BEIJING/SHANGHAI (Reuters) – The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan ($1.3 billion) factory in Wuhan city, company job advertisements and government documents showed. A building of the Geely Auto Research Institute is seen… Continue reading British Lotus cars to be ‘Made in China’ at new Geely plant: documents
Tag: Volvo
Volvo Group Invests In Momentum Dynamics For Wireless Charging
Volvo is interested in wireless charging Volvo Group‘s subsidiary Volvo Group Venture Capital announced investment in U.S.-based wireless charging specialist Momentum Dynamics. Volvo didn’t disclose details of the transaction, besides the fact that it “has no significant impact on the Volvo Group’s earnings or financial position”, so we assume it’s just minority stake – important cash… Continue reading Volvo Group Invests In Momentum Dynamics For Wireless Charging
Press Releases – Steel import restrictions now definitive, leaving EU auto manufacturers “extremely disappointed”
Brussels, 16 January 2019 – The European Automobile Manufacturers’ Association (ACEA) is extremely disappointed by the decision of EU member states to support the European Commission’s proposal to adopt definitive measures that will continue to restrict imports of steel into the EU. These measures do not take into account the needs of downstream users of… Continue reading Press Releases – Steel import restrictions now definitive, leaving EU auto manufacturers “extremely disappointed”
Faraday’s Saab future, Nissan-Infiniti hybrids, global Geely: Today’s Car News
Infiniti Q Inspiration, 2018 Detroit auto show
Nissan is working on a more powerful hybrid system for U.S. models. Geely gives a peak at its first electric model planned to go on sale worldwide. And our Twitter poll last week answered which electric pickup may cross the finish line first. All this and more on Green Car Reports.
After ending a dispute with Faraday Future, Hong Kong investment firm Evergrande Health appears to be taking its money elsewhere—to Saab's Chinese guardian NEVS. which is cranking out old Saab 9-3s with electric power. The cars are among the primary vehicles used by Chinese ride-sharing service Didi.
In another Chinese-Swedish tie-up, Geely, which owns Volvo, revealed a peak at the first electric sedan it plans to sell worldwide. The company has announced that Volvo will add electric power to its entire lineup this year.
Nissan's head of product planning says the company is upgrading its e-Power hybrid system to deliver more, seamless power for U.S. models—which could primarily be Infinitis to start with, since that brand has said it will convert its lineup to mainly electric cars and hybrids starting in 2021.
In our Twitter poll last week, readers revealed which electric pickup they think may make it to market first.
BMW boss Klaus Froelich revealed plans to build an electric supercar based on the company's current i8.
Finally, the CEO of the National Automobile Dealers Association says car prices are climbing to an unsustainable level, and fears that many Americans will be shut out of the market.
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Volvo Group Venture Capital invests in Momentum Dynamic
Wireless electric charging allows any type of vehicle to automatically and without supervision connect to the electrical power grid. CHENNAI: Volvo Group Venture Capital AB, a subsidiary of the Volvo Group, has announced an investment in Momentum Dynamics Inc – a leading company in high power wireless charging of electric vehicles. Momentum Dynamics is a… Continue reading Volvo Group Venture Capital invests in Momentum Dynamic
Lynk & Co 04 hatchback tests ahead of 2020 European launch
First prototypes of a new Lynk & Co hatchback, expected to be dubbed 04, have been photographed testing ahead of an expected European market debut in 2020. Original expectations for the brand, part of Volvo’s Chinese parent Geely, were for it to focus on building SUVs and saloons – market priorities for China and the US.… Continue reading Lynk & Co 04 hatchback tests ahead of 2020 European launch
Sweden’s Volvo invests in wireless vehicle charging company
Move comes amid a flurry of activity in electric vehicle industry Go to Source
Momentum Dynamics Receives Investment from Volvo Group Venture Capital
Momentum Dynamics, Inc., a Philadelphia, PA-based company developing high power wireless charging of electric vehicles, received an investment from Volvo Group Venture Capital AB, a subsidiary of the Volvo Group. The amount of the deal was not disclosed. Momentum Dynamics is developing and commercializing high power inductive charging for the automotive and transportation industries, especially… Continue reading Momentum Dynamics Receives Investment from Volvo Group Venture Capital
Geely Holding Group Total Sales Reach 2.15 million Units in 2018
Geely portfolio of brand sales grow 18.3% in 2018 to 2.15 million units Combined Group sales doubled in 4 year period Geely Car Group sold 1.5 million units, up 20% Volvo Cars reached over 600,000 units, up 12.4% 14 January 2019, Hangzhou China. Zhejiang Geely Holding Group (Geely Holding) today announced that aggregate sales across… Continue reading Geely Holding Group Total Sales Reach 2.15 million Units in 2018
Audi India sales decline 18% to 6,463 units in 2018
NEW DELHI: German luxury car maker Audi reported an 18 per cent decline in total sales in India to 6,463 units during 2018, hit by closure of its largest dealership in the country besides phase-out of some of the models during the year. The company had sold 7,876 units in the country in 2017. “We… Continue reading Audi India sales decline 18% to 6,463 units in 2018