Volvo To Sell Its Stake In Lynk & Co; Zeekr To Acquire Majority Stake
Volvo will sell its entire 30 per cent stake in the Chinese EV firm with fellow Geely subsidiary Zeeker to increase its share from 20 to 51 per cent.
Zeekr ADRs Tumble Following Plan to Take Majority Stake in Lynk & Co
American depositary receipts of Geely Automobile subsidiary Zeekr Intelligent Technology fell after the Chinese electric-vehicle manufacturer said it plans to acquire a 50% stake in Lynk & Co from its parent and Volvo Car.
In major Geely shake-up, EV brand Zeekr to take control of Lynk
China's Geely said on Thursday its premium electric vehicle maker Zeekr plans to take control of Lynk & Co, a sister brand - the first big restructuring move in a planned overhaul for the sprawling automotive group.
Geely to reorganise Zeekr, Lynk units as founder, investors extract US$2 billion
Li Shufu, the billionaire who controls one of China’s biggest electric vehicle (EV) makers, is consolidating his business under his Hong Kong-listed flagship Geely Auto. He and his associates will extract more than US$2 billion by selling their stakes in the process.
Chinese EV reset: ZEEKR to take control of Lynk as it looks to be a major player
China's Geely said electric vehicle maker ZEEKR Intelligent Technology (NYSE:ZK) plans to take control of Lynk & Co as the first big restructuring move in a major reset of the holding company's automotive group.
Exclusive-Zeekr to take control of Lynk in major Geely shake-up, sources say
HONG KONG/SHANGHAI (Reuters) -Chinese premium electric vehicle maker Zeekr will take control of Lynk & Co, a sister brand owned by Geely and Volvo Cars, two sources with direct knowledge of the plans said.
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Volvo Believes Self-Driving Cars are Not Safe Enough
Volvo remains cautious about fully self-driving cars, as the brand does not consider current autonomous driving technology ...
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Volvo Recalls 16,500 Cars Over Risk of Brake Pedal Falling Off
Volvo is recalling 16,500 cars worldwide over a critical manufacturing defect that could cause brake pedals to detach in ...
Volvo Cars October sales rise 3% year-on-year
Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters ...
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Volvo To Start Fulfilling EX30 Preorders in the US Before 2025
After its reveal in 2023, the Volvo EX30 is finally making its way to the U.S. after becoming one of the best-selling EVs in ...
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Dassault Systèmes’ 3DEXPERIENCE Platform to Be Used for Electric Vehicle Development at Volvo Cars
Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) today announced that Volvo Cars has chosen to deploy Dassault ...
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Volvo enables in-app smart charging with new EV plan
Volvo electric vehicle drivers can now enroll in OVO’s Charge Anytime smart charging plan directly within the Volvo app ...
Here’s When the Volvo EX30 Will Finally Get Here
Even in the face of tariffs on Chinese-built EVs, Volvo moves up the US launch of its smallest and most affordable EV.
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Volvo Cars partners with OVO and Kaluza to deliver ultra-low charging rates for EV drivers
Volvo Cars is driving down the cost of electric car ownership in a new partnership with energy supplier OVO and energy ...