Geely's Farizon partners with Jameel Motors to break into UK EV market

Reuters12-11

Dec 11 (Reuters) - China's Farizon, an electric and hybrid truck manufacturer owned by automaker Geely , announced on Wednesday its partnership with automotive distributor Jameel Motors to launch its electric vehicles in the UK market.

The Farizon SV large van will lead the brand's UK debut, with sales set to begin in the first half of 2025.

Jameel Motors, owned by Saudi Arabia's Abdul Latif Jameel Group, will manage the distribution of the vehicles in the UK. It is also set to introduce Farizon in additional countries.

The partnership's entry into the UK market comes at a time when Britain has been enforcing strict mandates on automakers to sell a higher proportion of EVs each year or face fines per non-compliant vehicle sold.

The UK's Labour government in October increased incentives for zero-emission vehicles in its first budget to support the adoption of new EVs.

The overall market share for battery electric cars in November surpassed the mandate target for the first time, driven by record levels of discounting, according to industry data by the Society of Motor Manufacturers and Traders.

(Reporting by Anandita Mehrotra in Bengaluru; Editing by Shreya Biswas)

((Anandita.Mehrotra@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2490122888?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-11 14:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2490122888","market":"sh","top_or_hot":-1,"title":"Geely's Farizon partners with Jameel Motors to break into UK EV market","media":"Reuters","content":"<html><body><p>Dec 11 (Reuters) - China's Farizon, an electric and hybrid truck manufacturer owned by automaker Geely   , announced on Wednesday its partnership with automotive distributor Jameel Motors to launch its electric vehicles in the UK market.</p><p>    The Farizon SV large van will lead the brand's UK debut, with sales set to begin in the first half of 2025. </p><p>   Jameel Motors, owned by Saudi Arabia's Abdul Latif Jameel Group, will manage the distribution of the vehicles in the UK. It is also set to introduce Farizon in additional countries.</p><p>   The partnership's entry into the UK market comes at a time when Britain has been enforcing strict mandates on automakers to sell a higher proportion of EVs each year or face fines per non-compliant vehicle sold.</p><p>   The UK's Labour government in October increased incentives for zero-emission vehicles in its first budget to support the adoption of new EVs. </p><p>   The overall market share for battery electric cars in November surpassed the mandate target for the first time, driven by record levels of discounting, according to industry data by the Society of Motor Manufacturers and Traders.</p><p> (Reporting by Anandita Mehrotra in Bengaluru; Editing by Shreya Biswas)</p><p>((Anandita.Mehrotra@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Geely's Farizon partners with Jameel Motors to break into UK EV market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGeely's Farizon partners with Jameel Motors to break into UK EV market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-11 14:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dec 11 (Reuters) - China's Farizon, an electric and hybrid truck manufacturer owned by automaker Geely   , announced on Wednesday its partnership with automotive distributor Jameel Motors to launch ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1521","symbol_name":"挪威政府全球养老基金持仓","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2490122888","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490122888","pubTimestamp":1733896800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Dec 11  - China's Farizon, an electric and hybrid truck manufacturer owned by automaker Geely   , announced on Wednesday its partnership with automotive distributor Jameel Motors to launch its electric vehicles in the UK market.    The Farizon SV large van will lead the brand's UK debut, with sales set to begin in the first half of 2025.    Jameel Motors, owned by Saudi Arabia's Abdul Latif Jameel Group, will manage the distribution of the vehicles in the UK. It is also set to introduce Farizon in additional countries.   The partnership's entry into the UK market comes at a time when Britain has been enforcing strict mandates on automakers to sell a higher proportion of EVs each year or face fines per non-compliant vehicle sold.   The UK's Labour government in October increased incentives for zero-emission vehicles in its first budget to support the adoption of new EVs.    The overall market share for battery electric cars in November surpassed the mandate target for the first time, dr","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"80175":"吉利汽车-R","BK1521":"挪威政府全球养老基金持仓","LU0315179316.USD":"EASTSPRING INVESTMENTS ASIAN DYNAMIC \"A\" (USD) ACC","IE00BZ08YT58.USD":"GUINNESS BEST OF CHINA \"C\" (USD) ACC","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","BK1119":"汽车制造商","IE00BZ08YR35.GBP":"GUINNESS BEST OF CHINA \"C\" (GBP) ACC","00175":"吉利汽车","BK1539":"汽车股","GELYY":"吉利汽车ADR","IE00BZ08YS42.EUR":"GUINNESS BEST OF CHINA \"C\" (EUR) ACC","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","SG9999002828.SGD":"Eastspring Investments Unit Trusts - Dragon Peacock A SGD","BK1589":"北水核心资产"},"translate_title":"吉利Farizon与Jameel Motors合作进军英国电动汽车市场","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80175":0.6,"00175":0.9,"EVS.SI":0.6,"GELYY":0.6},"content_text":"Dec 11 (Reuters) - China's Farizon, an electric and hybrid truck manufacturer owned by automaker Geely   , announced on Wednesday its partnership with automotive distributor Jameel Motors to launch its electric vehicles in the UK market.    The Farizon SV large van will lead the brand's UK debut, with sales set to begin in the first half of 2025.    Jameel Motors, owned by Saudi Arabia's Abdul Latif Jameel Group, will manage the distribution of the vehicles in the UK. It is also set to introduce Farizon in additional countries.   The partnership's entry into the UK market comes at a time when Britain has been enforcing strict mandates on automakers to sell a higher proportion of EVs each year or face fines per non-compliant vehicle sold.   The UK's Labour government in October increased incentives for zero-emission vehicles in its first budget to support the adoption of new EVs.    The overall market share for battery electric cars in November surpassed the mandate target for the first time, driven by record levels of discounting, according to industry data by the Society of Motor Manufacturers and Traders. (Reporting by Anandita Mehrotra in Bengaluru; Editing by Shreya Biswas)((Anandita.Mehrotra@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490122888"}