Geely

Ford and China's Geely are forming a joint venture to produce electric vehicles at a plant in Spain, with operations starting in 2027 and first vehicles in 2028.

Ford and China’s Geely are forming a manufacturing joint venture at Ford’s Valencia plant in Spain to revive Ford's European business.

Polestar, a Swedish EV brand majority-owned by China's Geely, announced it will stop selling vehicles in the US starting with the 2027 model year after the federal government denied its authorization to continue sales due to a rule banning Chinese-made connected vehicle software. The decision has left existing US owners and dealers uncertain about vehicle servicing and support.

Polestar's chief claims globalization for carmakers is over following a U.S. sales ban. The Swedish group, majority-owned by China's Geely, will be barred from selling new electric vehicles in the U.S. starting next year.

China's passenger car exports rose 80% in June 2023, driven by strong electric vehicle demand, while domestic sales fell 26% in the first half of the year. Export growth was attributed to overseas expansion by automakers like BYD, despite domestic market challenges including price wars and reduced EV subsidies.

Chinese automakers will debut over 150 electric vehicles in the second half of 2023 amid slowing domestic demand, profit-destroying price wars, and international complaints about overcapacity. BYD, Geely, and other companies plan to launch models priced around 100,000 yuan, according to HSBC data.

The U.S. has barred Polestar from selling new electric vehicles due to its Chinese ownership. The Commerce Department denied Polestar authorization under the Connected Vehicle Rule, leading the Geely-owned brand to cease U.S. sales.

Chinese carmakers accelerated sales in Europe last month, with Geely Group ranking eighth among all manufacturers in May. Brussels is considering fresh tariffs to slow their expansion, according to industry data from the European Automobile Manufacturers Association (ACEA).

Chinese carmakers accelerated sales in Europe in May, with Geely Group ranking eighth among manufacturers. Brussels is considering new tariffs to slow their expansion, according to ACEA data covering the EU, UK, and EFTA.

Geely will shut some units and focus on its Hong Kong-listed arm, according to the company's chairman. The decision is part of a strategic shift.

Chinese beauty brands are expanding into Southeast Asia as their first step in globalizing, with Joy Group opening stores in Malaysia and Singapore. The region's consumer market and cultural similarities have driven growth, with Chinese skincare and color cosmetics reporting high compound annual growth rates in Southeast Asia.

Battery electric vehicles dominated China's April sales rankings, capturing 9 out of the top 10 spots as rising oil prices drive consumer shift away from petrol cars. Only Geely's Binyue petrol model cracked the top 10 bestsellers list, signaling a sharp acceleration in China's electrification drive.

The Beijing Auto Show in 2026 showcased new technologies from the cutthroat competition between BYD and Geely in China's EV market. BYD's Denza Z model was featured, reflecting the intense rivalry driving innovation.

Geely Senior Vice President Yang discussed the company's business outlook. The article highlights his insights on future strategies and market conditions.