Recent events
Recent events tied to this brand in public sources.
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2026
Geely Auto completes acquisition of three Radar-related companies
Geely Auto announced that it completed the full acquisition of Radar Automobile (Shandong) Co., Radar Automobile Sales Co., and Thailand-based Radar Thailand. The three companies became wholly owned subsidiaries of Geely Auto, and their financial results were consolidated into the listed company’s statements.
2026
Zeekr announces planned 2027 model refreshes
Geely Automobile said the 2027 Zeekr 7X and 2027 Zeekr 009 Glory would receive refreshed upgrades within the year; the article reports this as a plan, not a completed update.
2026
DeepSeek's second funding round nears completion with proposed raise increased to about 100 billion yuan
DeepSeek's second funding round is nearing completion; the proposed raise has been increased from 50 billion yuan to about 100 billion yuan while the pre-money valuation remains about 500 billion yuan. New and existing shareholders are each proposed to invest about half; new investors include Shixi Capital (石溪资本), Zhongxin Juyuan (中芯聚源), CPE Yuanfeng (CPE 源峰), Legend Capital (君联资本) and Geely (吉利), while existing shareholders including CATL (宁德时代) and Tencent (腾讯) continue to participate.
2026
Geely turns to 4-minute EV charging and AI in battle with BYD
Reuters reports that Geely is turning to 4-minute EV charging technology and AI as it competes with BYD.
2026
Geely releases Xingyue L PLUS teaser video
On August 28, Geely Auto released a teaser video for the Xingyue L PLUS, a new mid-to-large flagship intelligent hybrid SUV featuring lidar hardware, and announced the model is 'coming soon'.
2026
Lotus Technology completes acquisition of 100% stake in Lotus UK
Lotus Technology announced on Aug. 25 that it completed the full integration of its UK operations, Lotus UK, and as of Aug. 21, 2026 formally holds 100% of Lotus UK, bringing sports car manufacturing in Hethel, Norfolk, and the Lotus Engineering consulting business under a single corporate entity. The transaction followed shareholders Geely and Etika exercising put options.
2026
China recalls 4.3 million vehicles over hidden door handles
China's State Administration for Market Regulation announced the country's largest automotive recall, covering 4.3 million vehicles from nine brands, over hidden door handles that may be difficult to open in an emergency. The remedy is installation of high-visibility warning labels and software updates to automatically lower windows after a crash. Chinese-made Tesla vehicles accounted for 2.98 million of the recalled cars; other affected brands include Xpeng, Xiaomi, Geely (Zeekr and Lynk & Co), Leapmotor, Chery, BAIC, Dongfeng and FAW Group (Hongqi).
2026
Tesla recalls 2.976 million vehicles in China over emergency door handle issue
China's State Administration for Market Regulation announced a recall plan by nine automakers, including Tesla, Xiaomi, Leapmotor, XPeng, Geely, Chery, Dongfeng, BAIC and FAW, covering more than 4 million vehicles due to issues with interior emergency mechanical door handles. Tesla's recall is the largest at 2.976 million vehicles, covering domestically produced Model 3 and Model Y as well as imported Model 3, Model X and Model S. The handles are similar in color to the interior, making them hard to identify and operate, which in extreme cases such as a severe collision causing low-voltage system failure could hinder occupants' escape and outside rescue. Tesla's remedies are to affix free warning labels at the emergency handle positions and to release an OTA software update adding an automatic window-lowering strategy after accidents. Tesla China customer service said not all owners need to visit a service center; stickers are expected to reach service centers by end of September and can be collected over a three-year implementation period, with the recall formally starting September 25, 2026.
2026
Tesla and Chinese carmakers recall over 4 million vehicles over door handle safety risks
China's State Administration for Market Regulation said Tesla is recalling about 2.98 million China-made and imported Model 3, Model Y, Model X and Model S EVs over door handle safety risks, while Xiaomi is recalling more than 390,000 vehicles, Leapmotor over 370,000 cars, and Geely and XPENG are also recalling vehicles, totaling more than four million vehicles. The regulator cited risks that in extreme situations such as a severe collision causing electrical system failure, the handles could hinder occupants from escaping or rescuers from gaining access. Tesla will perform software updates to mitigate risks.
2026
Multiple automakers recall vehicles over emergency mechanical door handle identification issues
Multiple automakers in China announced recalls of electric vehicles because the emergency mechanical door handles or their covers are hard to identify or operate in extreme situations such as a severe collision causing low-voltage system failure. Affected models include Tesla Model 3, Model Y, Model S and Model X, Xiaomi SU7, Zeekr 007 and Zeekr X, with Tesla involving about 2.976 million vehicles, Xiaomi about 390,000, Leapmotor about 371,000 and XPeng about 265,000. Remedies include adding warning labels, replacing improved handle covers, and over-the-air software adjustments to window or unlock control strategies after accidents.
2026
Geely Automobile reports record first-half revenue and higher net profit
Geely Automobile Holdings reported first-half revenue of RMB 173.6 billion, up 15% year on year and a record high, with net profit of RMB 9.68 billion, up 46% year on year.
2026
Geely founder Li Shufu resigns as chairman and executive director
Geely announced that founder Li Shufu, 63, resigned as chairman of the board and executive director effective August 18, 2026, with An Conghui, 56, succeeding him; the company described the move as part of de-familization, and Li Shufu was appointed lifetime honorary chairman while remaining chairman of Zhejiang Geely Holding Group.
2026
Li Shufu resigns as Geely Automobile chairman
Geely Automobile Holdings announced management adjustments on August 17, 2026. Effective August 18, 2026, Li Shufu resigned as chairman of the board and executive director, and was appointed lifetime honorary chairman. An Conghui was appointed chairman of the board.
2026
Geely Auto Chairman Li Shufu Resigns; An Conghui Succeeds
On August 17, Geely Automobile disclosed a chairman change announcement: Li Shufu resigned as chairman of the board of Geely Automobile Holdings, and An Conghui succeeded him. The company said Li stepped down to devote more time to other businesses and to support long-term succession planning; Li remains chairman of Zhejiang Geely Holding Group and a major controlling shareholder of the listed company.
2026
Geely Auto Reports 2026 Interim Results
On August 17, Geely Automobile disclosed its 2026 interim results: first-half revenue of RMB 173.6 billion, up 15% year on year; total sales of 1.423 million vehicles, up 1%; net profit attributable to shareholders of RMB 9.09 billion, down 1.8%; and core profit attributable to parent owners of RMB 9.68 billion, up 46%. The company also reported export sales of 474,000 vehicles, up 158%, and no interim dividend.
2026
Geely subsidiary agrees to acquire 34% stake in Ford Valencia factory company
Geely Auto and Ford signed an agreement under which Geely's wholly owned subsidiary GeelySPV will acquire a 34% stake in the company that operates Ford's Valencia factory; Ford will retain the remaining 66%. The transaction was reported as an agreement, not a completed acquisition.
2022
Geely acquires 34.02% stake in Renault Korea Motors
Geely Automobile Holdings, through subsidiary Centurion Industries Limited, entered a share subscription agreement and joint venture agreement to hold 34.02% of Renault Korea Motors, with Renault Group remaining majority shareholder.
2022
Consumers report Geely vehicle and service complaints
A report relayed complaints made on the Black Cat Complaint platform by Geely vehicle buyers. Consumers alleged that promised maintenance was not provided and reported vehicle quality problems, including infotainment failures and an unresolved engine noise issue. The report does not establish a determination of those allegations.
2022
Jidu completes nearly $400 million Series A financing
Jidu announced that it had completed a Series A financing of nearly US$400 million, with existing shareholders Baidu and Geely jointly increasing their investments.
2022
JIDU closes nearly $400 million Series A financing
JIDU announced that it had closed Series A financing, raising nearly $400 million. The round was backed by Baidu and strategic partner Geely.