Geely
The Geely auto group, which includes stakes in Volvo, Lotus, and the maker of London’s ubiquitous black taxis, is coming under pressure from intense competition in China’s car market.
The move, coming almost exactly a year after Zeekr shares started trading in New York, underscores the extent of the upheaval hitting billionaire Li Shufu's auto empire, which is reeling from trade conflicts with the West and severe EV pricing pressures in China.
China’s carmakers are ready with the right technology, designs and prices to dominate in the coming decades — and they want the world to know it. And the number of journalists and influencers invited to cover the 2025 Shanghai auto show from abroad appears to be the highest ever.
The Future Hybrid Concept from Horse Powertrain includes an internal combustion engine, electric motor and transmission. It could appear in production cars by 2028.
New-vehicle sales at Geely Automobile Holdings, China’s second-largest private carmaker after BYD, jumped 54 percent to 232,177 in March.
China’s car market has undergone dramatic changes in recent years, with domestic automakers gaining ground on foreign rivals amid the market’s rapid shift to electrified vehicles. So who's winning?
Geely, aiming to streamline operations and improve efficiency, has accelerated the adoption of smart driving technologies across its brands after consolidating several engineering teams employing thousands of people and partnering with AI company Qianli Technology.
Level three technology has so far only been used on a trial basis worldwide. China granted approval in June to an initial group of nine automakers, including BYD and Nio, to carry out tests on level three vehicles on public roads.
The push to make cars safer and smarter is a more powerful force for global trade than tariffs and political uncertainty, leaders of two Chinese automotive tech companies say.
Farizon will compete against Ford, Renault and Stellantis in the growing sector as legislative pressure mounts to sell more EVs in a market reluctant to shift from diesels.
