GELYY Archives - Spark Newswire

2 minute read

What’s Happening With Chrysler-Parent Stellantis Stock On Friday?

June 14, 9:38 AM

Stellantis NV (NYSE: STLA) plans to shift Leapmotor EV production from China to Europe in response to the EU's new tariffs, aiming to reduce the financial burden of increased import costs. CEO Carlos Tavares states the move could counter the effects of global trade tensions.

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1 minute read

Volvo Car Shifts EV Production To Belgium From China As EU Tariff Threat Looms: Report

By Shivani Kumaresan

June 10, 11:22 AM

Volvo Car AB is reportedly shifting its Chinese-made EV production to Belgium due to looming EU tariffs on China-made vehicles. The move includes the assembly of EX30 and EX90 models, as well as some U.K.-bound units. Owned by Zhejiang Geely Holding, Volvo Car faces significant tariff exposure. The EU's decision on provisional tariffs is expected this week.

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China’s Pumping Big Money Not Just Into Chip Sector But Also EV Batteries: Key Tesla, Nio Suppliers Among Those Eligible To Get $830M R&D Funding

By Anan Ashraf

May 29, 8:15 AM

Six firms are eligible to receive state funding to work on the solid-state battery technology, Reuters reported, citing a person familiar with the matter.

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Chinese Tesla Rival Zeekr Soars 35% On NYSE Debut, Valuation Hits $6.8B

By Anan Ashraf

May 11, 12:21 AM

New York-listed shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) closed nearly 35% higher than its initial public offering…

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China’s Zeekr Prices US IPO At Top End Of Estimated Range – What’s On The Cards?

By Shivani Kumaresan

May 10, 6:52 AM

Dive into Zeekr's strategic IPO move, priced at $21 per share, attracting major investors like Geely Automobile and Contemporary Amperex Technology, despite concerns over China-U.S. listing trends, reflecting the company's ambitious expansion plans amid a burgeoning EV price war.

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1 minute read

EV Maker Polestar Expands Beyond China Amid Tariff Concerns: Report

By Shivani Kumaresan

April 24, 1:31 PM

Polestar Automotive reportedly accelerates production diversification beyond China amid escalating geopolitical tensions. CEO Ingenlath reveals plans to expedite exports to Europe, targeting Polestar 3 from South Carolina.

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Geely’s Zeekr Revives $500M IPO Plans Amid Market Challenges: Report

By Shivani Kumaresan

April 3, 6:56 AM

Zeekr, the premium electric vehicle (EV) brand of Chinese automaker Geely Automobile Holdings, has reportedly reinitiated its plan to raise up to $500 million in an initial public offering (IPO) in New York.

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2 minute read

Polestar Welcomes Geely Affiliate As Potential Shareholder, Partnership With Volvo Continues

By Benzinga Neuro

February 1, 3:30 AM

The potential change in Polestar's ownership structure is being evaluated by Volvo Cars which could result in a redistribution of shares to its shareholders, with Geely Sweden Holding as the primary recipient.

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2 minute read

Xi Jinping’s Representative Slams EU For ‘Unfair’ Probe Into EV Subsidies: ‘Mostly Targeted At China’

By Benzinga Neuro

January 24, 12:49 AM

China's ambassador to the EU, Fu Cong, has labeled the EU's investigation into Chinese EV manufacturers as "unfair." He cautioned that the EU's actions could lead to further trade investigations into European products.

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