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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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-boss Katrin Adt will assume a new management position within the Group as of 1 July.
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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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