Geely Automobile Holdings Ltd

A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai)Vcg | Visual China Group | Getty ImagesLIVONIA, Mich. – A small electric vehicle is having a big impact on the global automotive industry.It's not the EV itself that's making waves but its price — and its potential to disrupt domestic auto industries around the world.The China-built BYD Seagull, a small all-electric hatchback, starts at just 69,800…

Chinese automaker Geely unveils first model of its new Lynk & Co brand in Berlin. Ullstein Bild Dtl. | Ullstein Bild | Getty ImagesBEIJING — Companies from Nvidia to Huawei are chasing the market for in-vehicle tech as the electric car industry booms, with Ecarx emerging as a new contender.Since 2017, Chinese car conglomerate Geely's founder and chairman, Eric Li, has been building Ecarx that provides software and chip systems for digital car cockpits and driver-assist.The company on Wednesday reported its…

A Volvo C40 Recharge electric SUV is on display during the Volvo "A New Era of Volvo Cars" press conference at The Shilla Seoul on March 14, 2023 in Seoul, South Korea.Han Myung-gu | Wireimage | Getty ImagesVolvo Cars shares surged more than 21% on Thursday after the Swedish automaker announced that it will stop funding subsidiary Polestar Automotive.Volvo earlier in the day reported a 10% year-on-year increase in fourth-quarter net sales to 148.1 billion Swedish krona ($14.16 billion), bringing its full-year 2023 total…

A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai)Vcg | Visual China Group | Getty ImagesShares of Chinese electric car makers have started the new year in reverse gear, as intense competition and continuing price wars pressure the profitability of automakers, while the overall market sentiment remains weak.Hong Kong-listed shares of Nio and Xpeng have plummeted more than 18% and 16%, respectively,…

Chinese electric vehicle company Xpeng told CNBC on Friday that its newly launched X9 model could be a "game changer" for the industry.Xpeng launched the X9 large 7-seater EV on Jan. 1, a car built on its SEPA2.0 architecture for the Chinese market. The X9 series are priced between 359,800 yuan to 419,800 yuan (about $50,360 to $58,760) with immediate deliveries."For X9, we actually anticipate this to be a game changer for the battery electric vehicles segment for MPVs (multi-purpose vehicles)," Brian Gu, vice chairman…

A Polestar 4 electric SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) on April 18, 2023 in Shanghai, China.Vcg | Visual China Group | Getty ImagesSwedish electric vehicle maker Polestar on Wednesday cut its longstanding 2025 deliveries target and said that despite cost cuts, it will still need to raise cash to break even that year.The company also cut its guidance for the current year.Shares rose about 3% in after-hours…

A presenter stand next to Hyundai's all-electric SUV 'IONIQ 5' during its launch at the Auto Expo 2023 on January 11, 2023 in Greater Noida, India.Ajay Aggarwal | Hindustan Times | Getty ImagesSouth Korean automaker Hyundai Motor Company is ramping up its production capabilities as it aims to become one of the world's top three electric vehicle manufacturers by 2030.The automaker is investing heavily in research and development, building new plants and platforms as well as expanding EV lines and production capacity."We…

Mobileye signage during the company's IPO at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 26, 2022. Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest US initial public offerings of the year above its marketed range to raise $861 million.Michael Nagle | Bloomberg | Getty ImagesShares of Mobileye, Intel's self-driving subsidiary, were trading sharply lower on Thursday after the company cut its full-year forecast, citing weakness in China's electric vehicle…

Chinese automaker Geely beat revenue expectations for 2022, sending shares surging Wednesday.Shares of Geely spiked as much as 7%, before settling down to trade nearly 3% above its previous close.Geely reported its 2022 revenue surged 45.6% from a year ago to 148 billion yuan ($21.49 billion), while profit jumped 8.5% to reach 5.26 billion yuan. Analysts had expected Geely to report 135.4 billion yuan in revenue, according to a Refinitiv consensus estimate.The company described this as a "resilient financial and…

A worker checks the quality of a vehicle before rolling off the assembly line at the production workshop of SAIC General Motors Wuling in Qingdao, East China's Shandong province, Jan. 28, 2023. (Photo credit should readCFOTO | Future Publishing | Getty ImagesGeneral Motors is losing ground in China, its top sales market for more than a decade and one of two main profit engines for the Detroit automaker.The company's market share in the country, including its joint ventures, has plummeted from roughly 15% in 2015 to 9.8%…