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Consistent Q3 2024 momentum positions Malaysia’s Carsome for first full profitable yearMalaysia-headquartered Carsome Group, Southeast Asia’s largest integrated car e-commerce platform, continues to deliver record profitability, with adjusted EBITDA increasing over 3x quarter-on-quarter (QoQ). Ancillary income for the group rose by 26 percent, bringing overall gross margins to over 10 percent, the company said in a statement on Wednesday. The group reported over $305...0 Comments 0 Shares 772 Views 0 Reviews
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Galaxy Starship 7 EM-i: Geely takes aim at BYD with its latest SUVGeely’s newest model combines aggressive pricing and efficiency, targeting BYD’s dominance in the hybrid SUV segment. After over a month of promotional events and aggressive marketing, Geely has officially launched the Galaxy Starship 7 EM-i, starting at RMB 99,800 (USD 13,972) with an introductory subsidy of RMB 4,000 (USD 560). The move pits it squarely against the BYD Song Pro,...0 Comments 0 Shares 665 Views 0 Reviews
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Geely integrates Lynk & Co into Zeekr to streamline EV strategyBrand consolidation becomes critical as Geely aims to boost efficiency and tackle intensifying competition in the EV market. Geely has unveiled a roadmap to sharpen brand identities, streamline equity structures, and enhance operational efficiency through mergers and restructuring. The latest development in this transformation is the integration of Lynk & Co into Zeekr, now led by Zeekr...0 Comments 0 Shares 2K Views 0 Reviews
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Xiaomi’s new YU7: Can it stand up to Tesla’s Model Y?Xiaomi’s latest SUV aims to blend sleek design and family-friendly features, but will it measure up to the competition? Xiaomi’s new vehicle, a pure electric SUV, made an unexpected debut earlier this week in the vehicle bulletin of China’s Ministry of Industry and Information Technology. Shortly after, Xiaomi officially unveiled the SUV’s name—YU7—and...0 Comments 0 Shares 3K Views 0 Reviews
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