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  Geely acquires 49.9% stake in Proton Motor

  On January 20, Geely announced on the Hong Kong Stock Exchange that Linkstate, a direct wholly-owned subsidiary, entered into a Proton agreement with Geely International Hong Kong. Geely International Hong Kong conditionally agreed to sell and Linkstate conditionally agreed to buy Proton sales shares and sales loans at a consideration of RMB 10.

  2023-01-21
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  After Geely spent 1.2 billion to buy Proton, Proton released a new LOGO and a new slogan ​.

  Yang Xueliang, vice president of Geely Automobile Group, said on personal social platform that Proton Motor has released new brand value, new LOGO and new slogan, according to domestic media reports. Its new brand LOGO is: (Proton, next chapter! The new slogan is: (stimulate connection); the core values of the brand are: innovative technology, reliability, internationalization). In addition, Proton also released a new brand logo. Compared with the old version of the design, the new version of the logo design is round, and has two versions of black and white, while retaining the original design elements of the Proton logo. It is understood that Proton is a domestic car brand in Malaysia, established in 1983.

  Geely spent 1.2 billion to buy Proton which released a new LOGO and a new slogan ​ 2019-09-24
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  Geely Yang Xueliang released Proton's new LOGO and slogan on social platform

  According to relevant media reports, the vice president of Geely Automobile Group said on the personal social network today that Proton Motors has released new slogans, new LOGO and new brand value. The new slogan is: INSPIRING CONNECTIONS (stimulate connection); the new brand LOGO is: PROTON,NEXT CHAPTER! Proton, the next chapter! The core values of the new brand are: Innovative Technology,Reliability,International (innovative technology, reliability, internationalization). This.

  Geely Yang Xueliang Proton Automobile New LOGO 2019-09-24
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  Proton Motor has obtained a loan from China Construction Bank and will be used for business expansion in Southeast Asia.

  On the eve of Belt and Road Initiative, Proton signed a CKD factory with Pakistan's Ajiha Automobile Group to produce Proton's BX7 models and received a bank loan of US $455.1 million (about RMB 3.1 billion) from China Construction Bank. Proton plans to become the third largest car brand in the ASEAN region by 2027, said Syed Faisal Albar, chairman of Proton. "expanding into the international market is important for brand sales growth, and access to financing will enable Proton to invest in a lot of projects, which will make Proton a global brand.

  Car Geely under 2019-04-28
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  Proton CKD factory settled in Pakistan to build an example for Belt and Road Initiative

  On April 26, witnessed by Malaysian Prime Minister Mahathir Mohamad, Proton Motor and Pakistan Ajiha Automobile Group held a production technology license agreement exchange ceremony. According to the agreement, Proton built a CKD assembly plant in Karachi, Pakistan, and this time, when the second Belt and Road Initiative International Cooperation Conference was held, it sent an important signal that Belt and Road Initiative's policy brought economic development and cooperation in the region. Proton, Malaysia's largest carmaker, previously owned by the DRB-HICOM Group, was founded under the leadership of the current Prime Minister, Mahathir Mohamad, and acquired British Lutes in 1996, giving the company

  Factory car 2019-04-28
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  Li Shufu has another car company listed in the United States!

  On January 31st, Lutes Technology announced that it had reached a final merger agreement with special purpose acquisition company L Catterton Asia Acquisition Corp (hereinafter referred to as LCAA), which is expected to complete the merger in the second half of 2023. According to the merger and acquisition agreement

  Tex Geely Brand Proton Automotive Intelligence Technology models Luter Market West Asia Malay Malaysia Holdings Code 2023-02-02
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  Guan Xuan! Geely acquires Aston Martin

  Zhejiang Geely Holdings Group Co., Ltd. (hereinafter referred to as "Geely Holdings") announced that it had completed the acquisition of 7.6% of the shares of British ultra-luxury performance brand Aston Martin Lagunda International Holdings (hereinafter referred to as "Aston Martin"). Geely always gives people the impression of "buying" and being swallowed by it.

  Martin Geely as Aston Group Holdings Company Automobile Sterling Ford Investment Brand UK shares 2022-09-30
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  Lutes' global headquarters is located in Wuhan, Weilai participates in the investment.

  On August 31, Lutes, a sports car brand of Geely Holdings, officially announced the establishment of Lutes Technology, and moved its global headquarters to Wuhan Economic Development District. Lutes Global Intelligent Factory will also be located in Wuhan. It is understood that Lutes Science and Technology Intelligent Factory has been built in 2020, and the production line will be completed by the end of this year. After it is put into production, it will have an annual production capacity of 150000 vehicles. Data show that Lotus, which was founded in 1952, was on a par with Lamborghini, Ferrari and other supercars, and was acquired by Malaysian carmaker Proton Motor in 1996. Lotus officially entered the Chinese market and released in June 2011.

  Lutes. 2021-08-31
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  Merger or top priority! Geely is studying specific plans for a merger with Volvo

  According to the results released by Geely Automobile, Geely's revenue in 2019 was 97.401 billion yuan, down 9% from 10.66 billion yuan in 2018, and its net profit was 8.189 billion yuan, down 35% from 12.553 billion yuan in 2018. Geely said in the report that both operating income and net profit fell due to a larger-than-expected decline in overall sales during the year, as well as pricing pressure caused by weak demand and fierce market competition. At present, ample cash flow gives Geely the strength to cope with the impact of the epidemic on sales and production. However, Geely still said that "epidemic."

  Geely Volvo 2020-03-31
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  The latest internal structure of Geely Group has been announced, which is divided into five brands.

  Geely Group has developed from the original Geely brand to an international enterprise with many brands. A few days ago, Geely Group announced the latest structural division, and its brands have been divided into five units. According to the new structure, Geely owns five sub-brands: Geely, Geely New Energy, Lecker, Proton and Rooster. Among them, Geely New Energy has been spun off and become an independent sub-brand, and has an independent new car logo. According to the plan, Geely New Energy will launch nearly 30 new cars one after another, the first of which is a GE11 pure electric car, followed by Dihao PHEV, plug-in hybrid MPV and so on.

  Weilai 2019-02-23
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  Following the acquisition of GM's plant in India, Great Wall acquired GM's Royong factory in Thailand.

  Great Wall and General Motors jointly announced on February 17 that Great Wall will acquire GM's Royong manufacturing plant in Thailand. According to the agreement between the two sides, Great Wall will acquire General Motors Thailand, including the Luoyongfu car plant and the powertrain plant, and the two sides plan to complete the deal and final transfer by the end of 2020. however, the relevant agreement still needs to be approved by the government and regulators. Thailand Royong manufacturing plant is GM's vehicle manufacturing plant which was put into use in 2000. Since it was put into production, it has produced nearly 1.4 million cars. The factory mainly produces pickups and SUV models.

  Great Wall Motor General Motors 2020-02-17
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  Can Lutes usher in a new life with a new standard + Geely investment of 1.9 billion US dollars?

  On August 9th, Lutes officially released a new brand logo. The new logo is more flat than the old one, and Lutes' name is no longer bent, but sits in a straight line and looks more minimalist as a whole. At present, the new standard has been put into use on the official website and advertising, which marks that Lutes is about to begin a brand renaissance plan. When it comes to Lutes, we have to talk about this legendary brand. Many people may not know anything about Lutes, but when it comes to the British lotus, everyone must be no stranger. Lutes is actually known as the British Lotus, and as a brand that is about to be forgotten, Lutes.

  Geely investment 2019-08-09
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  2020 Hurun Automobile Rich list: Li Shufu dominates the list, Li Bin's wealth has shrunk sharply.

  Recently, the Hurun Research Institute released the latest global rich list, with a total of 2816 entrepreneurs on the list, an increase of 346 over last year. In the automotive sector, there are about 99 entrepreneurs on the list, including auto manufacturing, auto parts and auto sales. The richest man in China's auto industry is still the Li Shufu family, who topped the list of the richest people in China's auto industry with a wealth of 105 billion yuan. In recent years, Geely, under the leadership of Li Shufu, the pace of expansion has not slowed down. Geely acquired 49.9% of Proton Motors and 51% of luxury brand Lutes in 2017.

  Wei Lai Xiao Peng BYD Geely 2020-02-29
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  Great Wall Motor won the production right of "one country" again, and the new factory will reach 80,000 at the beginning of the year.

  Since Great Wall launched the strategic goal of the global market, it has wantonly accelerated its plans to invest in factories around the world. Following the completion of Great Wall's first wholly-owned overseas manufacturing plant last year, it has been reported that Great Wall will sign a formal equity acquisition agreement with General Motors in Bangkok, Thailand.

  Great Wall Motor 2020-10-01
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  Geely Li Shufu: hope to deepen the cooperative relationship with Daimler Group

  2020 is an important year for Geely, which will deepen its partnership with Daimler in addition to advancing the process of merging with Volvo. Li Shufu, chairman of Geely holding Group, said that Geely is exploring the possibility of further deepening cooperation with Daimler, parent company of Mercedes-Benz, and does not rule out the possibility that new cooperation opportunities will be created between Geely and Daimler. In addition, Li Shufu also said that a number of new products and services will be launched around the world this year. Lectra will be introduced to the European market in 2020, and Geely acquired Daimler AG through its overseas funds in February 2018.

  Geely Daimler. 2020-05-24
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  Guan Xuan! Geely and Renault to form a new joint venture

  French automaker Renault Group announced on November 8 that Geely Holdings, Geely Motor (hereinafter collectively referred to as Geely) and Renaults.a.s. Sign a non-binding framework agreement proposing the establishment of a joint venture company, and Geely and Renault will each hold 50% of the new company.

  Geely Renault Automotive Group Company fuel Business Market Brand Holdings Technology Wall Volvo Cooperation Global 2022-11-08
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  Lutes will open a second factory in the UK and plans to produce SUV in China.

  According to Bloomberg, Lutes will expand under the leadership of its parent company Geely, and there is a good chance that it will open a second plant in the UK and produce more SUV models aimed at new markets. Lutes CEO Popham said the company would triple production at its base in Ethel, eastern England, to slightly more than 5000 vehicles a year, or 10000 vehicles a year in a two-shift model. At the same time, Popham also said that he may be established in other parts of the UK and is not worried about the impact of Brexit. Lutes, a 70-year-old start-up, recently released.

  Factories models UK 2019-07-18
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  Another automobile manufacturing company was liquidated.

  Youth Automobile Group Co., Ltd. (hereinafter referred to as "Youth Automobile"), which attracted attention due to the "water-hydrogen engine", is back in the public eye because one of its subsidiaries went bankrupt. According to China Business Network, the interim manager of Jinhua Youth Automobile Manufacturing Co., Ltd. (hereinafter referred to as "Jinhua Youth Automobile"), a major car manufacturing entity under Youth Automobile, issued the "statement on the Declaration of creditor's Rights in Jinhua Youth Automobile bankruptcy liquidation case", formally announcing that the company has entered the bankruptcy liquidation procedure. According to the declaration of creditor's rights in Jinhua Youth Automobile bankruptcy liquidation case issued by Jinhua Youth Automobile interim Manager, Jinhua Intermediate people's Court made on February 7.

  Youth car 2021-02-28
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  Chicken feathers all over the floor! Youth car assets are auctioned off

  Once caused a sensation because of the "water hydrogen car", now the company's assets are listed for auction. Auto Industry concern learned from the Ali auction website that a number of related assets of Jinhua Youth Automobile Manufacturing Co., Ltd., a car manufacturing entity of Youth Automobile Group, and related companies were auctioned on Ali auction platform, and the auction targets included cars.

  Youth Automobile Company Jinhua auction Limited Limited Group right to use Land Land use right Land subject matter Equity vehicle 2023-01-09
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  Water can't turn into oil after all! 21 related companies of this car company went bankrupt.

  After the "hydrogen-water car farce" in Nanyang, Henan Province, the car-building script of Pang Qingqing and Youth Automobile Group has been difficult to continue. According to the bankruptcy documents issued by the Intermediate people's Court of Jinhua City, Zhejiang Province On August 11, the court formally ruled to accept Jinhua Yaman vehicle Co., Ltd., Jinhua Youth Man Automobile Co., Ltd., Jinhua Youth Commercial vehicle sales Co., Ltd., Youth Automobile Group Co., Ltd., Zhejiang Youth Automobile Research Institute Co., Ltd., Zhejiang Youth passenger car Group Co., Ltd., Jinhua Youth Lotus holding Group Co., Ltd. Jinhua Ruicheng Energy Technology Co., Ltd. and Jinhua Youth Automobile Manufacturing Co., Ltd. 21 and Jinhua.

  Youth car 2021-08-25