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  • China's Geely raises $836 million from share sale May 29, 2020 11:40 AM IST

    China's Geely raises $836 million from share sale

    Hong Kong-based Geely has sold 600 million primary shares at the bottom of the HK$10.80-HK$11.20 ($1.39-$1.44) price range, or at a 7.85% discount to the last closing price of HK$11.72, according to its release.

  • China's Geely invests $326 million to build satellites for autonomous cars Mar 03, 2020 08:20 AM IST

    China's Geely invests $326 million to build satellites for autonomous cars

    Geely, one of China's most internationally-known companies due to its investments in Daimler, Volvo and Proton, is building the facilities in Taizhou, where it has car plants. It aims to produce 500 satellites a year by around 2025, with around 300 highly-skilled staff, it said in a statement.

  • Geely to deepen ties with Volvo, plans to list under one umbrella Feb 11, 2020 10:10 AM IST

    Geely to deepen ties with Volvo, plans to list under one umbrella

    Monday's move to merge the two units come as global automakers pursue alliances to respond better to the cost of switching to electric cars, tougher emission rules and autonomous driving.

  • Daimler and Geely to develop next generation Smart car Mar 28, 2019 01:54 PM IST

    Daimler and Geely to develop next generation Smart car

    Under the agreement, expected to be finalised by the end of 2019, the new vehicle will go on global sale in 2022, the German and Chinese car giants said in a joint statement.

  • Toyota says in talks with Geely on cooperation in hybrid vehicle technology Sep 06, 2018 05:14 PM IST

    Toyota says in talks with Geely on cooperation in hybrid vehicle technology

    Toyota said in a statement to Reuters that it and Geely are currently "communicating with each other" about gasoline-electric hybrid technology.

  • China's Geely buys stake in Swedish truck maker Volvo from Cevian Dec 27, 2017 01:12 PM IST

    China's Geely buys stake in Swedish truck maker Volvo from Cevian

    They did not disclose the value of the transaction, which makes Geely Volvo's largest owner by capital and the second biggest by voting rights after investment firm Industrivarden.

  • Volvo owner Geely acquires Proton, buys 49.9% stake May 25, 2017 09:06 AM IST

    Volvo owner Geely acquires Proton, buys 49.9% stake

    Zhejiang Geely Holding Group Co Ltd, parent of Hong Kong-based Geely Automobile Holdings Ltd, will also acquire 51 percent of Proton's stake in British car maker Lotus, the companies said, without disclosing the value of the deals.

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