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.
Tag : Geely
A few weeks ago, it was revealed that Chinese tech company Baidu was looking into getting into electric car production, but what's new now is the information that the production of the e-cars will apparently take place in Geely's existing plants.
The Volkswagen Group has added further manufacturers to its European CO2 pool, including companies whose electric cars are intended to reduce the CO2 fleet value of the pool.
Renault boss Luca de Meo has unveiled his new "Renaulution" strategy. The Italian wants to give the French carmaker a new business principle in three phases: away from volume and towards value. Ten new electric models are to be launched by 2025. In the spotlight: the Renault 5 Prototype.
California-based electric car startup Faraday Future is planning to build a plant in China with an initial annual production capacity of more than 100,000 vehicles, according to insiders, and is also negotiating with Geely for contract manufacturing.
Faraday Future has found a partner for its long-announced IPO. After merging with investment firm Property Solutions Acquisition, the new Faraday Future Inc. will trade on Nasdaq under the ticker symbol "FFIE." The company has also entered into a master agreement with Geely.
The Center of Automotive Management (CAM) has analyzed the innovative strength of 32 automakers based on 291 innovations in the field of electromobility. The top innovator in the technology field of battery-electric vehicles remains Tesla by a clear margin.
Chinese carmaker Geely is apparently looking to spin off product planning, marketing and sales of electric vehicles into an independent company, with yet-to-be-established subsidiary Lingling Technologies primarily focused on development, marketing and sales.
Volvo owner Geely and Volvo Cars have announced they will forgo their contemplated merger and instead significantly deepen their existing collaboration as two separate companies, including expanded sharing of modular architectures for e-cars.
Volvo Cars to become pure electric car maker from 2030 Back in 2018, Volvo set a target of half of its sales coming from pure e-cars by 2025. To that end, there's another change: e-cars will only be sold by Volvo through direct sales over the internet.
Polestar has received $550 million from a group of long-term financial investors, a private placement of newly issued shares that the company says "marks the first time outside backers have demonstrated their confidence in Volvo's electric car brand."
Geely's recently launched premium electric brand Zeekr has unveiled its first model. The Zeekr 001 is based on Geely's SEA e-platform and is scheduled for delivery in China from October 2021 and in other countries from 2022.
Geely Auto has unveiled a new SUV model based on the CMA platform at the Shanghai Auto Show, with the Xingyue L also set to get an electrified variant later on, as well as a new BEV version of the Geometry A and a plug-in hybrid from Lynk & Co.
Geely's British brand Lotus also sees its future in battery-electric cars, which is why the Emira, due to be unveiled this summer, will be the last Lotus sports car with an internal combustion engine. From 2028, Lotus plans to sell only electric cars.
Geely subsidiary LEVC (London Electric Vehicle Company) will begin launching the VN5 van model, already available in the UK, in continental Europe this month, with a dealer network in Europe currently comprising 22 partners and expected to grow to over 40 dealers by the end of the year.
The first all-electric Volvo, the C40 Recharge Pure Electric, is now available to order in Germany, starting with a premium-equipped special edition model called the "First Edition", which Volvo is advertising at €57,890.
Volvo Cars and its parent company Geely have formed a joint venture called Aurobay. The new company will develop combustion engines, transmissions and hybrid powertrains, allowing the Swedes to focus on developing premium electric cars themselves.
Volvo Cars has announced the acquisition of more shares in electric car brand Polestar, bringing the carmaker's stake back up to 49.5 percent. Meanwhile, a media report says that Polestar is currently negotiating an IPO via SPAC.
The two car companies Geely and Renault plan to cooperate on the introduction of hybrid vehicles in China and South Korea, and a memorandum of understanding has now been signed.
Geely's premium electric car brand Zeekr has raised a total of 500 million US dollars from external investors - the equivalent of around 424 million euros. Chinese battery cell manufacturer CATL is one of the five strategic investors.
Geely brand Lotus has released its electric strategy, with plans for four new electric models between 2022 and 2026 that will be produced at a new plant in China set to open later this year, starting with an e-SUV.
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.
Geely's electric car brand Geometry is unveiling its most affordable model yet, the EX3. The five-seat compact electric car is expected to cost 59,700 yuan, around 7,900 euros, according to its "estimated pre-sale price." The EX3 is already available for pre-order in China, and will be launched in other markets later as well.
Chinese carmaker Geely plans to float its Swedish passenger car subsidiary Volvo Cars on the Stockholm stock exchange later this year. New shares are expected to raise gross proceeds of around 25 billion Swedish kronor (2.5 billion euros), and Geely intends to remain the largest shareholder.
Japanese electric motor manufacturer Nidec has signed a supply agreement with Geely-branded Zeekr. Nidec says the 200-kW axle drive will be installed in the Zeekr 001.
Geely has given its Volvo Cars subsidiary control of the car plant in Luqiao, China, which produces the Polestar 2 and Volvo XC40 Recharge electric models, among others, and as part of the move, the Luqiao manufacturing plant will be renamed Taizhou.
Geely's premium electric brand Zeekr has begun production of its debut model, unveiled in April, in the eastern Chinese region of Ningbo, with the first deliveries of the Zeekr 001 already announced for October 23.
Geely subsidiary Farizon Auto has unveiled an e-truck called Homtruck, with production start and first deliveries scheduled for early 2024. The Homtruck will be available in both an all-electric version with a battery swap option and a hybrid version with a methanol fuel cell.
Electric car brand Polestar aims to increase its annual sales to 290,000 vehicles by the end of 2025 with expansion in existing and new markets and the launch of three new models. Polestar is expected to be present in 30 markets by the end of 2023, up from 14 currently.
Volvo and Polestar are each working on an all-electric compact SUV, according to a British media report. However, according to the report, these will not be built on the same platform, but will each be standalone. However, there are question marks.
Sales of New Energy Vehicles hit a new high for the year in November, with 429,000 NEVs sold in the previous month, significantly surpassing the previous record set in October (368,000 vehicles).
Polestar is developing a new electric motor and battery pack with an 800-volt system, according to a media report, and the Polestar-exclusive powertrain could debut in the Polestar 5.
Smart has discontinued the EQ Forfour and now only offers the Smart EQ Fortwo and its convertible version. Production has now ended in December - heralding the upcoming new start as a joint venture with Geely.
According to Chinese media, Zeekr, a premium electric brand belonging to the Geelys Group, plans to offer its first model, the Zeekr 001, in the EU from the beginning of 2023. By 2025, the brand plans to expand its range to seven models and export a total of 100,000 vehicles.
Chinese carmaker Geely has formed a joint venture with Lifan Technology, a vehicle manufacturer it controls, to build a battery swap ecosystem for electric cars, with the first compatible car set to launch in February.
Baidu and Geely are investing a total of around $400 million in their electric car joint venture, Jidu Auto. The money will go towards the development and mass production of Jidu's first "robot car". The model is expected to be unveiled at the Beijing Auto Show in April this year and go on sale in 2023.
Daimler AG has renamed itself Mercedes-Benz Group AG, effective Feb. 1, 2022. Daimler's renaming completes the company's realignment, but its stake in Smart could soon drop.
Geely brand Lotus is looking to float its technology division Lotus Technology on the stock market in the next 12 to 24 months to raise capital for its electric offensive. Whether the IPO will be completed in Asia, London or New York has not yet been decided - nor has the nature of the IPO.
In February, 317,000 New Energy Vehicles were sold in China, up 189 percent from the same month last year, with the ratio of plug-in hybrids and battery-electric cars within the NEV category remaining nearly constant.
With the presentation of the first series model, the former Daimler small car brand Smart has completed its reorientation: Instead of the iconic two-seaters, Smart will build the small E-SUV #1 in the future, for which the technical data is now available after its premiere.
280,000 New Energy Vehicles were sold in China in April, up 50.1 percent from the same month last year but down 38.5 percent from March 2022, making April the weakest month of the year so far.
Electric car brand Polestar delivered around 21,200 vehicles in the first six months of 2022, nearly 125 percent more than the 9,510 vehicles delivered in the same period last year, as Polestar reiterates its reduced target of delivering 50,000 e-cars in the full year.
The Chinese carmaker Geely wants to accelerate the transition to electric cars. According to the plan, every second vehicle sold is to be an e-car by 2023. One reason for the set target is a slump in sales of pure combustion cars by 20 percent.