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REVEALED: 14 | Vintage Vibes

US Government May Liquidate Around $4.4B Bitcoin, Cyber Specialists Flag Twitter's Misinformation Concerns, Tesla's Model S, Model X Recall: Top Stories Tuesday, Nov. 08

Reuters

Benzinga

Renault And Geely Establish New Company To Produce ICE, Hybrid Powertrains

It will employ more than 19,000 people

Motor1

Carmaker Renault starts major overhaul, looking to an electric future

French car company Renault has unveiled a sweeping green revamp, splitting its operations in two: a new electric vehicle unit and a subsidiary for petrol, diesel and hybrid cars that will pair up with China's Geely.

Radio France Internationale

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Renault, China's Geely announced powertrain joint venture

Renault SA and China’s Geely say they plan to launch a joint venture to produce gasoline-powered and hybrid powertrains, adding to a series of partnerships between global automakers to share soaring technology costs

The Independent UK

China's Geely buys 7.6% stake in Aston Martin Lagonda

Geely Holding Group, one of China’s biggest independent automakers, has bought a 7.6% stake in British luxury brand Aston Martin Lagonda and says it looks forward to potential opportunities to collaborate

The Independent UK

Geely Buys 7.6 Percent Stake In Aston Martin Lagonda

It's not known how much the Chinese automotive conglomerate paid.

Motor1

China: Plug-In Car Sales Almost Doubled In August 2022

Some 552,000 new passenger plug-in electric cars were registered in China in August, which is 92% more than a year ago.

InsideEVs

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TuSimple Moves Closer to China Exit Ramp as Questions Loom on U.S. Commercialization

Key Takeaways: China’s largest private auto group may acquire TuSimple’s Asia-Pacific business, allowing it to cut its China ties and alleviate U.S. national security concerns The company’s commercialization timeline has been thrown into doubt following an April accident that raised safety concerns

Benzinga

Geely Beauty Leopard Didn't Age Like Fine Wine

Apparently, this was the first sports coupe from China.

Motor1

Geely Plug-In Sales Shoot Up 398% In The First Half Of 2022, EVs Up 520%

The Chinese automotive giant also reported an H1 revenue increase of 29 percent over last year, in spite of an overall sales volume drop, especially for ICE.

InsideEVs

Move Over Tesla? This Electric Vehicle Company Thinks It Can Do Robotaxis Better

As the market leader for electric vehicles, Tesla Inc (NASDAQ: TSLA) is being pursued by other electric vehicle upstarts and legacy automakers. An electric vehicle company backed by a leading search engine in China is the latest to call out its potential to one day pass Tesla.

Benzinga

PFMoto Is A Brand New Motorcycle Manufacturer From China

PFMoto, a new Chinese motorcycle company under the Geely group, is set to make its debut in the Chinese market on August 16, 2022.

RideApart

Radar Auto RD6 Is China's First Electric Lifestyle Pickup Truck

It will be sold in the country through Geely's new adventure brand.

Motor1

Geely Unveils Radar Auto RD6 Electric Pickup, May Bring It To US

Based on Geely's pure electric Sustainable Experience Architecture (SEA), the Radar Auto RD6 will offer single and dual motor powertrain choices.

InsideEVs

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The Independent UK

China's Baidu races Waymo, GM to develop self-driving cars

Baidu Inc. is China's highest-profile competitor in a multibillion-dollar race with Alphabet Inc.'s Waymo and General Motors Co.'s Cruise to create self-driving cars

InsideEVs

Polestar Goes Public On Nasdaq Via SPAC Merger, Raises $890 Million

Polestar says it will use the $890 million raised from the deal to fund its three-year plan to expand the product lineup and eventually become profitable.

Benzinga

Geely Acquires Major Stake in Smartphone Maker Which Has Alibaba Connection

Billionaire Li Shufu controlled satellite-to-automobile group Geely Automobile Holdings Ltd (OTC:GELYY), purchased a majority stake in Chinese smartphone maker Meizu Technology Co, the Caixin Global reports. Geely's Hubei Xingji Shidai Technology Co division bought a 79% stake in Meizu from Meizu's founder and a unit of Alibaba Group Holding Limited (NYSE:BABA). The financial terms of…

Caixin Global

Geely Founder Li Shufu Takes Control of Smartphone Maker Meizu

Meizu founder Huang Zhang will retain a 9.79% stake while Alibaba’s Taobao is dumping its entire 27.23% holding

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Benzinga

Key Takeaways From Baidu's First EV Launch

Baidu, Inc (NASDAQ:BIDU) electric vehicle arm Jidu Auto launched a "robot" concept car via an online press conference held on Baidu's metaverse-themed app Xirang. It is the first vehicle to be revealed by a Chinese internet company. The concept car is free of door handles and is fully controlled via voice recognition, Reuters reports.…

InsideEVs

China: Zeekr Celebrates Delivery of 20,000th Zeekr 001

Zeekr, a new Chinese all-electric car brand (part of Geely), delivered its 20,000th electric car, since sales started in October.

Motor1

These Nine Chinese Auto Companies Are Ready To Conquer The World

Ranking the primary Chinese automakers by sales volume offers some realizations and surprises.

Benzinga

Another Chinese Car Tech Company Aspires To Go Public Via SPAC Merger After DiDi's Debacle

Billionaire Li Shufu-backed car technology company Ecarx Holdings Inc looks to go public via a special purpose acquisition company (SPAC) merger with Cova Acquisition Corp (NASDAQ:COVA). Ecarx, founded in 2017 by Geely Automobile Holdings Ltd's (OTC:GELYY) Shufu and Ziyu Shen, develops software and hardware like digital cockpit and infotainment systems for cars, Bloomberg reports. Ecarx serves both combustion-powered vehicles…

InsideEVs

Renault Received Partnership Proposals For Planned ICE Unit: Report

The carmaker is said to have already received partnership demands for its proposed internal combustion engine division, but no names have transpired so far.

Caixin Global

Geely Takes One-Third Stake in Renault’s Korean JV

Chinese auto giant invests $207 million, gets two board seats and will provide technology and products for vehicles to hit market in 2024

Benzinga

Geely Automobile Takes Stake In Renault Korea For $200M: Reuters

China's Geely Automobile is set to acquire over a third of Renault SA (OTC:RNLSY) Korea unit for about $200 million, Reuters reported. The move is expected to boost Renault's U.S. exports and make way for investment in its electric business. Geely's stake deal follows an announcement by the two companies in January to develop hybrid…

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