Tag: Volvo

Geely unveils new Xing Rui sedan for Chinese market

Geely Auto Group, China’s leading privately held and fastest growing automotive brand, today unveiled the production model based on its Preface Concept Sedan at the 2020 Beijing Auto Show. The Compact Modular Architecture- (CMA) based sedan has been named Xing Rui for the Chinese market.  This is the second CMA-based model within the Geely range… Continue reading Geely unveils new Xing Rui sedan for Chinese market

Volvo Cars readies first green bond to support electric car strategy

By Reuters Staff 2 Min Read FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer STOCKHOLM (Reuters) – Volvo Cars, owned by China’s Geely Holding, said on Thursday it had established a new framework to help it fund its electrification strategy… Continue reading Volvo Cars readies first green bond to support electric car strategy

Intel: Mobileye, Geely to Offer Most Robust Driver-Assistance Features

Chinese automaker Geely Auto Group unveiled its premium electric vehicle, the Zero Concept from Lynk & Co, in September 2020 at the Beijing Auto Show. The Zero Concept EV will feature Lynk & Co’s CoPilot solution powered by Mobileye SuperVision surround-view advanced driver-assistance system with over-the-air update capabilities. (Credit: Geely Auto Group) BEIJING, Sept. 24,… Continue reading Intel: Mobileye, Geely to Offer Most Robust Driver-Assistance Features

Geely launches electric vehicle manufacturing platform

By Reuters Staff 2 Min Read Slideshow ( 3 images ) BEIJING (Reuters) – China’s Zhejiang Geely Holding Group on Wednesday launched its first electric vehicle-focused platform to enable automakers to more efficiently roll out models for different purposes or markets. As the global auto industry pursues electric and intelligent vehicles, the likes of Volkswagen… Continue reading Geely launches electric vehicle manufacturing platform

Toray boosts carbon fiber output for fuel cell vehicles by 50%

TOKYO — Japanese materials maker Toray Industries will ramp up production of carbon fiber for fuel cell vehicles in the U.S. and Japan by 50% this fiscal year, Nikkei has learned, pivoting to a field expected to see growth as demand from the aviation industry tumbles. The company will switch over production lines for aircraft materials to make… Continue reading Toray boosts carbon fiber output for fuel cell vehicles by 50%

Chinese EV startup WM Motor raises $1.5bn in biggest funding round

HONG KONG — Electric vehicle startup WM Motor, one of China’s ambitious challengers to Tesla, said it raised 10 billion yuan ($1.47 billion) from a group of state-backed investors — among others — after the successful stock market listings of bigger domestic rivals. The latest round of fundraising was led by the investment arm of the… Continue reading Chinese EV startup WM Motor raises $1.5bn in biggest funding round

LG Chem to spin off battery unit amid rising EV demand

SEOUL — LG Chem is to spin off its battery business in December, seeking to capitalize on rising interest in the sector as global demand for electric vehicles rises. The South Korean company said on Thursday that its board had approved the plan for a new subsidiary, tentatively named LG Energy Solution. The decision is subject to shareholder approval… Continue reading LG Chem to spin off battery unit amid rising EV demand

Mack® LR Electric to Begin Production in 2021

“Mack’s leadership in the refuse segment goes back more than a century, and we’re pleased to build on that heritage today by announcing the commercialization of the LR Electric model,” said Martin Weissburg, president, Mack Trucks. “This clean, quiet and powerful truck demonstrates the very best of Mack innovation and our people, and I couldn’t… Continue reading Mack® LR Electric to Begin Production in 2021