Swedish Polestar to tap French market with premium EV lineup
Swedish premium electric vehicle maker Polestar will begin delivering cars in France this year, aiming to make it…
Browsing Tag
Geely
Volvo cars sales fall in May ’25, EV demand slips
Volvo Cars reported a 12 per cent year-on-year drop in global sales for May, delivering 59,822 vehicles, the…
Geely launches first car assembly plant in Egypt
Egypt's Prime Minister Moustafa Madbouly witnessed on Wednesday the inauguration of Geely's new car assembly plant…
China’s new energy vehicle sales surge in Nov. ’24
China's new energy passenger vehicle market saw strong growth in November 2024, with wholesale figures hitting 1.46…
EU advances with tariffs on China’s EV imports
The European Union (EU) is proceeding with plans to impose provisional tariffs on imported Electric Vehicles (EV)…
China pours $830m into solid-state battery race
China is investing over $830 million in a state-led initiative to advance solid-state battery technology for…
China’s Zeekr set to raise $367.5m in New York IPO
Chinese electric vehicle (EV) maker Zeekr is accelerating its New York initial public offering (IPO) timeline,…
China’s Zeekr to raise $500m in US IPO
China's Zeekr electric vehicle has resumed plans to raise up to $500 million in a New York initial public offering…
Aramco eyes expansion in China
Saudi Aramco’s CEO, Amin Nasser, announced on Sunday that the company is exploring further investment opportunities…
Volvo cuts off Polestar, Geely takes over
Volvo Cars announced on Thursday its intention to cease its financial support for Polestar Automotive Holding.…
Suzuki halts Hungary plant for 1 week over Red Sea attacks
Suzuki Motor said on Monday it will halt production of its Vitara and S-CROSS in Hungary for a week amid Red Sea…
Geely to invest $10 bln in Malaysia’s automaking hub
Chinese automaker, Geely, will invest $10 billion to develop the main auto-making hub in Malaysia, Malaysian Prime…
Chinese brands replace iPhones, Hyundai in Russia’s war economy
Since the beginning of the Russian invasion of Ukraine one year ago, Russians have replaced smartphones and cars…
Egypt, Chinese Geely deal to produce electric cars
Egypt's National Organization for Military Production and China's carmaker Geely signed on Friday a memrondum of…
China’s carmaker Geely reportedly acquiring 49.9% stake in Malaysia’s iconic Proton
Chinese automaker Geely will be acquiring a 49.9 percent stake in Malaysia's iconic, home-grown, but…
Diverse Markets Are Key for GB Auto’s Growth; CEO
Ghabbour Auto (AUTO.CA), Egypt’s leading car distributor, is counting on a strategy of expansion in the Middle East…
GB Auto Pushes Regional Expansion Drive Forward Into Algeria And Libya
GB Auto (AUTO.CA), a leading automotive assembler and distributor in the Middle East and North Africa, announced on…
EGX 30 Retreats 8.7% In Week On Runoff Uncertain Results
Egyptian exchange main index EGX30 index sunk by 8.76 % this week, representing a retreat of 387.44 points, ending…
GB Auto gains L.E5.5 Billion Revenues on Passenger Car Sales: FY 2011
GB Auto (AUTO) has achieved revenues of L.E5.5 billion during the FY 2011 gaining 7.2%, noting that it had posted…