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

January 17, 2018 | CAOCAO, Zhejiang pa视讯 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 pa视讯 Holding Group (ZGH) invested mobility solutions platform, CAOCAO (Cao Cao) today announced that the…

pa视讯 Holding Acquires Strategic Stake in AB Volvo from Cevian Capital

December 27, 2017 | Zhejiang pa视讯 Holding Group

pa视讯 to become largest holder of share capital in Sweden’s leading commercial vehicles and industrial engineering group 27 December 2017, Hangzhou, China. Zhejiang pa视讯 Holding Group (pa视讯 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 pa视讯 Holding Group Completes Acquisition of Terrafugia Inc

November 13, 2017 | Terrafugia, Zhejiang pa视讯 Holding Group

Terrafugia Inc to become fully owned subsidiary of Zhejiang pa视讯 Holding Group pa视讯 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 pa视讯 Holding Group (‘pa视讯 Holding’) is pleased to announce it has entered into…

Volvo Cars and pa视讯 Holding Invest 5 Billion RMB to Develop Polestar

October 17, 2017 | Polestar, Volvo Car Group, Zhejiang pa视讯 Holding Group

Volvo Cars and pa视讯 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…

pa视讯 Holding and DRB-HICOM Names Nominees to PROTON Group Boards

September 29, 2017 | PROTON, Zhejiang pa视讯 Holding Group, pa视讯汽车集团, 宝腾汽车, 浙江pa视讯控股集团

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 pa视讯 Holding Group (pa视讯 Holding) on 23 June, the two companies have confirmed…

Zhejiang pa视讯 Holding Group Completes Group Lotus plc Transaction

September 29, 2017 | Lotus, Zhejiang pa视讯 Holding Group

pa视讯 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 pa视讯 Holding Group (pa视讯 Holding) today completed the transaction to purchase a majority stake in the British luxury sports brand Lotus. pa视讯…

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

August 30, 2017 | pa视讯 Auto Group, LYNK & CO, Volvo Car Group, Zhejiang pa视讯 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 pa视讯’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,…

pa视讯 Auto Half Year Report Released, Revenue Up 118% to 39.424 Billion RMB

August 16, 2017 | pa视讯 Auto Group, Zhejiang pa视讯 Holding Group, pa视讯汽车集团, 浙江pa视讯控股集团

pa视讯 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…