Tag

Geely

All articles tagged with #geely

business14 days ago•2 min saved

Geely Leads Six–Month Chinese Car Sales as EV Dominance Grows

Autohome data show Geely’s Xingyuan electric hatchback is the top seller in the six months through July, with Tesla’s Model Y second and BYD’s best model slipping to fifth. VW is the only traditional foreign brand in the top 10. New energy vehicles now account for about 65.1% of July passenger-car sales (up from 54% a year earlier), though NEV sales for January–July are down 12.5% while overall passenger-car sales fall 20.3% over the period.

via CNBC|

#business #byd #geely

business1 month ago•5 min saved

Ford-Geely JV to build European EVs in Valencia, adds new Bronco and two Geely SUVs

Ford and Geely announced a new joint venture to manufacture Ford- and Geely-branded electrified vehicles at Ford's Valencia, Spain plant, targeting Europe with up to 500,000 vehicles per year. Ford will introduce a new multi-energy electric crossover and a rugged Bronco, while Geely will produce two new electric SUVs at Valencia. If approved, production could start in 2027 with first units in 2028, and Ford would own 66% of the JV while Geely holds 34%.

via Electrek|

#business #europe #ev

technology2 months ago•6 min saved

US blocks Polestar's new-car sales under Chinese-ownership rule

Polestar will not be allowed to sell model year 2027+ vehicles in the US after the BIS declined to authorize sales under the Connected Vehicle Rule, which bans vehicles with a nexus to China or Russia. Volvo—also Geely-owned—was granted authorization, underlining that corporate structure and software sourcing, not assembly location, drive the decision. Polestar will continue selling existing stock and servicing current owners, while pivoting toward Europe and other growth markets (Europe accounts for the bulk of its sales). The ruling sets a precedent that Chinese ownership can restrict entry to the US market, with potential implications for other automakers and US policy.

via Electrek|

#connected-vehicle-rule #geely #polestar

policy2 months ago•10 min saved

US halts Polestar’s US future-model sales from 2027 onward

The US Commerce Department declined to authorize imports of Polestar cars starting with model year 2027 due to a rule barring connected cars from automakers with Chinese links, effectively stopping new Polestar models in the US beyond existing stock. Polestar will continue servicing current vehicles (e.g., Polestar 3/4) and supporting customers, but future models like the Polestar 5/6 won’t be sold in the US. Polestar is owned by Zhejiang Geely Holding, with production spread across the US (Polestar 3 in South Carolina), Korea, and China; Volvo’s MY27 imports were authorized separately.

via Ars Technica|

#commerce-department #geely #model-year-2027

technology3 months ago•11 min saved

Volvo wins case-by-case U.S. clearance to sell China-linked connected cars

Volvo Cars has received a specific authorization from the U.S. Department of Commerce to import and sell connected cars in the United States despite a broader 2027+ ban on software linked to China, with approvals granted on a case-by-case basis under the Securing the Information and Communications Technology and Services Supply Chain rule. The move, tied to Volvo’s governance and data-security commitments and involving a partial stake by Geely, could influence whether other Chinese-owned electric vehicles can enter the U.S. market in coming years.

via Ars Technica|

#china #commerce-department #connected-vehicles

business3 months ago•1 min saved

Volvo Wins U.S. Clearance to Import Cars With Chinese Connected Tech

Volvo Cars won a specific U.S. authorization to continue importing vehicles that use Chinese-developed 'connected technology,' despite Biden-era rules restricting Chinese software in the U.S. market. The approval came after discussions on governance, technology and data security, and supports Volvo’s U.S. growth—including new hybrids built in South Carolina by the end of the decade and XC60 production in SC starting in late 2026—while tariffs previously curtailed Chinese imports.

via CNBC|

#business #connected-car-technology #geely

business3 months ago•3 min saved

Geely Builds a U.S. Footprint Through Volvo, Polestar, and Zeekr

Geely Holding is quietly building a U.S. foothold by owning stakes in Volvo Cars, Polestar, and Lotus, plus its Zeekr/Lynk & Co brands, gaining dealer-network access and potential U.S. production. Volvo’s Charleston, SC plant could expand, with XC60 hybrid adding about 45k units/year and Volvo aiming for roughly 200k U.S. sales, with a large portion produced locally. Zeekr is seen as the best candidate to lead a U.S. entry, aided by Waymo’s use of Zeekr tech, while bipartisan opposition to Chinese automakers persists; other Chinese players like BYD and CATL are expanding in the U.S. The takeaway: Geely’s U.S. strategy hinges on networks, platforms, and potential local manufacturing.

via CNBC|

#business #geely #polestar

technology5 months ago•53 min saved

Nvidia expands robotaxi drive by adding BYD and Geely to Drive Hyperion

Nvidia announced at GTC that BYD and Geely will join its Drive Hyperion platform for Level 4 robotaxi development (alongside Isuzu and Nissan), with Geely’s Zeekr using Thor chips and Waymo and Lyft leveraging Nvidia tech for car and cloud services. The move widens Nvidia’s footprint in autonomous driving amid US‑China tensions and underscores its push to grow its automotive business, even as auto revenue remains a small share of total revenue.

via The Verge|

#byd #drive-hyperion #geely

transportation6 months ago•61 min saved

Geely’s US car push hits cybersecurity gate

Geely, which controls Volvo, plans to build cars in the U.S. via Volvo’s South Carolina plant, but a new Commerce Department rule requires that all software and connectivity tech be free of Chinese control. Software for model years 2027+ must be certified, with per-model/year authorizations, and hardware bans begin for 2030; no waivers have been issued yet. Volvo may help navigate approvals, but Geely would need to prove software origin and data governance for every model/year before selling in America.

via theverge.com|

#autonomous-driving #commerce-department #cybersecurity

technology7 months ago•6 min saved

Trump Opens Doors to Chinese EVs, If They Build in America

President Trump says Chinese EV makers can enter the U.S. market only if they build plants in the United States and hire American workers, with BYD and Geely among those eyeing U.S. expansion. A CAM ranking names BYD, Geely, and VW as the top EV innovators, while Ford defends its costly EV reset and shifts toward affordable models under the UEV plan, signaling intensifying competition in the American EV space.

via InsideEVs|

#byd #china #ev

businesstechnology2 years ago•0 min saved

"China Urges EV Manufacturers to Prioritize Local Chip Purchases Amid Escalating US Tensions"

In response to escalating tensions with the US, the Chinese government has urged electric vehicle manufacturers like BYD and Geely to increase their purchases from local auto chipmakers, aiming to reduce reliance on Western imports and bolster China's semiconductor industry. The Ministry of Industry and Information Technology has set a goal for automakers to source a fifth of their chips locally by 2025, but is reportedly dissatisfied with the current pace of progress.

via Bloomberg|

#businesstechnology #byd #china

business2 years ago•2 min saved

Volvo to Reduce Stake in Polestar, Shifts Focus Away from Electric Vehicle Maker

Volvo plans to sell 62.7% of its stake in EV maker Polestar and cut off funding, aiming to focus on its own development as it transitions to lead in next-gen mobility. Despite the sale, Volvo will retain influence over Polestar and continue collaboration. Geely, Polestar's parent company, will support the EV maker financially and operationally. Polestar is set to launch new models, while Volvo also has an exciting lineup of EVs launching this year. Polestar's stock is down over 8% following the news, reflecting a broader downturn in EV stocks.

via Electrek.co|

#business #ev #geely

space-technology2 years ago•4 min saved

"China's Rapid Satellite Launches: From Inland to Low-Orbit Missions"

China successfully launched 20 satellites into orbit using two separate rocket launches, including 11 mobility services satellites for Chinese automaker Geely and nine diverse satellites for various customers. The launches included the third Jielong-3 (Smart Dragon-3) solid rocket launch from a mobile sea platform, indicating a growing cadence of sea launches for China. The satellites are part of plans to establish global real-time data communication services and demonstrate advanced capabilities such as autonomous processing and laser-based communications.

via SpaceNews|

#china #geely #jielong-3

technology2 years ago•3 min saved

"Geely's Satellite Fleet: Revolutionizing Real-Time Communication and Autonomous Driving"

Chinese carmaker Geely's subsidiary, Geespace, launched 11 communications satellites into low-Earth orbit, aiming to provide real-time satellite communication for its vehicles and consumer electronics. The company plans to deploy a network of satellites to support features in Geely vehicles and offer global satellite communication services. Geespace's efforts reflect China's push to catch up in low-Earth orbit, challenging SpaceX's dominance in the area.

via Fortune|

#geely #geespace #low-earth-orbit

technology2 years ago•1 min saved

"Geely's Satellite Launch Boosts Autonomous Car Navigation"

Chinese automaker Geely has launched 11 low-earth orbit satellites to enhance navigation for autonomous vehicles, with plans to have 72 in orbit by 2025 and a constellation of 240 in the future. The satellite network will provide high-precision positioning support for self-driving cars and other commercial functions, including connectivity to the consumer electronics sector. This move reflects China's increasing private investment in the space industry and aligns with Beijing's five-year plan for an integrated network of satellites for communications, remote sensing, and navigation.

via Reuters|

#autonomous-vehicles #china #geely