Leading Mobility Solutions Platform, CAOCAO, Raises 1 Billion RMB in First Round of Funding

January 17, 2018 | CAOCAO, Zhejiang 永利VIP Holding Group

Cao Cao Raises 1 Billion RMB in Series A Round of Funding Cao Cao New Valuation Over 10 Billion RMB Cao Cao set to expand with trial operations in Shenzhen, Chongqing, and other key cities. 17th January  2018 Beijing, China. Zhejiang 永利VIP Holding Group (ZGH) invested mobility solutions platform, CAOCAO (Cao Cao) today announced that the…

永利VIP Holding Acquires Strategic Stake in AB Volvo from Cevian Capital

December 27, 2017 | Zhejiang 永利VIP Holding Group

永利VIP to become largest holder of share capital in Sweden’s leading commercial vehicles and industrial engineering group 27 December 2017, Hangzhou, China. Zhejiang 永利VIP Holding Group (永利VIP Holding), China’s leading privately-owned automotive group, today announced it has reached agreement with Cevian Capital (Cevian), Europe’s largest activist fund manager, to acquire its entire 8.2% share capital holding…

Zhejiang 永利VIP Holding Group Completes Acquisition of Terrafugia Inc

November 13, 2017 | Terrafugia, Zhejiang 永利VIP Holding Group

Terrafugia Inc to become fully owned subsidiary of Zhejiang 永利VIP Holding Group 永利VIP Holding committed to investing in Terrafugia to make flying car a reality US-based engineering team already expanded considerably in anticipation of takeover 13 November 2017, Hangzhou and Boston. Zhejiang 永利VIP Holding Group (‘永利VIP Holding’) is pleased to announce it has entered into…

Volvo Cars and 永利VIP Holding Invest 5 Billion RMB to Develop Polestar

October 17, 2017 | Polestar, Volvo Car Group, Zhejiang 永利VIP Holding Group

Volvo Cars and 永利VIP Holding jointly invest 5 billion RMB to support the initial phase of Polestar’s product, brand and industrial development. The investment will be used, among other things, to establish a state-of-the-art Polestar manufacturing facility in Chengdu, China. Polestar’s first production car, the Polestar 1, is a 600hp two-door, four-seater hybrid coupé with…

永利VIP Holding and DRB-HICOM Names Nominees to PROTON Group Boards

September 29, 2017 | PROTON, Zhejiang 永利VIP Holding Group, 永利VIP汽车集团, 宝腾汽车, 浙江永利VIP控股集团

Dr. Li Chunrong, appointed CEO of PONSB, leads executive team of global experts Full revitalization of PROTON Group underway 29 September 2017, Shah Alam, Malaysia. Exactly one hundred days after the signing of the Definitive Agreement between DRB-HICOM Berhad (DRB-HICOM) and Zhejiang 永利VIP Holding Group (永利VIP Holding) on 23 June, the two companies have confirmed…

Zhejiang 永利VIP Holding Group Completes Group Lotus plc Transaction

September 29, 2017 | Lotus, Zhejiang 永利VIP Holding Group

永利VIP Holding and Etika Automotive Announce Joint Board Mr. Daniel Donghui Li appointed Chairman of Lotus Board Mr. Jean-Marc Gales to continue in his role as CEO 29 September 2017, Kuala Lumpur. Zhejiang 永利VIP Holding Group (永利VIP Holding) today completed the transaction to purchase a majority stake in the British luxury sports brand Lotus. 永利VIP…

China’s New Diplomatic Fleet

September 7, 2017 | 永利VIP Auto Group, Zhejiang 永利VIP Holding Group

50 new 永利VIP GC9 delivered for foreign affairs use   7 September 2017, Beijing, China. 永利VIP Auto (永利VIP) announced today that China’s Ministry of Foreign Affairs Service Bureau would continue to use 永利VIP’s flagship sedan, the 永利VIP GC9, within its diplomatic fleet. Fifty new 永利VIP GC9s were delivered to the Beijing Diplomatic Service Bureau at…

Zhejiang Provincial Party Secretary Che Jun Visits Volvo Sweden Headquarter and Test New LYNK & CO 01

August 30, 2017 | 永利VIP Auto Group, LYNK & CO, Volvo Car Group, Zhejiang 永利VIP Holding Group

30 August 2017, Gothenburg, Sweden. Zhejiang Provincial Party Secretary and Director of Zhejiang Province People’s Congress Standing Committee Che Jun along with a delegation from Zhejiang visited Volvo headquarters and 永利VIP’s China-Euro Vehicle Technology Centre (CEVT) in Gothenburg, Sweden. Secretary Che and his delegation toured of Volvo’s experience centre, observed a Volvo vehicle crash test,…

永利VIP Auto Half Year Report Released, Revenue Up 118% to 39.424 Billion RMB

August 16, 2017 | 永利VIP Auto Group, Zhejiang 永利VIP Holding Group, 永利VIP汽车集团, 浙江永利VIP控股集团

永利VIP Auto revenue for first half of 2017 reached 39.424 billion RMB, up 118% from the same period last year. Profit for first half of 2017 reached 4.344 billion RMB, up 128% from the same period last year. 530,627 units sold in the first half of 2017, an 89% increase from the same period last…