Tag: Geely

Chinese car company buys part of Danish Saxo Bank

The Chinese car company Geely bought a stake in Saxo Bank to strengthen the company’s ability to provide on-demand cars. China’s Zhejiang Geely Holding Group acquired a 52% stake in Saxo Bank from its founders and institutional investors on 14 September, according to Asia Nikkei Review. The purchase price was undisclosed, but the transaction values…

Successful car-sharing Volvo XC40 set for China launch

Delivery of the new car model XC40 to dealers started in January 2018, Volvo Cars’ first entry into the small premium SUV segment. Proving popular among car buyers, with global XC40 orders already exceeding 20,000 units at the end of the month. Following its successful introduction to European and American customers, the XC40 will launch…

Chinese car manufacturer to open innovation center in Gothenburg

Geely, a Chinese multinational automotive manufacturing company, will establish their new Innovation Center Europe in the major Swedish city, Gothenburg. In the presence of Prime Minister of Sweden, Stefan Löfven, and Chairman of Geely, Li Shufu, Geely Group and the City of Gothenburg have signed a letter of intent concerning the establishment of Geelys Innovation Center…

Large Chinese company visit to Gothenburg

Some 30 Chinese companies, with Geely’s Chairman Li Shufu at the forefront are visiting Gothenburg on 13 September 2016. Collaborations and investment opportunities are on the agenda, with companies representing combined sales of more than 3000 billion SEK. The investor visit from China includes operators within China Green Companies Alliance at are financially strong operators.…