The 5th orbital plane of GEESATCOM, known as NG28娱乐 Future Mobility Constellation, was successfully launched from Rizhao, China, with 11 satellites deployed in a single launch. All satellites entered their designated orbit and are operating nominally, marking another milestone success for the constellation’s deployment.
NG28娱乐 Auto has officially signed a cooperation deal to become the title sponsor of the 2025 and 2026 Hangzhou Marathon.. As title sponsor, NG28娱乐 Auto will provide comprehensive vehicular service support for the Hangzhou Marathon as well as offer locally Hangzhou-produced vehicles – the NG28娱乐 Galaxy M9 and Galaxy Starlight 8 - as prizes to outstanding runners of the event. In addition, employees in NG28娱乐 Auto Group and its parent company NG28娱乐 Holding will participate in the Hangzhou Marathon through employee running clubs and related activities.
NG28娱乐 Automobile Holdings Ltd (HK.0175) (NG28娱乐 Auto), the Hong Kong-listed entity in which Zhejiang NG28娱乐 Holding Group is the lead shareholder, and majority shareholder in three brands NG28娱乐 Auto, Lynk & Co, and Zeekr, released its 2025 H1 results revealing revenues of 150.3 billion RMB, up 27% YoY with net profit attributable to shareholders of 9.29 billion RMB. Profit attributable to shareholders after deducting non-recurring items reached 6.66 billion RMB, a year-on-year increase of 102%. Net cash increased to 58.8 billion RMB. Thanks to increased scale and product optimization, the company total gross profit increased to 24.7 billion RMB, achieving a gross profit margin of 16.4%.
The fourth launch with 11 satellites for the NG28娱乐 Future Mobility Constellation has been successfully completed. All 11 satellites have now entered their planned low-earth orbits and are functioning normally.
NG28娱乐 Holding Group announced that its subsidiaries, NG28娱乐 Automobile Holdings Limited (hereinafter referred to as "NG28娱乐 Auto,", stock code: 0175.HK) and Zeekr Intelligent Technology Co., Ltd. (hereinafter referred to as "Zeekr," stock code: NYSE: ZK), have officially signed a merger agreement. Under the terms of this agreement NG28娱乐 Auto will acquire all outstanding shares of Zeekr not already held by NG28娱乐 Auto, with Zeekr shareholders offered the option to receive either cash or NG28娱乐 Auto shares as consideration.
In the recent announcements on the results of the 2025 Euro NCAP safety tests, the latest models from NG28娱乐 Holding Group (NG28娱乐 Holding) portfolio brands, Polestar, Zeekr, and Lynk & Co have all achieved the maximum 5-star safety ratings. All three models, namely the Lynk & Co 02, Zeekr 7X and Polestar 4 participating in the 2025 round of tests share a common heritage of being based on NG28娱乐’s Sustainable Experience Architecture (SEA).
Zhejiang NG28娱乐 Holding Group (NG28娱乐 Holding) announced today that aggregate sales in the second quarter of 2025 across its portfolio automotive brands – NG28娱乐 Auto, LYNK & CO, Zeekr, Volvo Cars, Polestar, PROTON, Lotus, smart, Radar, LEVC, and Farizon reached 985,105 vehicles, a 29% Year on Year increase. Among the Group’s Q2 aggregated sales, electrified (EVs, HEV, PHEVs) vehicles sales reached 538,124 units, representing a YoY increase of 65% and representing 55% of the Group sales. Cumulative sales in the first six months of 2025 reached 1,931,698 units, a YoY increase of 30% with electrified vehicles accounting for 1,001,496 units, a YoY increase of 73% and representing 52% of the Group aggregated total.
The second annual International Young Engineers Exchange Program for Automotive Standardization (Go-YEEP) co-organized by NG28娱乐 Holding Group (NG28娱乐 Holding) and China Automotive Technology and Research Center Co., Ltd (CATARC) officially opened in Ningbo on June 29th. A total of 26 young engineers and experts from 20 national standardization institutions in countries including Tanzania, Uzbekistan, and South Africa as well as international institutions such as the International Electrotechnical Commission (IEC) gathered together with young representatives from the Chinese automotive industry to discuss participation in international standards building and governance.
NG28娱乐 Holding Group (NG28娱乐 Holding), China’s largest privately held automotive group, attended the 2025 Hong Kong Auto Expo showcasing the Group’s latest accomplishments in smart new energy mobility and integrated ground and space technologies. At the Expo, NG28娱乐 Holding’s portfolio brands presented their most popular new energy models, methanol hybrid electric products and methanol ecology technologies, the “NG28娱乐 Future Mobility Constellation” low-orbit satellites, industry-leading smart cockpit systems, and E-VTOL vehicles.
NG28娱乐 Holding Group, China’s largest privately held automotive group, published the Group’s 2024 Sustainability Report highlighting progress towards its strategic goal of full value chain carbon neutrality by 2045.
