Tag: Geely

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

Geely brand Geometry reveals second electric car for July – www.electrive.com

After Geely presented its electric car brand Geometry and its first model Geometry A last year, the brand’s second model, the Geometry C, will be launched on the Chinese market in July. Geometry A was launched in April 2019 and is a sedan. With Geometry C, however, the brand has chosen an almost classic compact… Continue reading Geely brand Geometry reveals second electric car for July – www.electrive.com

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

Geely’s Polestar plans China showroom expansion to compete with Tesla: sources

SHANGHAI Reuters) – Polestar, the premium electric vehicle maker owned by China’s Geely, plans a big expansion of its showroom network in the mainland, sources said, as it prepares for delivery of cars to compete with Tesla Inc’s locally made Model 3. A worker wearing a face mask following the coronavirus disease (COVID-19) outbreak cleans… Continue reading Geely’s Polestar plans China showroom expansion to compete with Tesla: sources

@Geely: LEVC protects and prepares for production restart

London Electric Vehicle Company (LEVC) begins a phased return to work on the 8th June at its Ansty manufacturing facility.  As the company re-starts production of its TX electric taxi and moves into the next prototype phase of VN5 electric van build, a new way of working has been implemented at Ansty.  More than 100… Continue reading @Geely: LEVC protects and prepares for production restart

China’s Geely Auto to raise $825m from equity issue

GUANGZHOU — Geely Automobile Holdings will raise up to 6.4 billion Hong Kong dollars ($825 million) through a sale of new shares, the Chinese company said Friday, aiming to shore up finances as car sales languish. The automaker plans to offer 600 million new shares in the Hong Kong market, where it is listed. The float will… Continue reading China’s Geely Auto to raise $825m from equity issue

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

Electric vans: anyone who wants to inherit the street scooter

Italians under power Among the large van models, there is the Fiat Ducato in an E variant. Cologne E-commerce is booming and the streets are full of vans. That was already the case before Corona and has intensified significantly with the pandemic. But as easy as that is for the customers, the development is also… Continue reading Electric vans: anyone who wants to inherit the street scooter