Volkswagen adds EV makers to CO2 pool with SAIC
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’s Luca de Meo calls for new business model
Renault CEO Luca de Meo has presented his new strategy dubbed „Renaulution“ (sic!). The Italian de Meo wants to give the French automaker a new business principle: Away from the volume, toward value. Ten new electric models are to be launched by 2025.
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Foxconn & Geely launch EV manufacturing partnership
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.
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Baidu considers producing EVs in Geely factory
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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Smart developing electric SUV on Geely platform
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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Baidu looks at EV manufacturing at scale
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 & Geely join forces for hybrid powertrain R&D
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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Lotus jumps straight to all-electric for pure luxury
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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Polestar in talks for fresh financing round
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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LEVC starts production of hybrid van model VN5
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 a CO2-neutral Polestar plant in China
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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Volvo confirms small electric car on Lynk& Co. platform
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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Lotus working on a light platform for electric cars
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 coming to Europe in 2021
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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Lynk & Co presents electric concept and platform
The Geely subsidiary Lynk & Co has delivered a preview of its first all-electric model with the Zero Concept. The new electric vehicle platform, which will enable ranges of up to 700 kilometers, is also to be offered to other OEMs. Apparently there is already an interested party from Germany.
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China’s NEV sales are picking up again
In China, the decline in sales figures for new energy vehicles appears to be levelling off as some manufacturers’ sales figures for July seem to indicate. The Xpeng P7 market launch also apparently went well.
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DPD UK ahead of electrification schedule
The parcel service DPD now has over 700 electric vehicles in use in the UK, and has thus reached its target of electrifying ten per cent of its UK fleet five months earlier than planned.
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Daimler in talks to sell French Hambach plant
Daimler plans to sell its plant in Hambach, France, where they build the Smart electric vehicles. In 2018, Daimler had announced that the factory would also make a compact model of the electric car brand EQ, presumably the EQB.
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Geely-owned Terrafugia completes eVTOL test flights
Terrafugia, the aircraft developer Geely took over, presented a prototype of its all-electric vertical take-off plane TF-2A and says they have undertaken test flights already. Terrafugia has now also provided the first key technical data on the aircraft.
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China’s EV market is recovering slowly
In China, 55,829 battery-electric cars and 14,370 plug-in hybrids from local production were sold in May. The sales figures for so-called New Energy Vehicles were thus 25.8 per cent lower than in the same month last year, but 19.5 per cent higher than in April 2020.
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Geely brand Geometry reveals second electric car for July
After Geely presented its electric car brand Geometry and its first model Geometry A last year, the brand’s second model, the Geometry C, will be launched on the Chinese market in July.
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LEVC pauses supplier payments for April
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.
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Maple 30x is a new low-cost EV from China
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.
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Polestar launches serial electric car production in China
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.
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Polestar sets up wholly-owned spin-off in China – Jixing
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.
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Four Chinese cities are offering their very own EV grants
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.
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LEVC names their first electric transporter VN5
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.
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Egypt turns to China to build electric vehicle sector
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.
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LEVC to create 100 jobs in electric van production
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.
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LEVC to release hybrid-electric taxi in Japan
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.
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