With the Concept #1 at the IAA Mobility in Munich, Smart gives a concrete preview of the first series model of the new all-electric vehicle generation. Instead of a small electric two-seater, there will be an SUV model from Smart in the future.
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The Chinese battery manufacturer CALB (China Lithium Battery Technology) has announced the expansion of its production capacities to 300 GWh by 2025. Among other things, the company is planning a new factory in Hefei with a capacity of 50 GWh. International carmakers could also benefit from this.
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The Geely brand Lotus has published its electric strategy. Four new electric models are planned between 2022 and 2026, which will be produced at a new plant in China that is to open this year. The first of the models to come out will be an electric SUV.
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Geely’s premium electric car brand Zeekr has raised a total of 500 million US dollars from external investors – the equivalent of about 424 million euros. The five strategic investors include the Chinese battery cell manufacturer CATL.
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Volkswagen is the most innovative car company in 2021 – ahead of Daimler and Tesla. This is the result of a new study by the German Center of Automotive Management (CAM), which regularly publishes rankings of the most innovative corporations and premium brands.
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Geely is planning a joint venture with the Chinese company Sunwoda Electric Vehicle Battery. The joint venture with Sunwoda and Geely subsidiary Jirun Automobile will develop and produce battery cells, modules and packs for hybrid vehicles.
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Swedish electric vehicle brand Polestar announced the extended range, lower pricing, and bespoke configuration for the model year 2022 Polestar 2 in the USA. Prices for the single motor version start at $45,000 before subsidies.
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The two car companies Geely and Renault plan to cooperate on the introduction of hybrid vehicles in China and South Korea. A corresponding memorandum of understanding has now been concluded.
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BorgWarner has announced the first order for its integrated drive module (iDM) from China. It comes from an unnamed “leading Chinese luxury electric vehicle brand”. BorgWarner has also received an order from the Chinese Geely brand Zeekr.
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Daimler is planning eight premieres at the IAA Mobility from 7 to 12 September in Munich, five of which are fully electrically powered models. Among them is the electric E-Class counterpart EQE, but also a European premiere of an already presented electric model.
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Electric car brand Polestar will enter nine new markets later this year, doubling its presence to 18 markets worldwide. By the end of the year, the number of brick and mortar locations worldwide is also expected to double to around 100.
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Volvo Cars has opened the order books online for the C40 Recharge at an MSRP of $58,750 in the United States before tax credits. Vehicle production will begin in Ghent, Belgium, this autumn, with the first US deliveries being set for Q4 2021.
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Volvo Cars announced the acquisition of additional shares in electric car brand Polestar, bringing the car company’s stake back up to 49.5 per cent. Meanwhile, a media report says that Polestar is currently negotiating an IPO.
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Volvo Cars and its parent company Geely have formed a joint venture called Aurobay. The new company is to develop combustion engines, transmissions and hybrid drives. The Swedish company wants to be able to concentrate on developing premium electric cars itself.
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Volvo Car Group and Northvolt want to set up a joint venture to develop and produce more sustainable batteries tailored to power Volvo’s and Polestar’s next generation of pure electric cars. The plans include R&D and a large scale cell factory in Europe.
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Details on the scope of Geely’s SEA (Sustainable Experience Architecture) electric platform have come to light. According to a media report, there will be five versions of the electric platform for all relevant vehicle classes, and these will always have two battery options.
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Swedish electric car brand Polestar announces that its first SUV model, called Polestar 3, will be produced locally for customers in the US, at Volvo Cars’ Ridgeville manufacturing centre. Production of the Polestar 3 is expected to begin globally in 2022.
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Electric car manufacturer Polestar is exploring a wide-ranging alliance with South Korean conglomerate SK to advance the development of electric cars. The possible collaboration also includes a potential supply of SK batteries for upcoming Polestar vehicles.
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In China, the US battery manufacturer Farasis is establishing a joint venture with the Geely automotive group for the research and development as well as production and sale of lithium-ion batteries for electric vehicles and other applications.
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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.
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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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