The Geely subsidiary Lotus has started deliveries of its first electric model Eletre in China. Later this year, the electric SUV will also be handed over to the first customers in the EU and the UK.
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ElectroMobility Poland (EMP), a budding EV manufacturer backed by the Polish government, wants to add some Italian flair to its Izera EV subsidiary. The company is working with the Italian design company Pininfarina, which is to design three electric cars: an SUV, a hatchback and an estate.
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Around 525,000 new energy vehicles (NEVs) were sold in China in February 2023, 55.9 per cent more than in the same month last year and 28.7 per cent more than in January 2023. BYD accounted for the largest number of vehicles – both NEVs and pure battery-electric cars.
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Over the next two years, Geely wants to launch seven new premium electric cars under its new sub-brand Galaxy. That includes four long-range hybrids and three battery-electric vehicles. The first three models will hit the read before the end of the year.
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According to Chinese media, CATL could significantly reduce battery prices for select automakers. But only under certain conditions. The manufacturer could therefore offer lower prices to some customers in the third quarter of 2023 if they agree to purchase at least 80 per cent of their batteries from CATL in exchange.
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The Chinese manufacturer Geely has launched its latest model: the all-electric Panda Mini. There are a total of four variants of the small electric car, which will cost between 39,900 and 53,900 yuan (around 5,500 to 7,400 euros) in China, depending on the equipment.
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Chinese carmaker Zeekr published the first images of its third model, the Zeekr X. The SUV will first be shown at the Auto China in Shanghai in April and will probably be available in China before the end of the year. It will most likely also be sold in Europe but at a later date.
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The Geely subsidiary Lotus has announced its intention to list its electric car division Lotus Technology on the stock exchange. Accordingly, the plan is to list on the US stock exchange Nasdaq through a merger with L Catterton Asia Acquisition Corporation, which is already listed there.
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Polestar gives its Polestar 2 a comprehensive update for the new model year, including new engines and more powerful batteries. The single-motor variants are now rear-wheel drive, analogous to the electric drive system update for the Volvo models XC40 and C40 – but with more power in the Polestar than in the Volvos.
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The Geely subsidiary LEVC (London Electric Vehicle Company) is facing a future as a pure electric vehicle manufacturer, according to a media report. In order to make this change, parent company Geely is said to be planning a major investment.
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Volvo Cars has announced plans to launch its own offshoot of the 009 electric van from the Zeekr brand, which is also part of the Geely Group, in China at the end of 2023.
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Total sales of New Energy Vehicles in 2022 amounted to 6.887 million units. This is according to statistics from the China Association of Automobile Manufacturers (CAAM) and represents an increase of 93.4 per cent compared to 2021.
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Geely’s Premium electric brand Zeekr has begun serial production of its second model. The electric van Zeekr 009 is now rolling off production lines in the company’s plant in Hangzhou Bay, Ningbo city in the east Chinese province of Zhejiang. Deliveries should start shortly.
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In China, Geely’s premium electric brand Zeekr is now offering its 001 with CATL’s Qilin battery for the first time in the new 2023 model year. This battery option with a capacity of 140 kWh increases the range of the Zeekr 001 to up to 1,032 kilometres according to Chinese standards.
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The Chinese electric car joint venture Jidu Auto of Baidu and Geely has presented its first two models. These are an electric SUV and an electric sedan, which are intended to focus on autonomous driving.
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As 2023 comes to a close, the London Electric Vehicle Company (LEVC) has announced a strategic shift, underlined by a change in management. LEVC now aims “to become a leading zero-carbon mobility technology company”.
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Volkswagen expects to meet European emissions standards this year without relying on other companies to sell electric cars. In addition, VW has made changes to their CO2 pool in the EU.
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Zeekr has confidentially filed for a US public offering to raise over $1 billion in capital, according to inside sources. Zeekr lodged its filings with US regulators last week and is planning to go public in New York as early as the second quarter of 2023.
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In China, sales of new energy cars reached a new high in November: According to estimates by the China Passenger Car Association (CPCA), around 732,000 new energy cars were sold – about 56,000 more than in the previous record month of October 2022.
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The Geely brand Geometry has launched two new electric models in China. These are the G6 sedan and the M6 SUV, both of which start at a base price of 149,800 yuan (approx. 20,250 euros) after subsidies.
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A registration application in China has revealed the first pictures and data on the second model of the Smart brand. Next to a modified body, the model will also have an all-wheel drive with a second electric motor, and at least one more battery option.
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Geely has signed an agreement to license its all-electric Sustainable Experience Architecture (SEA) to ElectroMobility Poland (EMP), a budding electric vehicle manufacturer backed by the Polish government.
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The premium electric brand Zeekr, part of the Geely Group, has launched its SEA-M platform for autonomous electric vehicles. The SEA-M is an evolution of Geely’s Sustainable Experience Architecture (SEA) for autonomous vehicles. The first representative of the new SEA-M vehicle type is the Zeekr M-Vision.
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Branded as a label for lifestyle vehicles at launch, Geely subsidiary Radar Auto just debuted its first model in China. The RD6 electric pick-up truck hits the market in four versions at prices starting from 178,800 yuan, below 25,000 euros.
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The Chinese car company Geely is bringing the Geometry C to market in Eastern Europe. While the compact electric car will continue to be sold in China under the Geometry brand, it will apparently be marketed in Europe as the Geely Geometry C directly under the name of the parent company.
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Geely’s commercial vehicle subsidiary Farizon Auto gives a preview of future products. These include a platform christened SuperVAN for a family of electric vans due to hit the roads in 2024. Separately, the manufacturer recently raised $300 million in capital.
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In China, sales of new-energy passenger cars were almost unchanged in October compared to the previous record month of September 2022. About 676,000 NEV passenger cars were sold in October 2022, including about 508,000 BEVs and 167,000 PHEVs.
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Renault has presented the third phase of its strategic plan “Renaulution”. In it, the car company not only specifies the electric roadmap for its brands, but also its plans for the future independent electric car division.
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Geely’s premium electric subsidiary Zeekr has unveiled its second model and is now accepting reservations for the Zeekr 009 in China. Separately, Geely plans to spin off Zeekr and list it on the Hong Kong Stock Exchange.
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Chinese company Geely has taken a stake in Aston Martin. Their investment is part of a £654 million capital raise for the British premium car brand. According to a terse statement from Aston Martin, Geely joins existing investors such as Mercedes-Benz in the Public Investment Fund.
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