Geely and Foxconn form a JV for the production of EVs

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

Geel announced that it intends to establish a new strategic partnership with Baidu, China's pre-eminent search engine, information-centered internet platform and AI company. The strategic partnership will focus primarily on the joint research and development and production of intelligent and connected electric vehicles. The new strategic partnership will make use of Geely's recently announced pure electric...

12 January 2021

Bloomberg reports that Foxconn is allegedly in talks with Byton to invest around $200 million in the troubled China-based EV start-up. This investment should help Byton to start the production of the Byton M-Byte in Q1 of 2022. Foxconn is mainly known as the company that assembles Apple's iPhones. In October, the company introduced its MIH open platform for EVs and even shared plans for a solid-state battery launch...

4 January 2021

A year ago, we reported that Foxconn - the manufacturer of Apple's iPhones - plans to enter the EV market with a focus on software-hardware integration in vehicles. Foxconn seems to be all-ready with its plan as it has introduced its own software and hardware open platform for electric vehicles called MIH. By allowing developers access to key technologies and tools for developing EVs on MIH, Foxconn reduces the...

20 October 2020

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

Fiat Chrysler Automobiles (FCA) officially confirmed that it is in a discussion process with Foxconn (Hon Hai Precision Ind. Co., Ltd.) regarding the potential creation of an equal joint venture to develop and manufacture in China new generation battery electric vehicles and engage in the IoV (Internet of Vehicles) business. Moreover, FCA said that the two parties are in the process of signing a preliminary...

17 January 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 International Conference on the Internet of Vehicles opens up today in Taiwan and will close on November 21st. It will discuss topics related to Vehicle Behavior Model and Environment Awareness, Cooperative Driving, Intelligent and Autonomous Vehicles, Telematics, Wireless Communication Networks for IOV, Services and applications of IOV, Complex systems and systems-of-systems for IOV, Theory, technology...

18 November 2019

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