Polestar said on Monday it had secured a $200 million equity investment from major shareholder PSD Investment, a company ...

Li Shufu is chairman of Geely Automobile Holding Co Ltd, a privately owned carmaker in China. The company, whose name means "auspicious benefit" in Chinese, began making cars in 1998. The carmaker ...

When Li Shufu's Zheijang Geely Holding Group Co. bought Volvo cars from Ford Motor Co. in 2010, few could have imagined that he would invest $11 billion -- and with such swift success -- to ...

The Chinese automaker's chairman and founder Li Shufu has cautioned the industry about expansion amid a production glut.

Swedish electric car manufacturer Polestar has announced a capital increase totalling 200 million US dollars. The money comes ...

(Bloomberg) -- When Geely listed Volvo Car AB in 2021, Li Shufu hailed the turnaround of the “tiger” that he’d bought 11 years earlier, and said the job now was to “give that tiger wings.” ...

Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group Co. sold a $350 million stake in Volvo Car AB, responding to investor concerns about the automaker’s limited free float. Geely ...

Geely's chairman and founder Li Shufu said on Saturday that the global automotive industry was facing "serious overcapacity" ...

Amid subsidy criteria and ongoing global tariff conflicts, localised production in Europe and the US has become an ...

Li Shufu’s $9 billion investment in Daimler AG raised hackles in German government halls and executive suites. Not so at the offices of Michael Brecht, the powerful head of the automaker’s ...