GELYF News and Press, Geely Automobile Holdings Ltd From 06/01/21

Global electric car sales for April 2021 were up 249% YoY reaching 5.7% YTD share. Europe sales rose 136% YoY reaching 15% share, China sales rose 173% YoY reaching 10% share. EV market news - EV prices fall as battery technology improves, EV/ICE parity forecast by 2023. Consumers and...

Married couples in China are now allowed to have up to three children, according to the Communist Party's Politburo, as the nation looks to mitigate risks to its long-term economic prospects. The policy change will come with "supportive measures, which will be conducive to improving our count...

Global electric car sales for March 2021 were up 173% YoY, reaching 8.2% share. Europe sales rose 169% YoY, reaching 16% share, while China sales rose 244% YoY, reaching 11% share. EV market news - Forecast: Electric vehicle sales will crack 5 million in 2021 reaching 7% share. Joe Bi...

Over 40 firms are currently selling passenger EVs in the Chinese market. Many will fail. There won't be a winner, only survivors. In the short run, sales are driven by subsidies. Those pull sales forward and make it easy to assume stronger demand than is warranted. There's a stron...

Baidu (BIDU) and Chinese automaker Geely (GELYF) are pushing ahead with their $7.7B plan to build smart cars together over the next five years. The two companies say the Jidu Auto electric vehicle venture will bring in funding from Baidu and other investors. Jidu hopes to to launch its first ...

The EV race is on as the 19th annual Shanghai Auto Show delivered a ton of new electric and tech-centric models this week. Chinese, European and U.S. automakers showed off their latest offerings in every price segment, showing us that an all-electric future is closer than ever. New mode...

Tesla (TSLA) is working on vehicles tailored to Chinese consumers amid some rising complaints in the nation about the company's electric vehicles. Tesla exec Grace Tao stated during the Shanghai Auto Show this week that Tesla that the new vehicles developed for China could also be sold i...

The electric vehicle (EV) market is expected to expand thanks to continued innovations and government initiatives to gradually replace internal combustion vehicles with EVs. So, can NIO Inc. (NIO) and Geely Automobile (GELYF) capitalize on these tailwinds? Read on to learn if either of these ...

The EU could be looking to take a stricter stance on plug-in hybrid electric vehicles ahead of the final Euro 7 emissions standards. Draft green finance regulations propose to phase-out PHEV by 2025 by removing the vehicle type from its 'sustainable investment' label. While this i...

Zhejiang Geely Holding Group (GELYF), Volvo Car Group (VOLVY) and several other electric-vehicle brands is in talks to sponsor a SPAC that could raise $300Mn in a Nasdaq initial public offering - WSJ. Volvo Cars and Geely is also intending to take their ESwedish electric-vehicl...