The British Geely brand Lotus also sees its future in battery-electric cars. That is why the Emira, which is to be presented in the summer, will be the last Lotus sports car with an internal combustion engine. From 2028, Lotus plans to sell only electric cars.
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The electric car joint venture Jidu Auto by Baidu and Geely wants to present its first model in a year. CEO Xia Yiping broke the news alongside an announcement for billions in investment.
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Geely presented a new SUV model based on the CMA platform at the Shanghai Auto Show. The Xingyue L will also get an electrified version later. There is also a new BEV version of the ‘Geometry A’ and a plug-in hybrid from Lynk & Co.
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Geely’s premium electric brand Zeekr has officially unveiled its first model, the Zero Concept presented last year and now in the production version. Geely considers the Zeekr 001 an all-electric “shooting brake” ready to hit the markets in China this autumn.
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Polestar has raised US$550 million from a group of long-term financial investors. With this private placement of newly issued shares, the company says “for the first time, external financiers demonstrated their confidence in Volvo’s electric car brand”.
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Polestar is expanding the range for its purely electric hatchback Polestar 2. Three drive trains are now available. In addition to the already available dual-motor drive with 300 kW output and a 78 kWh battery, there are now also two variants with front-wheel-drive.
Weiterlesen The Chinese car company Geely is planning a new brand called Zeekr, which is to be positioned in the premium segment and above all compete with Tesla. The plan is apparently to launch the brand under Geely’s planned subsidiary Lingling Technologies.
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Geely plans to build a large battery factory in Jiangxi province, China. The company on social media said it would invest 30 billion yuan (nearly 4Bn euros). The factory in Ganzhou is designed to deliver electric vehicle batteries worth 42 GWh ultimately.
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Polestar, Volvo’s electric car brand from Sweden, says it was expanding its retail presence across the United States with plans to open new Polestar Spaces in 15 cities by the end of this year. First cities will see the showrooms open within a few months.
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Volocopter has raised over 200 million euros in its Series D financing round. The money will be used for the approval process of the e-taxi VoloCity and the accelerated opening of the first commercial routes.
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Shortly after announcing its intention to become an all-electric brand by 2030, Volvo has unveiled the C40 Recharge, the second purely electric car in its current portfolio and the first to be offered exclusively with electric drive.
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Volvo Cars will become an all-electric car manufacturer from 2030. In 2018, Volvo had set itself the goal of achieving half of its sales with purely electric cars by 2025. To this end, there is another change: Volvo wants to sell electric cars only via online direct sales.
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Volvo owner Geely and Volvo Cars have announced that they will forego their proposed merger and instead significantly deepen their existing cooperation as two separate companies. This includes, among other things, expanded joint use of modular architectures for electric cars.
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The Chinese car manufacturer Geely reportedly wants to spin off product planning, marketing and sales of electric vehicles into an independent company. The subsidiary Lingling Technologies, which is yet to be founded, is to be primarily concerned with development, marketing and sales.
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The Center of Automotive Management (CAM) has analysed the innovative strength of 32 car manufacturers looking at 291 innovations in the field of electric mobility. Tesla remains by far the top innovator in the technology field but is tracked by VW.
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Faraday Future has found a partner for its IPO. After merging with investment company Property Solutions Acquisition, the new Faraday Future Inc. is to be traded on Nasdaq under the ticker symbol “FFIE”. The company has also signed a framework agreement with Geely.
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Volkswagen AG has opened its CO2 pool in the EU further at the end of last year to include more manufacturers. The new pooling partners all make electric vehicles.
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Renault CEO Luca de Meo has presented his new strategy dubbed “Renaulution”. The Italian de Meo wants to give the French automaker a new business principle putting value above volume. Ten new electric models are to be launched by 2025.
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Long-time Apple supplier Foxconn and Chinese automaker Geely are entering into a partnership. With the planned joint venture, in which both partners will each hold half of the shares, Geely and Foxconn intend to offer contract manufacturing and consulting services in electric mobility.
Weiterlesen A few weeks ago, it became clear that the Chinese technology group Baidu is looking into entering the production of electric cars. New information now shows that the production of electric cars will apparently take place in existing Geely plants.
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The relaunch of the Smart brand in the form of the Chinese joint venture with Geely is becoming more concrete: The first model is to be an electric SUV, which will also be offered in Europe.
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China’s online search-engine Baidu looks set to enter the electric vehicle industry in a big way according to company insiders. The internet giant is looking at either establishing a majority-owned venture with an automaker or becoming an automaker itself.
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Daimler and its Chinese shareholder Geely are tightening the knots they share as they agree to cooperate in the development and production of hybrid drives. The two automotive groups intend to use synergies in their global research and development networks.
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The Geely brand Lotus will rely on a purely electric drive instead of the originally announced hybrid drive for its first electrified SUV. The luxury car has been developed under the internal code name Lambda for market launch in 2022.
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Volvo subsidiary and electric car manufacturer Polestar is in talks with investors to raise at least 500 million US dollars. At this stage, the corresponding financing round has not yet been concluded.
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The Geely subsidiary LEVC (London Electric Vehicle Company) has started production of the new VN5 van model in Anstry near Coventry and has meanwhile integrated another partner in Germany into its local dealer network.
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Geely plans to build a new plant in the Chinese city of Chongqing, where electric cars will be produced for the Polestar brand. The new plant is reported to plan production capacities for “30,000 premium electric vehicles” annually.
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According to CEO Håkan Samuelsson, Volvo will also use the new SEA (Sustainable Experience Architecture) EV platform recently presented by the fellow Geely brand Lynk & Co. The incoming compact model below the XC40 will be the first Volvo based on this platform.
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The sports car manufacturer Lotus will work with partners to develop a new lightweight architecture for electric vehicles as part of a project sponsored by the British government.
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Lynk & Co plans to deliver their first vehicles in Europe in spring 2021. The Geely subsidiary is starting with the hybrid SUV 01, which shares the platform with the Volvo XC40. A subscription-like membership model will also handle sales in Europe.
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