SHANGHAI (Reuters) – General Motors (GM.N) is overhauling its Chinese line-up with a greater emphasis on electric cars and smart-driving technology to stem a slide in sales after more than two decades of growth in a country that contributes nearly a fifth of its profit. FILE PHOTO: A new Cadillac XT6 SUV of GM is… Continue reading Exclusive: GM bets on electric Cadillacs and micro-vans to reverse China slide
Tag: Geely
Car firms turning to new tech for ethical sourcing of vital EV mineral
Demand for battery-electric vehicles is set to grow rapidly in the coming years due to the need to cut emissions, driven by both government legislation and changing consumer expectations. But the move from combustion engine to electric power isn’t problem-free, given the huge amount of cobalt used in lithium ion batteries. Cobalt is a key… Continue reading Car firms turning to new tech for ethical sourcing of vital EV mineral
Geely slashes sales target as profits plunge
Ambitious Chinese owner of Volvo Cars hit by slow pace of pandemic recovery in home market Go to Source
@Geely: Geely Automobile Holdings Announced Interim Results for the First Half of 2020
• Geely Automobile Holdings Limited (Group) reports half-year revenue of RMB 36.81 billion and profit of RMB 2.29 billion.• Wholesale market share up from 6.1% to 6.5% in first half• Total sales in 2020 1H reached 530,446 units• The Group management has revised 2020 full year sales target to 1.32 million units. 2020 August 17,… Continue reading @Geely: Geely Automobile Holdings Announced Interim Results for the First Half of 2020
@Geely: First look at the Geely Preface
Sports orientated sedan will reset the clock on Geely Auto performance Second vehicle to use Geely-Volvo jointly developed CMA architecture Confirmed launch for fourth quarter of 2020 August 14th 2020, Hangzhou, China. Geely Auto (Geely) today unveiled the Geely Preface, a forthcoming flagship sedan that will be based on Geely Holding Group’s award winning Compact… Continue reading @Geely: First look at the Geely Preface
VECV to acquire bus business of Volvo Group India
VE Commercial Vehicles Limited (VECV), a subsidiary of Eicher Motors has entered into a Business Transfer Agreement with Volvo Group India for acquisition of the bus business of Volvo Group (VGIPL) for a cash consideration of Rs 100.5 crore. The agreement entails manufacture, assembly, distribution and sale of Volvo buses in India, and other rights forming part… Continue reading VECV to acquire bus business of Volvo Group India
@Geely: LEVC announces new VN5 converter strategy
LEVC (London Electric Vehicle Company) is developing a comprehensive conversion programme for its highly anticipated VN5 electric van. LEVC has already deployed a small fleet of converted TXs to provide VN5 ‘prototype’ vehicles for trials with partners such as DPD, Royal Mail and Octopus Energy to showcase the electric van’s competence in difference working environments.… Continue reading @Geely: LEVC announces new VN5 converter strategy
VW extends China market lead with new low-cost brand Jetta
HAMBURG, Germany — While most carmakers are struggling to get consumers into showrooms and opening their wallets amid worries from the coronavirus pandemic, Germany’s Volkswagen has managed in recent months to extend its lead as China’s top auto seller. Critical to this advance has been Jetta, a new entry-level brand VW launched in China last… Continue reading VW extends China market lead with new low-cost brand Jetta
@Geely: Kandi Technologies Reports Second Quarter 2020 Financial Results
• Off-road vehicles sales increased 27.3% to $6.6 million … Continue reading @Geely: Kandi Technologies Reports Second Quarter 2020 Financial Results
@Geely: Geely Automobile Holding Sales Volume For July 2020 Was 105,218 Units
2020 August 06, Hong Kong. Geely Automobile Holding Limited (Group) announced that the the total sales volume of the Group (including the sales volume of LYNK & CO-branded vehicles sold by the Group’s 50%-owned joint venture) for the month of July 2020 was 105,218 units, an increase of approximately 15% from the same period last… Continue reading @Geely: Geely Automobile Holding Sales Volume For July 2020 Was 105,218 Units