Etiqueta: lotus

[HONG KONG] Billionaire Li Shufu is shaking up his sprawling Geely auto empire, lining up a new chief executive weeks after a shock move to take its US-listed premium electric car brand Zeekr private.

Sometimes a U-turn is necessary. China's Geely Auto is offering to take electric-vehicle unit Zeekr private less than a year after the company's debut in New York. Absorbing the $6.4 billion entity will help Geely group founder Li Shufu extract synergies from his auto empire in an opportunistically timed deal.

SUVs you can take across a lake, electric-powered 911 fighters, robots, and flying cars: This isn’t your average auto show.

Auto Shanghai 2025 leaves no doubt – China has become the epicenter of the electric automotive world. While Europe is hustling, the Americans are hustling, and the Japanese are quietly manufacturing in China, Shanghai is buzzing with the electric future. It is now the center of the automotive world. And Europe is only third, right after the USA.

The world's auto industry is getting a shake-up from Chinese automakers that are quickly expanding across the globe, offering relatively affordable electric vehicles designed to wow car buyers with sleek designs and the latest high-tech interiors.

Two-door coupe has steer-by-wire tech and the steering wheel can be slid under the dash when it’s not needed

This will be the 5th time for the Nio brand to participate in the Shanghai auto show, and the first time for Onvo and Firefly to make their debut at the show.

Onvo and Firefly -- Nio's two sub-brands, Xiaomi EV and BYD Fang Cheng Bao, will be attending the Shanghai auto show for the first time.

Also in this newsletter, ecommerce companies head to small towns and RBI cuts the repo rate

Wang Chuanfu, chairman and CEO of electric vehicle maker BYD, has added $9.3 billion to his wealth this year.