Volvo is pretty open to the idea as well, according to Drive. "Why not," Roger Wallgren, principal engineer of vehicle dynamics for the Volvo XC60, said. "I don't see any problem...

  • 2016 Lotus Exige Sport 350
    Geely agrees to purchase major stake in Lotus, Proton

    China’s Zhejiang Geely Holding Group, the company that owns the Volvo, Lynk & Co and Geely car brands, on Wednesday agreed to purchase 49.9 percent of Lotus parent company Proton from current owner DRB-Hicom. As part of the deal, Geely will also purchase a 51 percent stake in Lotus. Terms...

  • Proton logo
    Report: Geely, PSA Group compete for Lotus parent Proton

    Malaysian conglomerate DRB-Hicom is looking to offload its majority stake in fellow Malaysian firm Proton and two of the potential bidders are reported to be China’s Geely and France’s PSA Group. The information was reported on Sunday by the Financial Times which cited an anonymous...

  • Lynk & Co 01
    Geely’s new brand Lynk & Co. debuts with 01 SUV

    Chinese automaker Geely is looking to expand outside of its home market with a new mainstream brand called Lynk & Co. Lynk & Co’s vehicles will be built in China but leverage the design and engineering expertise of Volvo, which Geely acquired form Ford Motor Company [NYSE:F] in 2010...

  • Lynk & Co logo
    Geely to launch new global brand Lynk & Co.

    Chinese automaker Geely is preparing to launch a new car brand aimed at global markets. The new brand is called Lynk & Co and is set to have its official coming out party on October 20, 2016. A single teaser shot depicting the grille of Lynk & Co’s first model has been released to...

  • Bloodhound SSC
    China’s Geely is new partner for Bloodhound land speed record team

    The United Kingdom’s Bloodhound has secured vital funding from Chinese automaker Geely in order to complete its attempt on the world land speed record, scheduled to for South Africa in October 2017. Geely, which is the parent company to Volvo, has been named the prime sponsor of Bloodhound...

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