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Geely Holding Vice President Zheng Xin: The integration of the Battery Business aims for the "elimination race," with the future self-supply ratio of Geely Autos' Cells reaching 30% | Financial Exclusive Interview.
① Geely Holding Group has announced the completion of the strategic integration of its Battery Business, officially establishing a new Battery Industry Group called Ji Yao Tong Xing; ② Geely Holding Group's Vice President and CSO Zheng Xin stated that in the future, the Battery Industry will inevitably concentrate towards the leading players as competition in the Autos industry intensifies. This integration of the Battery Business is essentially aimed at helping Geely win this elimination match.
Volvo AB Unsponsored ADR Class B's profits have declined, retracting performance guidance and starting a significant cost-cutting plan.
Volvo AB Unsponsored ADR Class B, headquartered in Sweden, announced a cost-cutting plan of 18 billion Swedish Krona (approximately 1.87 billion USD) on Tuesday and withdrew its financial performance guidance. Previously, the company's operating profit saw a significant decline in the first three months of this year. The Auto Manufacturers, held by China's Geely Holding Group, reported an operating profit of 1.9 billion Krona for the first quarter, down from 4.7 billion Krona in the same period last year. Its EBIT margin shrank from 5% in the same period last year to 2.3%, while first-quarter revenue dropped from 93.9 billion Krona in 2024 to 82.9 billion Krona. Volvo stated that this.
Cui Dongshu: From January to March, global auto sales reached 22.64 million units, with China's share accounting for 33%.
From January to March 2025, Global Autos sales reached 22.64 million units, a year-on-year increase of 5%. In China, the share of the world's Autos reached 33% from January to March 2025.
Express News | Renault : Those Renault Spain Factories Are Resuming Production Progressively Now That Electric Supply Has Been Restored
Express News | Renault : Renault Group Spain Has Made Every Effort to Normalize the Situation, Taking Into Account the Force Majeure Situation.
Express News | Renault : Two Renault Factories in Spain Have Been Stopped Since 1230 PM Local Time Monday
