Energy Insider: Geely Launches First EV in U.K.
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Geely launches first pure electric model in U.K.
Geely Automobile Holdings Ltd. launched its first pure electric model in the U.K., the EX5, in London on Oct. 23, with prices ranging from 31,999 pounds ($42,600) to 36,999 pounds. Parent company Geely Holding Group is undergoing a strategic adjustment, and Geely Automobile is in the process of acquiring Zeekr Intelligent Technology Holding Ltd., after which it will focus on the Zeekr, Lynk & Co, and Geely brands. The company is considering using the existing production capacity of local European automakers to avoid disrupting the local industry and better integrate into the market.
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- Geely launched its first pure electric EX5 in the UK, priced at £31,999–£36,999, and is acquiring Zeekr to focus on key brands.
- Rio Tinto and SPIC began piloting battery-swapping EV mining trucks in Mongolia to cut transport emissions.
- GAC reported a net loss of 4.31 billion yuan for Jan–Sep 2025 due to fierce competition, with revenue down 10.49% year-on-year.
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Who’s Who
- Geely Automobile Holdings Ltd.
- Geely Automobile Holdings Ltd. launched its first pure electric model, the EX5, in the U.K. on October 23, with prices ranging from £31,999 to £36,999. The company is acquiring Zeekr Intelligent Technology Holding Ltd. and plans to focus on the Zeekr, Lynk & Co, and Geely brands. They are also considering using existing European production capacity.
- Geely Holding Group
- Geely Holding Group is undergoing a strategic adjustment, with its subsidiary Geely Automobile in the process of acquiring Zeekr Intelligent Technology. Post-acquisition, Geely Automobile will focus on the Zeekr, Lynk & Co, and Geely brands. The company is considering using existing production capacity of European automakers to integrate into the local market.
- Zeekr Intelligent Technology Holding Ltd.
- Geely Automobile Holdings Ltd. is in the process of acquiring Zeekr Intelligent Technology Holding Ltd. Following this acquisition, Geely Automobile will focus on the Zeekr, Lynk & Co, and Geely brands.
- Rio Tinto Group
- Rio Tinto Group has partnered with State Power Investment Corp. Ltd. to pilot battery-swapping electric mining trucks at the Oyu Tolgoi copper mine in Mongolia. This project is Rio Tinto's first use of such technology in surface mining and aims to significantly reduce carbon emissions from its transport fleet.
- State Power Investment Corp. Ltd.
- State Power Investment Corp. Ltd., referred to as SPIC, is collaborating with Rio Tinto Group on a pilot project in Mongolia. This initiative involves the use of battery-swapping electric mining trucks at the Oyu Tolgoi copper mine. This marks SPIC's involvement in a key step towards reducing carbon emissions in surface mining operations by implementing electric haul trucks.
- China Petroleum and Chemical Corp. (Sinopec)
- China Petroleum and Chemical Corp. (Sinopec) and BASF SE have agreed on a framework for mutual recognition of their product carbon footprint accounting methodologies. This agreement, announced on October 25, aims to build trust in carbon footprint data between Chinese and international companies.
- BASF SE
- BASF SE and China Petroleum and Chemical Corp. (Sinopec) have agreed on a framework for recognizing each other's product carbon footprint accounting methodologies, as announced on October 25. This agreement aims to foster mutual trust in carbon footprint data between Chinese and international companies.
- Guangzhou Automobile Group Co. Ltd. (GAC)
- Guangzhou Automobile Group Co. Ltd. (GAC) faced a challenging period in the first three quarters of 2025. The company's revenue dropped by 10.49% to 66.27 billion yuan, and it reported a net loss of 4.31 billion yuan for shareholders, a significant reversal from the previous year's profit. GAC attributed these financial setbacks to intense competition and rapid shifts in demand within China's automotive sector.
- China Railway Express Co.Ltd.
- China Railway Express Co.Ltd. (中铁快运股份有限公司) has seen a 39% reduction in per-kilometer costs for short-haul railway connecting transportation since its logistics network launched a year ago. This efficiency gain, attributed to centralized resource allocation, reduced intermediate steps, and transparent pricing, has generated approximately 10 billion yuan in revenue. The company plans to further cut costs through AI and new energy.
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What Happened When
- Oct. 23, 2025：
- Geely Automobile Holdings Ltd. launched its first pure electric model in the U.K., the EX5, in London.
- Oct. 23, 2025：
- Yang Jiahuan, deputy general manager of China Railway Express Co.Ltd., announced a 39% per-kilometer cost reduction in short-haul railway connecting transportation since China's railway logistics network went online a year ago.
- Oct. 24, 2025：
- Guangzhou Automobile Group Co. Ltd. (GAC) reported year-to-date financial results, showing revenue decline and a net loss for the first three quarters of 2025.
- Oct. 24, 2025：
- China’s Ministry of Industry and Information Technology released a draft of revised measures for steel capacity replacement to seek public opinion.
- Oct. 25, 2025：
- China Petroleum and Chemical Corp. (Sinopec) and BASF SE announced a framework agreement for mutual recognition of each other's product carbon footprint accounting methodologies.
- Oct. 27, 2025：
- Rio Tinto Group and State Power Investment Corp. Ltd. announced the launch of a pilot project for battery-swapping electric mining trucks at the Oyu Tolgoi copper mine in Mongolia.
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