Hints and tips:
...Public records show only two approvals for new electric car production since the start of the year....
...They include Zhejiang Huayou Cobalt, China’s biggest producer of the key battery material, and Shanghai-listed Ronbay Technology, which dominates the global market for high-nickel cathode electrodes, as...
...South Korea’s LG Energy Solution, the world’s leading non-Chinese producer of EV batteries, announced a partnership in April last year with Posco, two Indonesian state-owned companies and Chinese miner Zhejiang...
...electric vehicles....
...Instead, the strategy, mirroring that of unlisted parent Zhejiang Geely should benefit the most international of China’s carmaking groups....
...A subsidiary of Zhejiang Geely Holding, parent company of Volvo Cars and Hong Kong listed Geely Auto, it has completed the acquisition of a majority stake in local smartphone maker Meizu....
...The editorial team can be reached at techasia@nex.nikkei.co.jp...
...Volvo will have a free float of 17-21 per cent after the offering but will continue to be controlled by Chinese carmaker Zhejiang Geely, which currently owns 98 per cent of the shares and is set to retain...
...Now, the Raunheim team is tasked with turning the brand into an electric vehicle (EV) one....
...Volvo’s Chinese owner Zhejiang Geely, which will still own about four-fifths of the carmaker, was forced last week to convert its vote-heavy shares into normal stock after protests from potential Swedish...
...The Chinese carmaker has other smaller brands such as Britain’s Lotus, Malaysia’s Proton, and the Lynk & Co marque that is co-owned by Volvo and Geely....
...Some European investors will regard a continuing tie-up with majority owner Zhejiang Geely as problematic....
...Samsung is one of the world’s biggest producers of computer chips, smartphones, electronic displays and appliances....
...Geely has taken a 50 per cent stake in Daimler’s underperforming Smart brand, with the aim of rolling out small electric cars in China....
...Matsushita Electric Industrial Co, Ltd: ball and chain radio First produced in 1970, this colourful radio reflected Japan’s upbeat pop culture at that time....
...It is also the majority owner of Zhejiang Petrochemical, a vast complex that was built in 2019 and combines refining and petrochemicals....
...The move by Mr Li sparked comparisons in Chinese media with Elon Musk, the founder of electric carmaker Tesla and private space exploration company SpaceX....
...It has failed to keep up with the shift to electric. Geely, which helped Volvo build its first fully electric car in China, would be the answer to many of these problems....
...“It’s the beginning, not the end,” said Ryan Maughan, founder of Avid Technologies, which makes parts for the growing electric car market....
...Samsung's flagship store features living room settings for its impressive TVs, a kitchen for its smart appliances, a café workspace, auditorium and giant ever-changing displays....
...Bankers tried to justify the valuation by pointing to the group’s other assets, such as its Polestar electric car brand and its unfettered access to the Chinese market....
...Haier, based in the eastern Chinese city of Qingdao, acquired General Electric’s home appliances business for $5.4bn in 2016, in one of the highest-profile Chinese deals in the US....
...On Wednesday it was reported that Daimler and unlisted Zhejiang Geely Holding are working on a ride-hailing joint venture in China....
...The plans do not include profits from Polestar, its electrified performance brand, or from Lynk & Co, the new subscription service aimed at younger buyers and co-owned by Volvo and Geely....
...The two businesses share an unlisted parent in Zhejiang Geely, which acquired the Swedish group from Ford in 2010....
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