Tag: Geely

Geely launches electric vehicle manufacturing platform

By Reuters Staff 2 Min Read Slideshow ( 3 images ) BEIJING (Reuters) – China’s Zhejiang Geely Holding Group on Wednesday launched its first electric vehicle-focused platform to enable automakers to more efficiently roll out models for different purposes or markets. As the global auto industry pursues electric and intelligent vehicles, the likes of Volkswagen… Continue reading Geely launches electric vehicle manufacturing platform

Toray boosts carbon fiber output for fuel cell vehicles by 50%

TOKYO — Japanese materials maker Toray Industries will ramp up production of carbon fiber for fuel cell vehicles in the U.S. and Japan by 50% this fiscal year, Nikkei has learned, pivoting to a field expected to see growth as demand from the aviation industry tumbles. The company will switch over production lines for aircraft materials to make… Continue reading Toray boosts carbon fiber output for fuel cell vehicles by 50%

Chinese EV startup WM Motor raises $1.5bn in biggest funding round

HONG KONG — Electric vehicle startup WM Motor, one of China’s ambitious challengers to Tesla, said it raised 10 billion yuan ($1.47 billion) from a group of state-backed investors — among others — after the successful stock market listings of bigger domestic rivals. The latest round of fundraising was led by the investment arm of the… Continue reading Chinese EV startup WM Motor raises $1.5bn in biggest funding round

EV maker Polestar plans to double showrooms and move into new markets: CEO

By Yilei Sun, Brenda Goh 3 Min Read BEIJING (Reuters) – Polestar, the performance electric vehicle maker based in Sweden and owned by China’s Geely, plans to double the number of showrooms in existing markets this year and expand to new countries in Asia and the Middle East, its CEO said on Tuesday. Slideshow (… Continue reading EV maker Polestar plans to double showrooms and move into new markets: CEO

@Geely: Tue 22 Sep 2020Lotus Evija: stunning new film reveals driving characteristics of the world’s first British electric hypercar Read more

Lotus Evija engineering development film [embedded content] Lotus-Evija-engineering-development-film.mp4 • Gavan Kershaw, Director of Vehicle Attributes, delivers new insight into driving characteristics and why Evija is a true Lotus • Shot on the Hethel test track, on-board cameras reveal new views of the Evija • Film premieres as Evija wows the crowds at UK’s Salon Prive… Continue reading @Geely: Tue 22 Sep 2020Lotus Evija: stunning new film reveals driving characteristics of the world’s first British electric hypercar Read more

LG Chem to spin off battery unit amid rising EV demand

SEOUL — LG Chem is to spin off its battery business in December, seeking to capitalize on rising interest in the sector as global demand for electric vehicles rises. The South Korean company said on Thursday that its board had approved the plan for a new subsidiary, tentatively named LG Energy Solution. The decision is subject to shareholder approval… Continue reading LG Chem to spin off battery unit amid rising EV demand

@Geely: VN5 electric van completes final testing phase

17th September 2020, Ansty VN5, the new electric van from LEVC (London Electric Vehicle Company) has successfully completed another milestone ahead of its production start in Q4: final testing. Verification prototypes, built on the same production line as the TX at LEVC’s state-of-the-art factory in Ansty, Coventry, have spent the last 32 months undergoing a strict… Continue reading @Geely: VN5 electric van completes final testing phase

GM’s Barra talks flying cars and transforming the automaker

The idea of flying cars is back on the table at General Motors in its pursuit of zero crashes, zero emissions and zero congestion. The automaker is considering options in the aerial taxi market. Yeah, that’s right, flying cars. Those options could include making the air taxis or partnering with another firm to make them, a spokesman for GM confirmed. … Continue reading GM’s Barra talks flying cars and transforming the automaker

Mack® LR Electric to Begin Production in 2021

“Mack’s leadership in the refuse segment goes back more than a century, and we’re pleased to build on that heritage today by announcing the commercialization of the LR Electric model,” said Martin Weissburg, president, Mack Trucks. “This clean, quiet and powerful truck demonstrates the very best of Mack innovation and our people, and I couldn’t… Continue reading Mack® LR Electric to Begin Production in 2021