Tag: Geely

PA Consulting’s Analysis Shows Top Car Makers Will Face €14.5bn Fines for Missing the EU’s CO2 Emissions Targets

After four years of steady progress, PA’s research has revealed a step backwards. Emissions have increased across the board, mainly due to customers buying SUVs, strong demand for high-powered and heavier cars, lack of low-emission options in showrooms, and shifting preference for petrol cars after the diesel scandal. Some car makers will see penalties high… Continue reading PA Consulting’s Analysis Shows Top Car Makers Will Face €14.5bn Fines for Missing the EU’s CO2 Emissions Targets

Geely in talks to pump cash into Aston Martin: FT

LONDON (Financial Times) — China’s Geely has held talks with Aston Martin investors and management as it considers pumping much-needed cash into the luxury carmaker. The Chinese company is conducting due diligence as it looks at taking a stake in the UK group, which is in need of fresh finances, said four people familiar with… Continue reading Geely in talks to pump cash into Aston Martin: FT

Price war wipes out half of China’s EV battery makers

BEIJING — China’s electric-vehicle battery industry slowed in 2019 as the country’s automakers remain mired in the doldrums. The industry has been realigning since the beginning of last year, with smaller players gradually being edged out. This comes against a backdrop of heavy borrowing throughout the auto industry supply chain as EV sales stall and… Continue reading Price war wipes out half of China’s EV battery makers

Mercedes-Benz and Geely Holding Formally Establish JV For Smart

Mercedes-Benz and Geely Holding formally establish smart brand as a global joint venture Total registered capital of the Joint Venture of 5.4 billion RMB to develop next-generationpremium electric smart vehicles First range of pure electric products to be launched from 2022 Stuttgart, Germany; Hangzhou, China. Mercedes-Benz AG (Mercedes-Benz) and Zhejiang Geely Holding Group (Geely Holding),… Continue reading Mercedes-Benz and Geely Holding Formally Establish JV For Smart

Baidu partners Wind River for autonomous vehicle solutions

Baidu, the Chinese language internet search engine has collaborated with US-based software solution provider, Wind River to develop an autonomous vehicle solution. A joint proof of concept has been developed to include an AUTOSAR Adaptive–based software architecture with Baidu’s Apollo autonomous driving open platform, designed to meet the specific challenges of the next generation of software-defined… Continue reading Baidu partners Wind River for autonomous vehicle solutions

Geely, Mercedes-Benz launch $780 million JV to make electric smart-branded cars

The Mercedes-Benz logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany, September 10, 2019. REUTERS/Ralph Orlowski BEIJING/SHANGHAI (Reuters) – Zhejiang Geely Holding Group Co Ltd and Mercedes-Benz on Wednesday said they would each invest 2.7 billion yuan ($388.77 million) in a China-based venture to build “premium and intelligent electrified” vehicles under… Continue reading Geely, Mercedes-Benz launch $780 million JV to make electric smart-branded cars

Faraday Future FF91: driving the car that nearly didn’t happen – Autocar

Considering the FF91’s positioning as a smartphone on wheels of sorts, its target audience is more likely to care about the touchscreen’s size and resolution than the powertrain’s output. The software is Android-based, like Volvo and Polestar’s infotainment systems, but the interface is brand-specific, and a big part of the Faraday Future experience.  Owners will… Continue reading Faraday Future FF91: driving the car that nearly didn’t happen – Autocar

Press Releases – Ferrari joins ACEA

Brussels, 7 January 2020 – The European Automobile Manufacturers’ Association (ACEA) kicks off the new year with Ferrari becoming its newest member company. ACEA is the advocate for the automobile industry in Europe, representing manufacturers of passenger cars, vans, trucks and buses with production sites in the EU. With the addition of the Italian luxury… Continue reading Press Releases – Ferrari joins ACEA