Autonomous Vehicle News
Chinese carmaker Zhejiang Geely Holding Group Co. unveiled a new high-end line of electric cars as part of a push to make up lost ground to Tesla Inc. and local powerhouse BYD Co. The new Galaxy lineup will include seven models over the next two years, the Chinese carmaker said on Thursday at an event in Hangzhou. Shipments of the yet-to-be-priced plug-in hybrid electric L7 SUV will start during the second quarter, Geely said, also showcasing a battery-only prototype that’s near production. Geely, one of China’s largest private automakers, already has a suite of electric vehicle brands, including the pure battery premium line Zeekr, which it launched in 2021. In China’s electric-car market, the company places fourth by market share at 5.4% behind dominant BYD, followed by SAIC Motor Corp. and Tesla.