The London Electric Vehicle Company (LEVC) has apparently stopped payments to suppliers for at least a month. The company has invoked a force majeure clause in its contracts due to the coronavirus crisis. LEVC’s business plan for this year remains unchanged.
Weiterlesen
A new electric car brand launched in China named Maple. Maple is a joint venture between Geely and Kandi’s Fengsheng Automotive Technology Group. The brand’s first model, the Maple 30x, is to be launched at prices of less than 9,000 euros.
Weiterlesen
In Luqiao, China Polestar has kicked-off series production of the Polestar 2 BEV. The Volvo subsidiary’s all-electric car is to be launched on the European market first, with deliveries planned to start summer 2020 before coming to the US and China.
Weiterlesen– ADVERTISEMENT –
Volvo’s electric car brand Polestar registered a wholly-owned subsidiary in Shanghai on 11 March. Polestar calls its China spin-off Jixing Automobile and has tasked it with the wholesale and retail of vehicles and auto parts.
Weiterlesen
In order to stimulate the weakening sales of electric cars and plug-in hybrids, four Chinese cities are now temporarily offering their own purchase premiums for electrified vehicles produced in China by certain manufacturers.
Weiterlesen
The Geely subsidiary LEVC has announced the name of its new e-transporter with range extender due for production this year. It’s called the VN5, where the number represents the five cubic meter load capacity. There are also further details about the van’s chassis.
Weiterlesen– ADVERTISEMENT –
Electric buses and electric cars are to be produced in Egypt in the future. The Egyptian government has now reportedly reached agreements with Foton and Geely respectively.
Weiterlesen
The Geely subsidiary LEVC (London Electric Vehicle Company) wants to create 100 new jobs during the production of the new delivery van in Anstry near Coventry. Pre-series production of the PHEV transporter recently started. But the company also has ambitious plans with the well-known taxi model.
Weiterlesen
The UK Geely subsidiary LEVC is opening up a new market with its hybrid taxi, which combines an electric drive with a combustion engine as a range extender. The LEVC TX eCity has now been launched in Japan with the Fleetway and Service Company acting as the official importer and dealer.
Weiterlesen
The China joint venture between Mercedes-Benz and Geely around Smart announced at the end of March last year has now been formally established with all relevant final approvals from Chinese authorities. The first electric Smart cars made in China are to be launched on the market in 2022.
Weiterlesen
Mercedes has postponed the US launch of its EQC by at least one year to 2021. The German carmaking giant says that this “strategic decision” is because it “first wants to meet the growing customer demand for the EQC in Europe”. Meanwhile, BAIC wants to double its stake in Daimler.
Weiterlesen
According to the study conducted by the Center of Automotive Management (CAM), when it comes to innovative strength, German carmakers maintain an international lead. Volkswagen is placed at the top of this ranking. This latest comparative study is the result of research among 38 car manufacturers.
Weiterlesen
Volvo Cars and its parent company Geely intend to merge the development and production of internal combustion engines and hybrid drives into an independent company to save costs and to focus on the development of an all-electric range of cars.
Weiterlesen
The Volvo and Geely electric car subsidiary Polestar has published the final list prices for Polestar 2 in European countries where the Tesla Model 3 competitor will be launched. In the UK, for example, the base price is 49,900 GBP.
Weiterlesen
Volvo has released UK pricing and specifications for its new XC. Volvo retailers are taking customer orders now, with the first cars scheduled for UK delivery in February 2020.
Weiterlesen
The Geely brand Lynk & Co will produce its first vehicles for Europe in the second quarter of 2020 – not at the Volvo plant in Ghent, Belgium as originally planned, but in China.
Weiterlesen
Volvo wants to use blockchain technologies to increase transparency regarding the origin of the cobalt used in the batteries of their electric cars. The first project in China, the home country of Volvo’s mother company Geely, has now been launched.
Weiterlesen
After the fully electric Hypercar Evija presented a few days ago, Lotus wants to introduce just one pure combustion sports car at the end of next year, after which every future model will also have a fully electric version.
Weiterlesen
LG Chem and Geely are forming a joint venture in China for the production of electric car batteries. The plan is to establish a factory that will have an annual production capacity of 10 GWh by the end of 2021 to supply batteries for Geely electric vehicles.
Weiterlesen
Geely is extending the product range of their commercial vehicle brand Yuan Cheng with the fuel cell bus F12 and the battery electric bus C11. The F12 is expected to offer a range of more than 500 kilometres.
Weiterlesen
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.
Weiterlesen
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-boss Katrin Adt will assume a new management position within the Group as of 1 July.
Weiterlesen
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.
Weiterlesen
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.
Weiterlesen
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”.
Weiterlesen
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.
Weiterlesen
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.
Weiterlesen
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.
Weiterlesen
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.
Weiterlesen
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.
Weiterlesen