Volvo Cars, which is aiming to go fully electric by 2030, has divested its 33 percent holding in Aurobay to Geely Holding. Aurobay, which develops and produces powertrain solutions for a global market, is a global supplier of propulsion technology, development services and contract manufacturing with manufacturing capabilities in two continents. It produces high-efficiency,… Continue reading Volvo Cars divests its stake in engine maker Aurobay to Geely
Tag: Geely
Clean Technica: UK BEV Volume Up YoY Despite Tesla Mid-Quarter Restocking002362
The UK auto market saw plugin electric vehicles take 21.5% share in October, with growing year on year volumes. Despite volume gain, YoY plugin share saw a slight dip (from 23.1%), against greater YoY gains in overall auto volume, up 26% to 134,344 units (from a record low baseline). October market volume was still at… Continue reading Clean Technica: UK BEV Volume Up YoY Despite Tesla Mid-Quarter Restocking002362
Gallery
BEIJING, Nov 8 (Reuters) – Renault SA (RENA.PA) and China’s Geely have agreed to launch a new, equally held joint-venture that will supply gasoline engines and hybrid technology to the brands they own and other automakers, the two companies said in a statement. The joint-venture will employ 19,000 people at 17 powertrain factories and three… Continue reading Gallery
From Teslas to BMWs, cars are piling up on land and at sea in German port of Bremerhaven
Krisztian Bocsi | Bloomberg | Getty Images The Port of Bremerhaven, the main roll on/roll off port in Germany and one of the largest automobile hubs in the world, is experiencing gridlock. The combination of the lack of drivers to move containers and cars out of the port and high volumes of regular trade is… Continue reading From Teslas to BMWs, cars are piling up on land and at sea in German port of Bremerhaven
Nissan may snub Renault revamp over sharing tech with Geely
This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Nissan may snub Renault revamp over sharing tech with Geely
The Worldwide Electric Commercial Vehicle Industry is Expected to Reach $279+ Billion by 2028
DUBLIN, Nov. 7, 2022 /PRNewswire/ — The “Global Electric Commercial Vehicle Market By Vehicle Type, By Propulsion Type, By Region Competition Forecast & Opportunities, 2027” The global electric commercial vehicle market stood around USD 85,759 million in 2021 and is estimated to reach USD 278,583 Million by 2027, registering a CAGR of 22.02%. Rapidly increasing… Continue reading The Worldwide Electric Commercial Vehicle Industry is Expected to Reach $279+ Billion by 2028
Auto Roundup: Key Tidbits From Q3 Reports of GT, CMI, LEA, CVNA & TEN
Last week, many auto biggies released U.S. vehicle sales data for the month of October 2022. Among the automakers that revealed monthly sales numbers, Toyota, Mazda, Hyundai, Kia, Subaru and Volvo registered year-over-year gains, while Ford and Honda posted a decline in sales. Per Motor Intelligence, the seasonally adjusted annualized rate of sales reached 15.28… Continue reading Auto Roundup: Key Tidbits From Q3 Reports of GT, CMI, LEA, CVNA & TEN
Auto Roundup: Key Tidbits From Q3 Reports of GT, CMI, LEA, CVNA & TEN
Last week, many auto biggies released U.S. vehicle sales data for the month of October 2022. Among the automakers that revealed monthly sales numbers, Toyota, Mazda, Hyundai, Kia, Subaru and Volvo registered year-over-year gains, while Ford and Honda posted a decline in sales. Per Motor Intelligence, the seasonally adjusted annualized rate of sales reached 15.28… Continue reading Auto Roundup: Key Tidbits From Q3 Reports of GT, CMI, LEA, CVNA & TEN
Renault’s talks with Geely complicated by Nissan’s concerns about tech transfer
Nissan Motor Co’s concerns about technology transfers have complicated its partner Renault’s plans to sell a large stake in its gasoline-engine business to China’s Geely, three people familiar with the talks said. Renault is pursuing a complex two-pronged restructuring. On one hand, it is aiming to revamp its alliance with Nissan and convince the Japanese automaker to invest in a new electric car unit called… Continue reading Renault’s talks with Geely complicated by Nissan’s concerns about tech transfer
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BEIJING, Nov 7 (Reuters) – China’s Farizon, a new-energy truck maker owned by automaker Geely (GEELY.UL), aims step up expansion beyond its home base with a light cargo van planned for Europe as early as 2024, the truck producer’s chief executive said. Farizon’s Fan Xianjun told Reuters in an interview the first step in a… Continue reading Untitled