GAC Group plans to invest USD 1 billion in NIO

At IAA Mobility 2021, Mercedes-Benz presented the first concept vehicle from the new-generation, all-electric smart models - the smart Concept #1. The smart Concept #1 is an urban SUV on a purpose-built BEV architecture. This allows an extremely compact exterior with short overhangs and very generous interior space. In addition, Mercedes-Benz Design has applied a very puristic approach to arrive at the new iconic...

6 September 2021

GAC Group officially announced an exciting joint project with tech giant Huawei: the two firms will work together to develop a "smart SUV", aiming to hit the market in mass production by the end of 2023. The SUV will be the first joint product of the two enterprises. A medium- to large-size, pure electric SUV, the vision behind the car is one of futuristic, powerful, and efficient technology, that will bring...

5 August 2021

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

NIO today announced its June and second quarter of 2021 delivery results. The company has delivered 8,083 vehicles in June 2021, representing a 116.1% year-over-year growth. The deliveries consisted of 1,498 ES8s, 3,755 ES6s, and 2,830 EC6s. NIO delivered 21,896 vehicles in the three months ended June 2021, a new quarterly record representing a strong increase of 111.9% year-over-year. As of June 30, 2021...

1 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

NIO announced that it received European Whole Vehicle Type Approval (EWVTA) for the NIO ES8. The EWVTA certification marks an essential foundation for NIO's entry into Norway and the European market at large. The NIO ES8 for Europe is officially approved for mass production and license plate registration in all EU countries. On May 6, NIO announced its entry into Norway, NIO's first overseas market. NIO will deliver...

11 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

GAC Group held its third annual GAC Tech Day at the GAC R&D Center. This year, the event was focused on battery tech for EVs. First, GAC unveiled its neutron star strategy, aimed at creating a new era of low-carbon, new energy travel. GAC will continually work towards creating a battery that is like a neutron star: small, yet densely packed with extreme speed and power. Secondly, GAC unveiled its sponge silicon...

13 April 2021

NIO delivered 7,257 vehicles in March 2021, a new monthly record representing a strong 373% year-over-year growth. The deliveries consisted of 1,529 NIO ES8 units, the company's 6-seater and 7-seater flagship premium smart electric SUV, 3,152 NIO ES6 units, the company's 5-seater high-performance premium smart electric SUV, and 2,576 EC6s, the company's 5-seater premium smart electric coupe SUV. NIO delivered 20,060...

1 April 2021

Silk EV, an international automotive engineering and design company, and FAW, China's largest car manufacturer, announced today that they have launched a joint venture to develop a series of ultra-luxury, high-performance, new energy sports vehicles for the China and global markets. The Silk-FAW Joint Venture plans to launch the new full electric and hybrid luxury models under the Hongqi S series - the first model...

3 February 2021

Today, NIO provided its January 2021 delivery results. The brand has delivered 7,225 vehicles in January 2021, a new monthly record representing a 352.1% YoY growth. The deliveries consisted of 1,660 ES8 units, 2,720 ES6 units, and 2,845 EC6 units. As of January 31, 2021, cumulative deliveries of the ES8, ES6 and EC6 reached 82,866 vehicles.

1 February 2021

GAC Group announced a major achievement in battery technology. It has made a breakthrough process in its graphene-based super-fast-charging battery and has now entered the phase of actual vehicle testing. Aion V, the first vehicle to be equipped with the new battery, is undergoing winter testing and is initially scheduled for mass production in September this year. Graphene initially costs up to a few hundred...

28 January 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