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GEELY CLAIMS THREE FIA TCR PODIUMS AT PAUL RICARD, REINFORCING EUROPEAN EXPANSION MOMENTUM

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GEELY CLAIMS THREE FIA TCR PODIUMS AT PAUL RICARD, REINFORCING EUROPEAN EXPANSION MOMENTUM
Business

Business

GEELY CLAIMS THREE FIA TCR PODIUMS AT PAUL RICARD, REINFORCING EUROPEAN EXPANSION MOMENTUM

2026-07-08 17:00 Last Updated At:17:25

LE CASTELLET, France, July 8, 2026 /PRNewswire/ -- Geely Cyan Racing secured three podium finishes at Round 3 of the 2026 Kumho FIA TCR World Tour at Circuit Paul Ricard, France, with Santiago Urrutia retaining his lead in the drivers' championship. Tested by extreme summer heat on the FIA Grade 1 circuit, the Geely Preface TCR delivered consistent pace: Yann Ehrlacher took Race 1 second place, while Ma Qinghua and Urrutia claimed a double podium in Race 2.

From Track to Road: CMA and Engineering Synergies

At the core of the team's performance is the Geely Preface TCR, built on Geely's world-class Compact Modular Architecture (CMA) and developed through proven motorsport expertise. The CMA platform demonstrated exceptional durability amid extreme summer heat at Paul Ricard, withstanding rigorous demands on thermal management and overall reliability. The on-track performance data could contribute to Geely's mass-production development, creating a technology transfer from motorsport to consumer vehicles.

Strategic Footprint: Driving European Market Penetration

Capitalizing on this momentum, Geely Auto significantly accelerated its European expansion during the first half of 2026, positioning the continent as a critical engine for its global growth. Demonstrating remarkable operational agility, it successfully entered seven European markets including Germany, Spain, the Netherlands, and France within 45 days.

To sustain this market presence, signature models such as the Geely E5 (EX5) and Geely STARRAY EM-i have now been introduced across over 20 European nations. Geely has solidified its commercial ecosystem by forging strategic distribution partnerships with leading automotive dealership groups in Portugal, Austria, and Switzerland.

Long-Termism in Practice: Local Capabilities Strengthened

Operating under a philosophy of long-termism, Geely focuses on high-quality, mutually beneficial development with European partners. This commitment is backed by robust infrastructure investments, including a new spare parts distribution center in Amsterdam, Netherlands, establishing a logistics network servicing the Netherlands, France and other countries.

Global Growth Momentum: Global Innovator Position Reinforced

The European advances reflect Geely's broader global growth momentum. In the first half of 2026, the company posted record overseas sales of 474,228 units — a 158% year-on-year increase that already exceeds its full-year 2025 overseas total.

Top-tier motorsport acts as a trusted anchor for Geely to build technical recognition in mature markets. By executing an integrated strategy of race-validated technology, competitive product portfolios and localized operational capabilities, the company is evolving into full value-chain globalization.

 

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GEELY CLAIMS THREE FIA TCR PODIUMS AT PAUL RICARD, REINFORCING EUROPEAN EXPANSION MOMENTUM

GEELY CLAIMS THREE FIA TCR PODIUMS AT PAUL RICARD, REINFORCING EUROPEAN EXPANSION MOMENTUM

LONDON, July 8, 2026 /PRNewswire/ -- BB Energy secures three additional crude oil cargos from the Republic of South Sudan.

BB Energy is pleased to announce that it has been awarded three additional crude oil cargoes by the Republic of South Sudan, scheduled for delivery in August, September and November 2026.

In consideration of these awards, BB Energy has agreed to relax the existing injunction restrictions that had prevented the Republic of South Sudan from accepting advance payments for crude oil cargoes. The relaxation of the injunction will remain in effect until the end of November 2026.

Jas Grewall, Head of Business Development at BB Energy, said: "We thank the Republic of South Sudan for its positive commercial engagement, in particular to Minister of Finance, Hon. Kuol Daniel Ayulo, First Undersecretary of Finance, Hon. Malual Tap Dieu and Under Secretary of Petroleum, Hon. Dr. Santino Ayuel Longar. We look forward to a continuing commercial relationship and to fully resolving this matter".

This multi-party legal issue was resolved through constructive discussions with RSS and the other market participants involved.

The three cargoes will assist in paying down the amount outstanding to BB Energy, and each of BB Energy and the Republic of South Sudan is committed to negotiating a long-term solution for the full balance over the coming months.

CONTACT: info@bbenergy.com 

 

 

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

BB Energy Secures Three Additional South Sudan Crude Oil Cargoes

BB Energy Secures Three Additional South Sudan Crude Oil Cargoes

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