Geely stuns industry with Zeekr’s takeover of Lynk & Co in radical overhaul

Geely stuns industry with Zeekr’s takeover of Lynk & Co in radical overhaul

In a bold move set to reshape the automotive industry, Zhejiang Geely Holding Group has announced that its premium electric vehicle subsidiary, Zeekr Intelligent Technology Holding Limited, will acquire a controlling stake in sister brand Lynk & Co. This significant restructuring marks the first major step in Geely’s comprehensive plan to streamline its extensive portfolio […]

Volvo Cars, Northvolt to build battery manufacturing plant in Gothenburg

Volvo Cars, Northvolt to build battery manufacturing plant in Gothenburg

Volvo Cars and Northvolt will build a new 50GWh battery manufacturing plant in Gothenburg, Sweden with an investment of around SEK 30 billion ($3.28 billion) while offering up to 3,000 new jobs. To begin operations in 2025, the Swedish battery manufacturing project will also have a research and development center. The latter will begin operations […]