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Geely Automobile Holdings
Geely Automobile Holdings Limited, commonly known as Geely Auto ( ; ), is a publicly traded automotive company predominantly owned by the Zhejiang Geely Holding (ZGH) group. It owns the eponymous Geely Auto brand and partly owns Lynk & Co, Proton Cars and Zeekr brands. The company is incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. Established in 1986 by Li Shufu in Ningbo, Zhejiang, China, Geely initially focused on refrigerators before transitioning to motorcycles in 1994. In 1997, Geely entered the automotive industry, becoming China's first privately-owned car manufacturer. Its first product, the Geely Haoqing rolled off the production line in 1998. In 2004, the company went public on the Hong Kong Stock Exchange. The company is the largest subsidiary of Zhejiang Geely Holding, producing over 2.17 million out of the 3.33 million vehicles produced by the group in 2024. Around 888,000 were new energy vehicles (plug-in hybrid and battery elect ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Horse Powertrain
Horse Powertrain Limited is a joint venture holding aimed at producing powertrains, including internal combustion engines (ICE) and hybrid systems. The venture holding was established in May 2024 and is equally owned by Renault and Geely (including Geely Holding and Geely Auto). It is headquartered in London, United Kingdom. The company has two major subsidiaries, including Aurobay, a former Geely-owned powertrain company operating in Sweden and China with 9,000 employees, and Horse, a former Renault powertrain division with 9,000 employees. History The joint venture project was announced in November 2022 and codenamed ''Horse project'' by Renault and ''Rubik project'' by Geely. The Renault Group and Geely namesake brands would be the first to receive the powertrains and they would later be supplied to Dacia, Volvo, Lynk & Co and Proton cars, as well as Nissan and Mitsubishi Motors ones. Sourcing to third parties is also part of the plan. In July 2023, Renault announced it had ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Energy Vehicles
A plug-in electric vehicle (PEV) is any road vehicle that can utilize an external source of electricity (such as a wall socket that connects to the power grid) via an detachable power cable to store electrical energy within its electric vehicle battery, onboard rechargeable battery packs, which will in turn power an electric motor, electric traction motor that propel the vehicle's drive wheels. It is a subset of electric vehicles and includes battery electric vehicle, all-electric/battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) ''See definition on pp. 2.'' both of which are capable of sustained charge-depleting, all-electric driving within all-electric range, a designated range due to the ability to fully charge their batteries before a journey. Plug-in electric cars have several benefits compared to conventional internal combustion engine vehicles. All-electric vehicles have lower operating and maintenance costs, and produce little or no air polluti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
