Exclusive: Zeekr to take control of Lynk in major Geely shake-up, sources say
HONG KONG/SHANGHAI :Zeekr, a Chinese premium electric vehicle maker, will assume control of Lynk & Co, a sister brand owned by Geely and Volvo Cars, according to sources. #ZeekrTakesControlLynk This move marks the first major restructuring step in Geely Holding’s extensive overhaul. Geely owns several brands, including Volvo Cars, and shifts focus from acquisitions to […]
Tesla’s China-made EV sales grow 19.2% y/y in Sept
BEIJING (Reuters) -Sales of U.S. automaker Tesla’s China-made electric vehicles rose 19.2% in September compared to the previous year. This data was reported by the China Passenger Car Association (CPCA) on Wednesday. Finally, this remarkable Tesla sales growth reinforces the brand’s reputation as a leader in the electric vehicle market. #TeslaSalesGrowth Deliveries of China-made Model […]
VW CEO: Chinese automakers should be allowed to avert tariffs by investing in EU
FRANKFURT (Reuters) – The CEO of German carmaker Volkswagen said the European Union should consider adjusting planned tariffs against China-made electric vehicles to make allowances for investments made in Europe. Moreover, the VW CEO Tariffs proposal suggests that increased investment would benefit both Chinese manufacturers and the European market. #VWCEOTariffs “Instead of punitive tariffs this […]