Polestar lands $1B loan to keep EV plans on track

Polestar secured a $950 million loan from a dozen banks, critical funds needed to keep its EV plans moving forward following Volvo’s decision to pull back its financial support of the electric a

Geely’s Zeekr gears up for US IPO, but China influence remains a concern

If Zeekr's IPO goes through, it’ll be the first major Chinese listing in the country in nearly two years, following China’s effective ban of foreign IPOs.

With Beijing’s green light, mobility unicorns Zeekr and WeRide inch closer to US IPOs

Six months ago, China’s securities authority announced a set of new rules to facilitate overseas IPOs of Chinese companies, allowing Beijing to tighten its grip on businesses seeking to sell sha

Chinese luxury EV brand Zeekr continues global push into Kazakhstan

Zeekr, the luxury electric vehicle brand under China’s Geely Automobile Holdings, says it will launch its Zeekr 001 shooting brake and Zeekr X SUV in Kazakhstan by the fourth quarter of 2023. Kazakh

Farizon, Geely’s truck unit, raised $600M to expand outside China

Farizon, a maker of hybrid and electric trucks owned by China’s Geely, has closed a $600 million Series A raise, the company said in a statement. The Hangzhou-based company plans to use the fund

Polestar and Xingji Meizu join forces to create tailored OS for Chinese EVs

Swedish electric vehicle maker Polestar has formed a joint venture with Xingji Meizu, a mobile phone and consumer electronics company, to build an operating system for Polestar cars sold in China. In

Chinese luxury EV brand Zeekr will expand to Europe by end of 2023

Zeekr, the premium electric vehicle brand under China’s Geely Automobile Holdings, has confirmed plans to expand into Europe this year. The company will begin selling its Zeekr 001 luxury shooti

Geely’s electric car brand Zeekr files US IPO confidentially

Zeekr, the premium electric car brand under China’s Geely, said Tuesday it has confidentially filed for a U.S. initial public offering. If it goes through, it’ll be the first major Chinese

Geely’s Europe expansion continues, Argo robotaxis on the Lyft app and Tesla AI Day takeaways

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. This

Chinese automaker Geely snaps up 7.6% stake in Aston Martin

Geely Holding Group acquired a 7.6% share of British luxury automaker Aston Martin Lagonda Global Holdings, helping cement the Chinese company’s stake in luxury and European brands. Geely will n

Polestar is launching an EV roadster in 2026 called the Polestar 6

Electric vehicle maker Polestar said Tuesday that it is expanding its lineup to include an 884-horsepower hard-top convertible with recycled polyester upholstery. The Polestar 6 electric performance r

Real driverless cars are now legal in Shenzhen, China’s tech hub

There are plenty of autonomous driving vehicles testing on the roads of Shenzhen today:, Baidu, DeepRoute, AutoX, you name it. But these vehicles are not really the unmanned vehicles that tech

Luminar to invest in Geely-affiliated Ecarx, eyes China market

Luminar, the Florida-based lidar company that went public via SPAC in 2020, has formed a close alliance with an auto behemoth in China. It’s making a strategic investment of an undisclosed amoun

Polestar on track to sell 50,000 EVs in 2022

Polestar, the electric vehicle maker that made its Nasdaq debut in June, said Wednesday it is on track to meet its annual sales target. For the first half of 2022, Polestar delivered approximately 21,

Can Polestar succeed where other EV maker SPACs have failed?

Polestar is the latest EV maker to hurry to the stock exchange by merging with a special purpose acquisition company, or SPAC, before becoming profitable.

Founder of auto giant Geely buys Meizu as smartphone demand weakens

Remember Meizu, the once-promising competitor to Xiaomi? The Alibaba-backed Chinese smartphone maker is making a comeback — in a way — as it gets acquired by the founder of Geely, China&#8

Alibaba-backed Deeproute further slashes L4 driving costs to $3,000

Only four months after announced it planned to sell its self-driving solution at an attractive $10,000, the Shenzhen and Fremont-based startup said it has further slashed the cost by appr

Volocopter raises $170M, now valued at $1.87B, to fuel first commercial launches of flying taxi fleet in 2024

Volocopter, the startup out of southern Germany (Bruchsal) that has been developing electric VTOL (vertical takeoff and landing) aircraft and a business model for operating them in taxi-style fleets i

Volkswagen in talks to buy Huawei’s autonomous driving unit: report

The autonomous driving space might be seeing the marriage of two titans. Volkswagen is in talks with Huawei to acquire the latter’s nascent autonomous driving unit for billions of euros, Germany

What’s driving China’s autonomous vehicle frenzy?

China's autonomous vehicle industry saw a period of unprecedented acceleration in 2021, with over $8.5 billion invested in robotaxi startups, self-driving truck developers and equipment makers.
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