Tag: Geely

German Handelsblatt: Truck subsidiary: Daimler Truck reorganizes management prior to partial IPO

Daimler Truck CEO Martin Daum The development of software, electronics and engines – whether diesel engines or alternative drives – will be centralized in the new Truck Technology Group (TT) business unit. (Photo: dpa) Frankfurt With a view to the IPO planned for the end of the year, Daimler’s truck subsidiary has reorganized its management.… Continue reading German Handelsblatt: Truck subsidiary: Daimler Truck reorganizes management prior to partial IPO

Volvo Group invests in Designwerk Technologies AG to complement electromobility capabilities

GOTHENBURG, Sweden, April 26, 2021 /PRNewswire/ — Volvo Group has signed definitive agreements to acquire 60 percent of Designwerk Technologies AG, an engineering company in Switzerland, that develops and sells electromobility products and engineering services within electromobility eco-systems. By investing in Designwerk Technologies, the Volvo Group will complement its current capabilities when it comes to… Continue reading Volvo Group invests in Designwerk Technologies AG to complement electromobility capabilities

Renault and Dacia soon to be restricted to 180 km / h

Posted on Apr 25, 2021, 12:08 PM Renault and Dacia drivers will soon no longer be able to exceed 180 km / h. During the general meeting of shareholders, this Friday, the CEO of the diamond firm, Luca de Meo , has indeed announced that all vehicles produced by Renault and Dacia will be gradually… Continue reading Renault and Dacia soon to be restricted to 180 km / h

China’s EV firm Jidu Auto to invest $7.7b in ‘robot’ smart cars

Jidu Auto, an electric vehicle venture between China’s tech giant Baidu and Chinese automaker Geely, aims to plough 50 billion yuan ($7.7 billion) into producing smart cars over the next five years, its chief executive told Reuters. Xia Yiping said on Friday that the funding would come from Baidu and other investors and Jidu would aim to launch its first electric vehicle (EV) in three years,… Continue reading China’s EV firm Jidu Auto to invest $7.7b in ‘robot’ smart cars

Volvo Group Venture Capital invests in EV charging software company Driivz

Volvo Group Venture Capital makes investments that support collaborations between startups and the Volvo Group, especially in areas such as logistics services, site solutions and electrical infrastructure. The group’s latest investment is Driivz, a software company that calls itself “the operating system for global EV charging.” The Driivz platform is designed for managing large charging… Continue reading Volvo Group Venture Capital invests in EV charging software company Driivz

Volvo Group – the first quarter 2021

GOTHENBURG, Sweden, April 22, 2021 /PRNewswire/ — “The first quarter of 2021 was characterized by high activity among our customers, which was reflected in good demand for both new products and services. Compared with the first quarter of 2020, our net sales increased by 3% to SEK 94.0 billion. The good sales volumes, not least… Continue reading Volvo Group – the first quarter 2021

Breakingviews – Capital Calls – Great Wall Motor risks hitting speed limit

By Reuters Staff 2 Min Read Different series of Kweichow Moutai liquor are seen at a tasting section inside a direct sale store in Beijing, China November 2, 2020. Picture taken November 2, 2020. REUTERS/Tingshu Wang HONG KONG (Reuters Breakingviews) – GREAT STALL. Chinese carmaker Great Wall Motor may be driving too fast. On Tuesday,… Continue reading Breakingviews – Capital Calls – Great Wall Motor risks hitting speed limit

@Geely: Geely Unveils Latest High-End Flagship SUV – Xingyue L

Geely Auto unveils latest CMA-based flagship SUV, Xingyue L with new “Symphony of Space and Time” aesthetic Premium SUV highlights symphony between Eastern and Western styling Empowered by advanced technologies to offer a luxurious user experience First Geely model to go beyond L2 autonomy with 100% automated valet system, enabling the car to search for… Continue reading @Geely: Geely Unveils Latest High-End Flagship SUV – Xingyue L