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Geely Group
Zhejiang Geely Holding Group Co., Ltd (ZGH), commonly known as Geely (吉利 "auspicious"), is a Chinese multinational automotive company headquartered in Hangzhou, Zhejiang. The company is privately held by Chinese billionaire entrepreneur Li Shufu. It was established in 1986 and entered the automotive industry in 1997 with its Geely Auto subsidiary. Geely Auto is currently the seventh largest automobile manufacturer in China, with 1.328 million sales in China in 2021. Globally, the group sold over 2.2 million cars in 2021, and over 17,926 plug-in electric vehicles in January 2022. The company produces and sells vehicles under its own branding - such as Geely Auto, Geometry, Maple, and Zeekr - and under foreign-located subsidiaries - such as Volvo Cars, Polestar, Lynk & Co, Proton, and Lotus - as well as commercial only vehicles under the London EV Company, Ouling Auto and Farizon Auto brands. It also produces electric vehicles under some of the previously listed brandin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hangzhou
Hangzhou ( or , ; , , Standard Mandarin pronunciation: ), also romanized as Hangchow, is the capital and most populous city of Zhejiang, China. It is located in the northwestern part of the province, sitting at the head of Hangzhou Bay, which separates Shanghai and Ningbo. Hangzhou grew to prominence as the southern terminus of the Grand Canal and has been one of China's most renowned and prosperous cities for much of the last millennium. It is a major economic and e-commerce hub within China, and the second biggest city in Yangtze Delta after Shanghai. Hangzhou is classified as a sub-provincial city and forms the core of the Hangzhou metropolitan area, the fourth-largest in China after Guangzhou-Shenzhen Pearl River agglomeration, Shanghai-Suzhou-Wuxi-Changzhou conurbation and Beijing. As of 2019, the Hangzhou metropolitan area was estimated to produce a gross metropolitan product (nominal) of 3.2 trillion yuan ($486.53 billion), making it larger than the economy of Nigeri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tangjun Ou Ling
Shandong Tangjun Ouling Automobile Manufacture Co.,Ltd. (traded as Ouling Auto) is a Chinese automobile manufacturing company part of Geely New Energy Commercial Vehicle Group. In 2012 it was ranked as the 48th manufacturer of motor vehicles by the number of vehicles produced, with 52,708 heavy commercial vehicles and 16,459 light commercial vehicle A light commercial vehicle (LCV) in the European Union, Australia and New Zealand is a commercial carrier vehicle with a gross vehicle weight of no more than 3.5 metric tons (tonnes). The LCV designation is also occasionally used in both Canad ...s produced, for a total of 69,167. References {{China-company-stub Truck manufacturers of China ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Polestar
Polestar is a Swedish automotive brand established in 1996 by Volvo Cars' partner Flash/Polestar Racing and acquired in 2015 by Volvo, which itself was acquired by Geely in 2010. It is headquartered in Torslanda outside Gothenburg, Sweden with vehicle production taking place in China. The Polestar name originates from the STCC Polestar racing team which spawned Polestar Performance AB, in turn acquired by Volvo Cars in July 2015. The racing team changed its name to Cyan Racing, while maintaining close ties to Volvo. In September 2021, Polestar announced an intention to go public through a business combination agreement with Gores Guggenheim, Inc., a special-purpose acquisition company. Polestar shares began trading on the Nasdaq exchange under the symbol PSNY on 24 June 2022. History The company origins can be traced back to the foundation of Flash Engineering in 1996, a Swedish racing team competing in Swedish Touring Car Championship (STCC). The team was later sold and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zeekr
Zeekr is a Chinese automobile brand owned by Geely Automobile Holdings. Founded in 2021, it specializes in electric cars. History Zeekr was founded in March 2021 as a premium brand for battery-powered vehicles by the Geely Group to compete against Nio and Tesla, among others. The Zeekr models are to be based on the SEA platform presented in Autumn 2020. In December 2021, Geely announced that Zeekr would be collaborating with Waymo to develop an all-electric, autonomous ride-hailing vehicle for the United States. In January 2022, a cooperation between Zeekr and Mobileye was announced. The aim of this is to have Level 4 autonomous driving in production by 2024. The name of the brand is made up of Generation Z and the term geek. Models * Zeekr 001 The Zeekr 001 was presented as the first model in April 2021 at the Auto Shanghai. The launch took place in October 2021 in the Mainland Chinese market. From 2022, the 001 will also be marketed outside China. The Geely Group already ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geometry (car Marque)
Geometry, also known as Jihe (Chinese name), is a car marque created by the Chinese car company Geely in April 2019. The Geometry brand is mainly focused on the development of electric vehicles or ''new energy vehicles''. Geometry is designed primarily for the Chinese market and announced an ambition to produce more than 10 different electric cars by 2025. In November 2022, it was announced that Geometry would begin sales in Hungary, Czechia and Slovakia. Models Current *Geometry A - An electric compact sedan based on the Geely Emgrand GL *Geometry C - An electric crossover based on the Geely Emgrand GS * Geometry EX3 - An electric crossover based on the Geely Vision X3 The Geely Yuanjing X3 is a subcompact CUV produced by Chinese manufacturer Geely. An electric variant featuring a special color and trim redesign was rebadged as the Geometry EX3 or Kungfu Cow under the Geometry brand from 2021. Overview The Ge ... * Geometry E - A subcompact electric crossover *Geometry G6 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automotive Industry In China
The automotive industry in China has been the largest in the world measured by automobile unit production since 2008. Since 2009, annual production of automobiles in China accounted for more than 32% of worldwide vehicle production, exceeding both that of the European Union and that of the United States and Japan combined. The traditional "Big Four" domestic car manufacturers are SAIC Motor, Dongfeng, FAW and Chang’an. Other Chinese car manufacturers are Geely, Beijing Automotive Group, Brilliance Automotive, BYD, Chery, Guangzhou Automobile Group, Great Wall and Jianghuai (JAC). In addition, several multinational manufacturers have partnerships with domestic manufacturers. While most of the cars manufactured in China are sold within China, exports reached 814,300 units in 2011. China's home market provides its automakers a solid base and Chinese economic planners hope to build globally competitive auto companies that will become more and more attractive and reliable ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automotive Industry
The automotive industry comprises a wide range of company, companies and organizations involved in the design, Business development, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industry (economics), industries by revenue (from 16 % such as in France up to 40 % to countries like Slovakia). It is also the industry with the highest spending on research & development per firm. The word ''automotive'' comes from the Greek language, Greek ''autos'' (self), and Latin ''motivus'' (of motion), referring to any form of self-powered vehicle. This term, as proposed by Elmer Ambrose Sperry, Elmer Sperry (1860-1930), first came into use with reference to automobiles in 1898. History The automotive industry began in the 1860s with hundreds of manufacturers that pioneered the Brass Era car, horseless carriage. For many decades, the United States led the world in total automobile production. In 1929, before the Great Depression, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multinational Corporation
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Perpetual Bond
A perpetual bond, also known colloquially as a perpetual or perp, is a bond with no maturity date, therefore allowing it to be treated as equity, not as debt. Issuers pay coupons on perpetual bonds forever, and they do not have to redeem the principal. Perpetual bond cash flows are, therefore, those of a perpetuity. Perpetual bonds vs. equity * Although similar to equity, perpetual bonds do not have attached votes and, therefore, provide no means of control over the issuer. * Perpetual bonds are still fixed-income securities; therefore, paying coupons is mandatory whereas paying dividends on equity is discretionary. Examples * Consols that were issued by the United States and the UK governments. * The oldest examples of a perpetual bond was issued on 15 May 1624 by the Dutch water board of Lekdijk Bovendams. It is currently in the possession of Yale University and interest was most recently paid by the eventual successor of Lekdijk Bovendams ( Hoogheemraadschap De Stichtse Rijn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consolidated Financial Statement
Consolidated financial statements are the "financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent company and its subsidiaries are presented as those of a single economic entity", according to International Accounting Standard 27 "Consolidated and separate financial statements", and International Financial Reporting Standard 10 "Consolidated financial statements". Consolidated statement of financial position While preparing a consolidated financial statement, there are two basic procedures that need to be followed: first, cancel out all the items that are accounted as an asset in one company and a liability in another, and then add together all uncancelled items. There are two main type of items that cancel each other out from the consolidated statement of financial position. * "Investment in subsidiary companies" which is treated as an asset in the parent company will be cancelled out by "share capital" account ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Volvo Cars
Volvo Cars ( sv, Volvo personvagnar, styled VOLVO in the company's logo) is a Swedish multinational manufacturer of luxury vehicles headquartered in Torslanda, Gothenburg. The company manufactures SUVs, station wagons, and sedans. The company's main marketing arguments are safety and its Swedish heritage and design. Volvo Cars has been separate from its former parent conglomerate and producer of heavy trucks, buses, and construction equipment (among others) AB Volvo since 1999 when AB Volvo sold its automobile division Volvo Cars to Ford Motor Company. In 2010, Ford sold loss-making Volvo Cars to the company Geely. Volvo Cars was publicly listed on the Nasdaq Stockholm stock exchange in 2021, though Geely still retains majority ownership. Volvo Cars and AB Volvo both share the Volvo logo, and cooperate in running the Volvo Museum. In March 2021, Volvo Cars announced that it would be a fully electric brand by 2030. In June 2021, Volvo Cars and Swedish battery developer and manuf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Terrafugia
Terrafugia () is a Chinese-owned corporation, based in Woburn, Massachusetts, United States that is developing a roadable aircraft called the Transition and a flying car called the TF-X. The Transition and TF-X are designed to be able to fold their wings, enabling the vehicles to also operate as street-legal road vehicles. In January 2021, Terrafugia announced that the Transition received a Special Light-Sport Aircraft (LSA) airworthiness certificate from the FAA for the Transition to be flown only, with road use approval to follow in 2022. In February 2021 the company had laid off the majority of its employees, planned to close its US operations and re-establish in China. Founding and financial history Terrafugia was founded by graduates of the Department of Aeronautics and Astronautics at the Massachusetts Institute of Technology and graduates of the MIT Sloan School of Management. Their team and business plan was the runner-up for the 2006 MIT $100K Entrepreneurship Compe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
