LEVC: Jörg Hoffman to follow Chris Gubbey
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.
LEVC delays new electric van
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.
Geely & CATL found battery JV in China
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.
Paris grants permission for launch of LEVC’s black cab
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.
Daimler & Geely planning ride-hailing service in China
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.
Geely presents wide-ranging electric vehicle strategy
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.
Geely & Maxwell seal tech cooperation
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.
Geely presents Icon and Borui GE in Beijing
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.
Geely now largest shareholder of Daimler
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.”
Geely to issue 20 plug-in models by 2020
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.
Polestar to put out more PHEVs + prices Polestar 2
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.
Geely interested in Daimler stock
The rumors have turned out to be true: Chinese vehicle producer Geely has revealed their strategy through an insider, who spoke to Reuters. Apparently the Chinese producer aims to purchase some of Daimlers’ battery technology through the acquisition of company stock.
Geely, Via Motors to make electric truck (REx)
Geely’s New Energy Vehicle subsidiary is joining forces with VIA Motors to develop a medium-duty electric truck with Volvo range extender. Software and systems control will come from Via and the e-truck is to launch in China and the Americas by 2019.
Geely acquires shares in AB Volvo
After taking over Swedish carmaker Volvo 2010, the Chinese Geely group is now also owning parts of the separately operating truck specialist AB Volvo. Geely replaces investor Cevian Capital and thus acquires shares worth 2,8bn euros.
Rocket-powered racer may go electric soon
Bloodhound, the British 1000mph jet and rocket-powered land speed record challenger, is planning to convert. The rocket motors may soon be supported by an electric motor and talks with Polestar are underway.
Nissan, Toyota + Mazda, Geely, Tesla, Indonesia, Hyundai
Aerodynamic Leaf to inspire SUV version? In a new teaser video, Nissan emphasizes its new model’s enhanced aerodynamic. Just recently, first spy shot emerged that show the next-gen Leaf without camouflage. Its officially presentation is due in September. According to Autocar, Nissan also considers creating an electric crossover called Terra with optional all-wheel drive on the Leaf’s platform. Source of this information is a patent reached in by Nissan at Malaysia’s patents office.
electriccarsreport.com, autocar.co.uk (electric SUV)
EV alliance between Toyota and Mazda: The two Japanese carmakers are extending their partnership in order to develop EV tech and to erect a 1.6bn-dollars assembly plant in the States. In order to manifest the cooperation both companies take stakes in each other: Toyota will take a 5 percent share of Mazda, the latter a 0.25 percent share of its larger rival.
Geely brands’ joint venture: While Volvo Cars, Geely Auto and Lynk & Co already announced their will to work together as they all seek to accelerate common research on EV tech, this step has now been partly realized through foundation of a first joint venture: The GV Automobile Technology’s head quarter is in Chinese city Ningo, a subsidiary will be installed in Göteborg. While this project is driven by Volvo Cars and Geely, another JV including Lynk & Co is due in September.
Price cut of Tesla’s Model X and S: In the States, Tesla reduces the base price of its Model X by 3,000 dollars. Also the all-wheel drive version of its Model S is going to be available for 1,500 dollars less than before. Parallel, the EV maker adds more standard options for the performance versions of both, Model S and Model X.
EV production in Indonesia: By 2020, the country’s government seeks to kick-off serial production of an electric vehicle. Four universities are currently working together in order to develop an appropriate model. Further details on this project are not yet available.
Hyundai revises hybrid plans for India: The Korean carmaker refrains from presenting its Ioniq hybrid at India’s Auto Expo 2018, due to the government’s step to tax hybrids at the highest rate under the Goods and Service Tax (GST). Hyundai also cancelled the plan to introduce mild hybrid tech for the upcoming Verna, reacting on the government’s announcement to reduce fiscal benefits to mild hybrids under the FAME India Scheme.