The fully electric Volvo subsidiary Polestar has qualified for the $7,500 federal tax credit in the USA separately from their mother company, meaning that each will be allowed to sell 200,000 vehicles before the credit runs out.
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At the end of the current model year, Daimler is to ends sales of the Smart in the USA and Canada, where the small car has only been available with an electric drive since 2017. In addition, Smart-Chefin Katrin Adt will assume a new management position within the Group as of July 1.
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Geely has introduced its first fully electric car brand, named Geometry, alongside its first model Geometry A. By the year 2025, ten electric models will be launched under the new brand in several segments, including sedans, SUVs and vans.
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Daimler is said to be about to sell half of its subsidiary brand Smart to its Chinese major shareholder Geely. The official announcement of the takeover of 50 per cent of the Smart shares is apparently going to take place before the Shanghai Auto Show in April.
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Volvo is seeing enormous demand for its electrified models and expects sales to rise even further by the end of the year. CEO Hakan Samuelsson, admitted that Volvo has underestimated demand but said they are “tripling the capacity”.
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Daimler is considering to finally cooperate with the Chinese manufacturer and the latest stakeholder Geely for the Smart successor models that are to be EV only from 2020. Concrete talks on technical cooperation are already underway.
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Volvo is currently holding talks with Chinese and US investors to generate additional capital for its Polestar electric car brand. Meanwhile, the subsidiary has announced that the Polestar 2, the brand’s first all-electric model, will be officially presented on February 27.
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The London Electric Vehicle Company (LEVC) is to lay off 70 temporary employees, according to information from the BBC. Reasons were not given, but it is likely that Brexit has played a role.
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The London Electric Vehicle Company (LEVC), which belongs to the Geely Group, will soon be managed by a German. After the current CEO Chris Gubbey announced his retirement, LEVC appointed the former Audi- and GM-Manager Jörg Hofmann as his successor.
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The London Electric Vehicle Company (LEVC) is postponing the launch of its planned new electric delivery van. The new vehicle should have come out at the end of 2019, but will only be “ready for the market at the beginning of the 2020s”. LEVC already published a first photo of the EV in May 2018.
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The vehicle manufacturer Geely is founding a joint venture with the battery cell manufacturer Contemporary Amperex Technology (CATL). The joint venture will be called CATL Geely Power Battery and will launch with a starting fund of one billion Yuan (130 million euro) by the two partners.
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Even though the Daimler subsidiary Smart has announced plans to go fully electric by 2020, the future of the brand is unsure, according to industry insider Georg Kacher.
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Geely-owned London Electric Vehicle Company (LEVC) will bring its electric taxi with range extender to Paris. A permit for the black cab has now been granted by the Paris authorities. The French capital is expected to receive the model called TX in the first half of 2019.
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Terrafugia is taking pre-orders for their hybrid plane that mixes two worlds in every sense. The Transition is said to switch from road to air operation in less than a minute and moves from partially electric driving to conventional flying.
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Geely has gone from acquisitions to creating something with those firms it gathered in hand. Insiders told Bloomberg of a new joint venture in the making that would see Daimler and its 10%-stakeholder Geely set up a ride-hailing service in China, possibly using Denza EVs.
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Volvo’s electronic performance brand Polestar has finally begun making their first vehicle, the Polestar 1, which they had introduced a year ago. Yesterday, Polestar announced having completed 34 of the electric supercars in Sweden – as a handmade series for testing.
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The Center of Automotive Management (CAM) has published its latest innovation ranking for 2018. The study shows: Tesla is far ahead of established carmakers when it comes to electric mobility. And China too is catching up fast.
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Terrafugia, a flying car developer owned by Geely, has announced that they will be ready to begin production on a two-seated VTOL named Transition with a hybrid system next year. Details to price and performance have not been released yet.
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Geely is on course to electrify no less than 90 per cent of its lineup by 2020 and has now specified said evolution. Their new energy strategy ‘Geely Intelligent Power’ outlines 30 novel electric and hybrid models, with NEVs boasting a range over 500 km. Plus, Geely looks 5 years ahead technologically.
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Geely may have found a loophole in the protectionist laws surrounding Chinese subventions, which only allow for vehicles with batteries made in China.
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The Chinese car manufacturer Geely has set up a technology partnership with Maxwell Technologies focusing on the integration of ultracapacitors and advanced power conversion electronics into Geely’s global electrified vehicle lineup.
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In remote China, Geely is gearing up to double the workforce at its otherwise high-tech facility for plug-in cars. In this case, the Zhangjiakou plant is to make new energy vehicles for Lynk & Co as the Geely brand aims for making 200,000 NEVs a year.
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Geely has introduced their SUV concept Icon at the Beijing Motor Show, which is built upon the Volvo XC40 platform and is thus well-prepared for electric or plug-in hybrid transmissions. They also presented the new sedan Borui GE, which is powered by a PHEV motor from Volvo.
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The Geely subsidiary EV producer Zhi Dou is planning to establish a production base in Europe. They are closely looking at Slovakia and Romania, but the final decision will only fall in Fall.
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Daimler is currently evaluating cooperation options with the Chinese Geely. They are analyzing potentially releasing an EV platform, among other things, which could be sold to other manufacturers.
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The Geely brand Lynk & Co has revealed the design for their second model 02 in Amsterdam. The crossover SUV will be available in Europe as a PHEV as of 2020, and a purely electric version is to follow. Production will be set in Belgium.
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China’s Geely has bought almost ten percent in Daimler shares, thus becoming the company’s largest shareholder. Geely founder Li Shufu said in a statement he is “particularly pleased to accompany Daimler on its way to becoming the world’s leading electro-mobility provider.”
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Chinese Geely has lined up 20 new energy vehicles to be released before the end of the decade. Two electric as well as two PHEV models are to launch this year in China in an effort to electrify 90% of the range.
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The Chinese car manufacturer Geely has signed a contract for the construction of a new 5 billion dollar production complex for EVs and PHEVs in the province Zhejiang. The project is st to begin in October and will be realized in two phases.
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Demand for Volvo’s dedicated arm for premium plug-ins, Polestar, is on the up. After receiving thousands pre-orders for its first model, a 600 hp PHEV, Polestar is mulling to increase production. Also, very competitive pricing for the Polestar 2 has been released.
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