Tag: Volvo

Tesla supplier ready to make million-mile battery

A Chinese car battery-maker says it is ready to manufacture a product capable of powering a vehicle for 1.2 million miles (two million kilometres) across the course of a 16-year lifespan. By contrast, most automakers only offer warranties ranging from 60,000 to 150,000 miles over a three to eight-year period on their cars’ batteries. Contemporary… Continue reading Tesla supplier ready to make million-mile battery

@Daimler: Daimler Truck AG establishes new company Daimler Truck Fuel Cell GmbH & Co. KG

Andreas Gorbach and Prof. Dr. Christian Mohrdieck are the managing directors of the new fuel cell subsidiary. The new company is later to transition into a joint venture planned with Volvo Group. Martin Daum, Chairman of the Board of Management of Daimler Truck AG and Member of the Board of Management of Daimler AG: “The… Continue reading @Daimler: Daimler Truck AG establishes new company Daimler Truck Fuel Cell GmbH & Co. KG

Volvo: Lockdown has changed car sales forever

Asked whether the online sales service has helped push sales during lockdown Elvefors said: “It has, and I’m sure that approach is here to stay now. Even with dealerships opening, the social-distancing rules are likely to limit demand, and there are people, such as those on high-risk grounds, who will be unwilling or unable to… Continue reading Volvo: Lockdown has changed car sales forever

Vertu Motors announces acquisition intention in 2019 financial results

Vertu Motors declared an intention to add new manufacturer partners as it grows through acquisition in a 2019 results statement following its first two days of showroom trading since the COVID-19 lockdown. Group chief executive, Robert Forrester, told AM “there’s no point being pessimistic” as he discussed the results of the group’s financial year to… Continue reading Vertu Motors announces acquisition intention in 2019 financial results

Geely’s Volvo Cars sales soar 40% in May vs month-ago as virus curbs ease

An employee at a Volvo car dealer, wearing a protective mask is seen in the showroom, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman STOCKHOLM (Reuters) – Volvo Cars, owned by China’s Geely Holding, said on Wednesday it sold 40% more cars in May than in April, as restrictions… Continue reading Geely’s Volvo Cars sales soar 40% in May vs month-ago as virus curbs ease

Car maker: puzzles about rapid price increase at Daimler

Daimler shines again The share of the car group is on the upswing. (Photo: AP) Beijing, Munich The automaker’s share Daimler is currently in high demandt. Since mid-May, paper has skyrocketed by more than 30 percent. On Tuesday alone, the increase was now almost nine percent. There is a lot of speculation in the market… Continue reading Car maker: puzzles about rapid price increase at Daimler

SoftBank led $500M investment in Didi in China’s biggest autonomous driving round

The race to automate vehicles on China’s roads is heating up. Didi, the Uber of China, announced on Friday an outsized investment of over $500 million in its freshly minted autonomous driving subsidiary. Leading the round — the single largest fundraising round in China’s autonomous driving sector — is its existing investor Softbank, the Japanese… Continue reading SoftBank led $500M investment in Didi in China’s biggest autonomous driving round