The American automaker ford tries to avoid the impending CO2 penalties in Europe through an alliance with the Swedish competitor Volvo. The companies registered their alliance with the European Union on Thursday. Ford will meet the stricter rules for CO2 emissions that have been in effect since this year together with Volvo, according to company… Continue reading German Manager Magazin: Ford and Volvo agree on CO2 alliance000289
Tag: Geely
Nidec plans $2bn EV motor factory in Europe for bet beyond China
KYOTO — Japan’s Nidec will spend about 200 billion yen ($1.9 billion) to build an electric vehicle motor factory in Serbia, Nikkei has learned, as the company looks to expand its foothold in Europe, whose EV market rivals that of China. The motor manufacturer is apparently in the final stages of talks with local authorities on… Continue reading Nidec plans $2bn EV motor factory in Europe for bet beyond China
@Geely: Kandi Technologies to Report Third Quarter 2020 Financial Results and Hold a Conference Call on November 9, 2020
JINHUA, China, Oct. 30, 2020 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”) announced today that it will report its third quarter 2020 financial results on Monday, November 9, 2020, before the U.S. stock market open.The Company has scheduled a conference call and live webcast to discuss its financial results… Continue reading @Geely: Kandi Technologies to Report Third Quarter 2020 Financial Results and Hold a Conference Call on November 9, 2020
Volvo Group and Isuzu Motors sign final agreements to form strategic alliance
GÖTEBORG, Sweden, Oct. 30, 2020 /PRNewswire/ — The Volvo Group and Isuzu Motors today signed binding agreements to form a strategic alliance within commercial vehicles in order to capture the opportunities in the ongoing industry transformation, in accordance with the Memorandum of Understanding signed in December 2019. The agreements include Isuzu Motor’s acquisition of UD… Continue reading Volvo Group and Isuzu Motors sign final agreements to form strategic alliance
AB Volvo and Isuzu Motors sign final agreements for strategic alliance
By Reuters Staff 1 Min Read Slideshow ( 2 images ) STOCKHOLM (Reuters) – Truckmaker AB Volvo VOLVb.ST and Japan’s Isuzu Motors 7202.T have inked a binding agreement for their previously announced strategic alliance, which includes Isuzu buying Volvo’s UD Trucks for around 20 billion Swedish crowns ($2.29 billion). The final agreement follow a memorandum… Continue reading AB Volvo and Isuzu Motors sign final agreements for strategic alliance
Geely’s EV maker Polestar recalls all Polestar 2 sedans again
By Reuters Staff 1 Min Read FILE PHOTO: A worker wearing a face mask following the coronavirus disease (COVID-19) outbreak cleans the floor near a Polestar 2 electric sedan displayed at a shopping mall in Shanghai, China May 5, 2020. REUTERS/Yilei Sun STOCKHOLM (Reuters) – Electric vehicle maker Polestar, owned by Volvo Cars and its… Continue reading Geely’s EV maker Polestar recalls all Polestar 2 sedans again
@Geely-Volvo: Volvo Cars and Polestar to overachieve on 2020 EU CO2 emissions target
Go to Source
@Geely: LEVC adds Autohaus München to German dealer network
LEVC (London Electric Vehicle Company) today announces a key new dealer appointment in Germany as part of its continuing European expansion strategy. Autohaus München, subsidiary of the scan Automobile GmbH, joins the LEVC network as the representative of the brand in the Munich area. Autohaus München will provide full sales and after sales support for… Continue reading @Geely: LEVC adds Autohaus München to German dealer network
Geely-backed intelligent auto developer ECARX nets $194m Series A led by Baidu
Chinese Internet search giant Baidu has led a 1.3-billion-yuan ($194 million) Series A funding round in ECARX, an intelligent auto solutions provider backed by automaker Geely. The new investment, which valued ECARX at over 10 billion yuan ($1.5 billion), also saw participation from investment firm SIG China, investment bank Lighthouse Capital, the exclusive financial adviser… Continue reading Geely-backed intelligent auto developer ECARX nets $194m Series A led by Baidu
@Geely: Kandi Announces Establishment of Rideshare Company
Jinhua, China, Oct. 26, 2020 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”) announced today the establishment of the company that intends to operate a ridesharing service across China. The operating company will operate under the name Zhejiang Ruiheng Technology Company (“Ruiheng”). The company was established by Zhejiang Ruibo… Continue reading @Geely: Kandi Announces Establishment of Rideshare Company