On July 20, Hebei Methanol-Hydrogen Technology Co., Ltd. (Methanol-Hydrogen Tech), a subsidiary of Zhejiang Geely Farizon New Energy Commercial Vehicle Group Co., Ltd. (Farizon), closed the third round of financing worth over USD 200 million. Invested by a Hangzhou financial institution and followed by several strate

On July 17, Volvo Cars announced that its SEK 18 billion cost and cash turnaround plan is fully on track and the company is confident about more positive effects from the programme.
The reduction of 3,000 jobs worldwide is going into execution, and around 1,100 employees have already left the company. This will help

On July 17, multiple media reported that Volvo Cars plans to begin U.S. production of its two most popular crossovers within the next few years to avoid paying a 30% tariff on the imported models.
According to two people familiar with the plan, the company will start building the midsize XC60 in January 2027 at its R

On July 16, 2025, Geely Vietnam officially launched the all-new Monjaro and EX5 SUVs.
The EX5 marks Geely’s first smart electric SUV in Vietnam, aimed at young, tech-savvy drivers. It features a minimalist design, 218 hp electric motor, 60.22 kWh battery, and up to 500 km range (NEDC), with 0–100 km/h acceleration in

On July 15, it was reported that Zeekr has opened pre-orders in Brazil for its third model, the 7X midsize electric SUV, which will officially launch in mid-August in a single Flagship AWD version.
 
Positioned between the existing Zeekr X compact electric SUV and 001 midsize electric sedan, the 7X features a 646 hp

On July 15, Geely Holding Group announced that its subsidiaries, Geely Automobile Holdings Limited (Geely Auto) and Zeekr Intelligent Technology Co., Ltd. (Zeekr), have entered into a merger agreement.
As per the agreement, Geely Auto will acquire all remaining outstanding shares of Zeekr that it does not already ow

On July 9, Zeekr held an event to unveil the SEA-S luxury super dedicated hybrid architecture based on an electric architecture. The architecture is for the 9X SUV, a model poised for pre-orders at the end of August.
The SEA-S, the world’s first full-stack 900V hybrid architecture, makes the global debut of a megawat

Volvo Cars has cut about 15% of its commercial workforce in the U.S. as the company battles recent market headwinds. Volvo eliminated about 60 jobs, mostly at its Mahwah, New Jersey, headquarters, according to a person familiar with the matter. Some of the cuts were made through attrition. Volvo’s U.S. field staff is

On July 4, Zhejiang Geely Farizon New Energy Commercial Vehicle Group Co., Ltd. (Farizon) established Guangzhou Farizon New Energy Commercial Vehicle Group Co., Ltd. (Guangzhou Farizon) and held a vehicle delivery ceremony.
In August 2024, Farizon signed a cooperation agreement with the Baiyun District People’s Gover

On July 4, Geely Auto announced the recent establishment of a joint innovation lab between the Geely Automobile Research Institute (GRI) and NXP. The two parties will focus on deepening cooperation on intelligent automotive technologies.
The GRI, in the process of comprehensively advancing the establishment of an “ec

Contemporary Amperex Technology Co., Ltd. (CATL) signed an agreement on comprehensively deepening strategic electrification cooperation with Geely.
Taking this agreement as an opportunity, the two companies will further deepen cooperation in areas such as power battery technology, product platform integration, and su

On July 4, Lynk & Co, a Geely sub-brand, held the debut of the Lynk & Co 10 EM-P mid-to-large-size plug-in hybrid electric coupe.
The Lynk & Co 10 EM-P presents an elegant, flowing body stance and offers three exterior and three interior color options. It contains a Harman Kardon luxury 23-speaker audio system and a

On July 3, it was reported that Geely will begin opening its first Brazilian dealerships this month as part of its plan to launch 23 locations in 19 cities within four months.
The brand confirmed that 12 of these dealerships will start selling the electric EX5 SUV by August. To raise awareness, Geely also began showc

On July 3, Geely Auto launched the new midsize SUV Monjaro and the all-new compact electric SUV Geely EX5 in the UAE, marking the EX5’s official entry into the Gulf regions’ new energy vehicle market. EX5 is built on Geely’s advanced GEA platform. The Monjaro offers enhanced comfort, smart tech, and a refined driving

On July 3, Jameel Motors announced that it has signed a distribution agreement with Geely Auto, to bring Geely’s new energy passenger vehicles (NEVs) to the Italian market.
Jameel Motors Italia will officially launch two of Geely Auto’s models in the final quarter of this year. The two models are the Geely EX5, a nex

On July 1, Geely Auto announced June sales results on the Hong Kong Exchanges and Clearing Limited (HKEX).
In June, the automaker sold 236,036 units, up 42% year-over-year (y/y). Year-to-date (YTD) vehicle sales totaled 1,409,180 units, up 47% y/y.
June battery electric vehicle sales was 84,879 units, up 129% y/y. YT

On July 2, 2025, it was reported that Horse unveiled its Range Extender technology, designed to boost the autonomy of electric commercial vehicles nearly sixfold.
Presented at the Energy Summit in Rio de Janeiro, the system uses a compact 1.0-liter turbo flex engine to supply energy directly to the electric motor or

On July 3, Volvo Cars and Polestar signed a memorandum of understanding (MoU) to jointly develop and produce Polestar’s upcoming premium compact SUV, Polestar 7, at Volvo’s new manufacturing facility in Kosice, Slovakia.
The Polestar 7 is expected to launch in 2028. If final agreements are reached, it will be the sec

On June 28, Lotus released a statement in response to recent media reports about the potential closure of its UK plant.
The company confirmed that it is continuing normal operations and has no plans to close the factory. Lotus reaffirmed its strong commitment to the UK, which serves as the core of its sports car man

On June 25, it was reported that Chinese electric vehicle brand Farizon, part of Geely and represented in Brazil by Grupo Timber, is preparing to launch three LCV models in the country starting in September.
The SuperVAN offers two cargo volumes, 8m³ and 11m³, with up to 231 hp and 386 km of range. The V6E, based on