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Geely

All articles tagged with #geely

automotive12 days ago•1 min saved

Geely and Nio Finalize Capital-Level Battery Swap Partnership

Geely Holding Group has signed a definitive agreement to acquire a 30% stake in Nio Power, the battery swap subsidiary of Nio Inc. The deal values Nio Power at approximately 16 billion yuan ($2.37 billion) and marks a shift from technical cooperation to capital-level integration. Geely will contribute its commercial battery swap subsidiary, Yiyi Power, and 640 million yuan in cash. In return, Nio China will retain a controlling 63.6% stake. Concurrently, Nio will acquire a 10% stake in Geely’s charging unit, Haohan Energy, to facilitate the purchase of charging assets. The partnership aims to integrate commercial fleet operations and develop unified battery swap standards for consumer vehicles, with Nio Power targeting 10,000 swap stations by 2030.

via CnEVPost|

#automotive #battery-swap #ev-infrastructure

business12 days ago•37 min saved

Nio and Geely Finalize Battery Swap Deal, Valuing Nio Power at RMB16B

Nio and Geely Holding Group have signed definitive agreements to deepen their strategic partnership in battery swapping and charging. Geely will acquire a 30% stake in Nio Power, valuing the unit at approximately RMB16 billion, by contributing its commercial battery swap subsidiary and RMB640 million in cash. Nio retains a controlling 63.6% stake. Concurrently, Nio will acquire a 10% stake in Geely’s charging unit, Haohan Energy. The deal integrates Geely’s commercial fleet swap operations into Nio’s network and includes preliminary plans for consumer vehicle battery swapping, marking a shift from technical cooperation to capital-level integration.

via eletric-vehicles.com|

#battery-swapping #business #ev-infrastructure

technology15 days ago•2 min saved

Geely Unveils 2.25 MW Charging Tech and New Battery Standards to Rival BYD

Geely has officially launched its 'Smart Charge' ecosystem, featuring a single-gun charger with a peak output of 2,250 kW, a new industry record. The system uses an AI-driven energy model to manage battery temperatures, enabling a Lynk & Co 10 to charge from 10% to 97% in 8 minutes and 40 seconds. Geely plans to deploy over 100,000 charging guns by 2027, including 50,000 Smart Charge units, and offers new incentives such as extended battery warranties and annual charging allowances for early adopters.

via CarNewsChina.com|

#battery-technology #byd #china-ev-market

technology17 days ago•2 min saved

Geely’s 4.5-Minute Charge Challenges CATL’s Dominance in Chinese EV Market

Geely has unveiled a new ultrafast charging system capable of charging an electric vehicle battery from 10% to 70% in just four minutes and 30 seconds. This announcement intensifies the competition among Chinese automakers to reduce reliance on battery giant CATL, which currently controls approximately 38% of global lithium iron phosphate manufacturing capacity. While Geely’s technology matches the speeds of rivals like BYD, analysts remain skeptical about the long-term impact on CATL’s market dominance due to its entrenched supply chain position and significant market share.

via Financial Times|

#battery-technology #catl #china

business1 month ago•10 min saved

BYD Extends Lead in China’s August 2026 NEV Exports as Tesla Slips to Fourth

BYD dominated China’s August 2026 passenger NEV exports with a 35.4% share (183,746 units), up 130.8% year-on-year and 5.8% month-on-month, followed by Geely (13.5%) and Chery (13.2%), while Tesla China fell to fourth with 7.0% after a 45.5% MoM drop; for January–August 2026 BYD led NEV exports at 33.9%, and in the broader August passenger-vehicle export market, Chery led with 21.8% and BYD was second at 20.7%.

via cnevpost.com|

#business #byd #chery

business1 month ago•24 min saved

Ford Hit with Bipartisan Pushback Over Chinese Ties and Battery Plans

Ford is facing bipartisan pressure from the Trump administration and GOP lawmakers over its ties to Chinese firms, including a CATL-licensed battery technology at its Michigan plant, a planned 66% Ford / 34% Geely joint venture in Valencia, Spain, and talks with BYD on batteries for hybrids. Ford stresses the CATL deal is licensing/servicing, not a manufacturing joint venture, and says it would still own and control the U.S. plant, but critics warn of dependence on Chinese tech and IP and have urged greater transparency as investigations seek details on termination rights, tech support, and potential China-based manufacturing.

via New York Post|

#business #byd #catl

business1 month 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

business2 months 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

technology3 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

policy3 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

technology4 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

business4 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

business5 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

technology6 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

transportation8 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