Tag: Volvo

Hyundai becomes third OEM to invest in Israel’s UVeye

Israel-based UVeye, a developer of automated vehicle-inspection systems, has secured strategic investments from Hyundai Motor Company and several other investors to accelerate the company’s global expansion plans. The company counts Volvo and Toyota Motor Corporation among its early backers. The company has raised more than $40 million (Rs 296 crore) from carmakers and other strategic… Continue reading Hyundai becomes third OEM to invest in Israel’s UVeye

China’s Geely teams up with Tencent on smart car tech

By Reuters Staff 1 Min Read Slideshow ( 4 images ) BEIJING/SHANGHAI (Reuters) – China’s Zhejiang Geely Holding Group, which owns Volvo Cars and holds 9.7% of Daimler, said on Tuesday it has signed an agreement with Tencent Holdings Ltd to develop smart vehicle cockpit and autonomous driving. In the latest such partnership in the… Continue reading China’s Geely teams up with Tencent on smart car tech

BMW becomes the latest automaker to shut down its subscription service

BMW is suspending its two-year-old car subscription service, The Verge has learned. Access by BMW was launched in 2018 in Nashville as a pilot project to test out whether customers would want to have access to a fleet of fancy cars but not necessarily own one. But recent requests to sign up have been met… Continue reading BMW becomes the latest automaker to shut down its subscription service

Apple supplier Foxconn inks partnership with Geely for contract manufacturing of cars

Taiwan’s Foxconn and Chinese automaker Zhejiang Geely Holding Group said on Wednesday they will join hands to provide contract manufacturing for automakers. They will each hold 50% of a venture that will also provide consulting services on electric vehicle (EV) technologies to automakers, the companies said in a statement. It marks the latest move by… Continue reading Apple supplier Foxconn inks partnership with Geely for contract manufacturing of cars

New Lynk&Co Zero electric coupe-SUV begins testing – Autocar

The new Lynk&Co Zero, an electric coupé-SUV built on a new dedicated EV architecture set to underpin future Volvo models, has completed its first dynamic testing in China, ahead of going on sale in the country next year. The Volkswagen ID 4 rival will be the first electric model from Geely’s Chinese premium brand, which… Continue reading New Lynk&Co Zero electric coupe-SUV begins testing – Autocar

HiPhi X Super SUV Dazzles EV Enthusiasts at Hainan New Energy Auto Show

The four-day event held from January 8-11 featured some of the world’s largest carmakers. Located between the BMW, Volvo, and Tesla exhibits, the HiPhi X put on an impressive display as it danced along to a rendition of “I Love You China” and a special Christmas number. These kinds of performances are made possible through… Continue reading HiPhi X Super SUV Dazzles EV Enthusiasts at Hainan New Energy Auto Show

Baidu, Geely join hands to establish intelligent EV company

Beijing: China-based search engine giant Baidu Inc on Monday announced its partnership with multinational auto manufacturer Zhejiang Geely Holding Group (Geely) to establish a company to produce intelligent electric vehicles (EV). Through this partnership, Baidu will provide intelligent driving capabilities to power the passenger vehicles for the new venture, and Geely, which holds the distinction… Continue reading Baidu, Geely join hands to establish intelligent EV company

Baidu to join China EV race with Geely support

HONG KONG — Chinese technology group Baidu, best known for its internet search engine, is set to make a late entry into China’s heated electric car race. Zhejiang Geely Holding Group, China’s largest private automotive group, will act as a strategic partner. The move positions Baidu as the latest Chinese challenger to Tesla at a… Continue reading Baidu to join China EV race with Geely support