Geely and Baidu form a strategic partnership focused on the development and production of EVs

Expecting next year's full lift of the Chinese requirement for local operations to be done via JVs with Chinese companies, Volvo Cars announced it will take full ownership of its Chinese manufacturing and sales operations. Volvo Cars has signed an agreement with its parent Geely Holding to acquire Geely Holding's stake in the companies’ joint ventures in China, with the aim of taking full ownership of its car...

22 July 2021

Polestar announced today that the all-electric Polestar 3 SUV will be manufactured in the USA alongside new Volvo vehicles at the Volvo Cars production center in Ridgeville, South Carolina. Polestar vehicles built in South Carolina will be for sale in the United States. Polestar 3 will debut the new generation of electric vehicle architecture from Volvo Car Group, which has been designed from scratch for full...

16 June 2021

More than three months ahead of its scheduled world premiere at the IAA Mobility 2021 in September, smart is offering a first sneak peek at the design of its new all-electric SUV show car. The smart eSUV will be the first concept from smart Automobile Co., Ltd., a joint venture founded in December 2019 between Mercedes-Benz AG and Geely Holding Group. The first of the next-generation models will be a true smart SUV...

21 May 2021

Zeekr, the new pure electric premium brand from Geely Holding Group launched its first car, the 001, at an event held at the Zeekr Intelligent Factory in Hangzhou Bay, China. As part of its brand offering, Zeekr will take aim at the premium EV segment in China and selected global markets. Zeekr 001 - the world's first mass produced pure electric shooting brake is designed in Sweden at Geely Design Gothenburg with...

19 April 2021

Zhejiang Geely Holding Group (Geely Holding) and Foxconn Technology Group (Foxconn) signed a strategic cooperative agreement that will establish a joint venture company to provide OEM production and comprehensive customized consulting services relating to whole vehicles, parts, intelligent drive systems, automotive ecosystem platforms, electric vehicle industry value chain, etc to global automotive enterprises. The...

18 January 2021

Jointly founded by SAIC Motor, Zhangjiang Hi-Tech and Alibaba Group, IM Motors (Zhiji Motors in Chinese), a premium intelligent pure electric vehicle brand, was simultaneously premiered in Shanghai China, CES in Las Vegas and London, UK. At the brand launch, IM Motors unveiled two ready-for-production models - the Intelligent Pure Electric Car and SUV. The English brand name IM Motors stands for Intelligence in...

18 January 2021

Geely has unveiled its first dedicated EV platform - the Sustainable Experience Architecture (SEA) that will underpin at least 16 new EVs from the brand and its related brands such as Volvo, Polestar, Proton, and production-ready Lynk & Co models. This architecture is already used by the Lynk & Co Zero Concept will be used by at least 16 all-new electric vehicles from Geely. According to Li Shufu, Geely chairman...

27 September 2020

The new global smart joint venture between Geely and Mercedes-Benz in China has established smart Europe GmbH as a wholly-owned subsidiary to supply, sell and service future smart vehicles in the European market. It will be located in Leinfelden-Echterdingen, Stuttgart. A new all-electric vehicle architecture will become the foundation for smart's entry into the premium B-segment range with its first products...

27 July 2020

In a press release from today, Volvo Car said that it is pondering on combining its business with Geely Automobile as this will "accelerate financial and technological synergies between the two companies. The considered combination would have the scale, knowledge and resources to be a leader in the ongoing transformation of the automotive industry. The combination would preserve the distinct identity of each of the...

10 February 2020

On January 15, Chinese media reported that GAC Group plans to invest 1 billion US dollars in NIO. It is believed that with the launch and delivery of the NIO EC6, the brand's demand for funds will increase, and the next round of financing will become the focus of external attention. At the Q3 financial report meeting, the company's Chief Financial Officer (CFO) Feng Wei said that NIO has made significant progress in...

15 January 2020

The EV Sales blog has published statistics for the Chinese market in June 2019. As a whole, June has been better than May in terms of sales growth. They are up 72% YoY mainly due to the sales growth of BEVs, whose growth is 97% YoY. The PEV share has reached a record 8.5% market share in June and the author predicts that in some months it might hit 10% or more. This growth in the previous month is explained with the...

18 July 2019

According to the latest statistical data from the The Traffic Management Bureau of the Ministry of Public Security reported by the China Association of Automobile Manufacturers (CAAM), Chinese manufacturers prodiced 113,000 BEVs and 20,000 PHEVs, up by 78% and down by 8.9% on yearly basis, respectively. The sales for the month are as follows: 129,000 BEVs and 22,000 PHEVs, up by 106.7% and 2.2% on yearly basis...

12 July 2019

At the Goodwood Festival of Speed Lotus showcased its Type 130 hypercar and unveiled its name - Evija. Pronounced "ev-eye-a", it means "the first in existence" or "the living one". Indeed, this is the first all-electric hypercar from a British car maker and the first major Lotus model launch under the Geely ownership. Lotus teased the car at this year's auto show in Shanghai and has already committed to building 130...

4 July 2019

Korea's main news agency Yonhap reports that LG Chem and Chinese automaker Geely are to create a 50:50 joint venture based in China for producing EV batteries. Each of the companies will invest some US$87 million. The construction of the factory which will have a 10 gigawatt hours capacity will set off later this year and LG Chem expects that the first battery packs produced there will power Geely vehicles in 2022...

12 June 2019