Tag: Geely

Daimler to invest more than 40 billion euros by 2030 in electric vehicles

By Nick Carey 3 Min Read LONDON (Reuters) -Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) between 2022 and 2030 to develop battery electric vehicles (EVs), and be ready for an all-electric car market by the end of that period. Slideshow ( 2 images ) Outlining its strategy for an… Continue reading Daimler to invest more than 40 billion euros by 2030 in electric vehicles

UVeye gets $60 million investment in Series C funding to support global expansion

Israel-based UVeye, a supplier of high-speed vehicle inspection systems for the auto industry has received $60 million (Rs 445 crore) in additional funding to support its global expansion plans. The company says CarMax, W.R. Berkley Corporation and F.I.T. Ventures are among the participants in UVeye’s Series C funding round. UVeye counts Volvo Cars, Hyundai Motors… Continue reading UVeye gets $60 million investment in Series C funding to support global expansion

Eyeing IPO, Volvo Cars to take full control of its Chinese business

Volvo Cars has struck a deal to buy out parent company Zhejiang Geely Holding from their joint ventures in China, in a move that could make a potential initial public offering (IPO) for the Swedish automaker more attractive to investors. Hangzhou-based Geely, which also owns a 9.7% stake in Daimler, said earlier this year it was… Continue reading Eyeing IPO, Volvo Cars to take full control of its Chinese business

@Geely: Geely Launches Newest High-End Flagship SUV – Xingyue L

• Geely Auto launched its newest high-end flagship SUV – Xingyue L• Empowered by advanced technologies to offer unparalleled luxury and user experience• First Geely model capable of going beyond L2 autonomy with 100% automated valet system and HWA Highway Assist• Geely Xingyue L to be one of the first to offer Geely GHS2.0 hybrid… Continue reading @Geely: Geely Launches Newest High-End Flagship SUV – Xingyue L

Running low on battery power: Brexit Britain faces an acid test

By Nick Carey and Barbara Lewis New Delhi: Britain has set a fast pace in the electric vehicle race with its 2030 ban on sales of new fossil fuel-powered cars and has offered 1 billion pounds ($1.4 billion) to jump start its battery industry and associated supply chain. But the cash and the headline-grabbing deadline… Continue reading Running low on battery power: Brexit Britain faces an acid test

@Geely: Kandi Expands Battery Cell Business with Acquisition of Jiangxi Huiyi

JINHUA, CHINA, July 19, 2021 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced the expansion of its battery cell business with the acquisition of a leading cell producer in Jiangxi Province, China. Kandi is a leader in electric vehicles and associated parts, including the cell business… Continue reading @Geely: Kandi Expands Battery Cell Business with Acquisition of Jiangxi Huiyi

UAW-represented Volvo workers OK contract they rejected earlier, ending strike

A UAW strike that began early last month at Volvo’s largest truck plant is coming to an end after workers there ratified a contract Wednesday. The approval of a six-year contract at the plant in southwestern Virginia came after three previous votes on tentative agreements were rejected by the members.  This time, workers were asked to… Continue reading UAW-represented Volvo workers OK contract they rejected earlier, ending strike