Hardly in business, already on a visit: Daimler’s new major shareholder, Chinese businessman Li Shufu, is already inspecting the Group headquarters in Stuttgart today. picture alliance / Wiktor Dabkov New Daimler major shareholder Li Shufu Sunday, 25.02.2018 12:26 The new major Daimler shareholder Li Shufu is, according to information from “Bild am Sonntag” on Sunday… Continue reading Li Shufu visits Daimler headquarters
Tag: Geely
Chinese billionaire becomes largest shareholder at Daimler
With a share of over seven billion euros, the boss of Volvo’s mother Geely has participated in Daimler. The Chinese company is counting on the departure from the pure combustion engine. Li Shufu, principal owner of Chinese auto giant Geely Friday, 23.02.2018 19:42 clock The Chinese carmaker Geely makes serious with the billion dollar entry… Continue reading Chinese billionaire becomes largest shareholder at Daimler
That’s it, Mr. Zetsche
Li Shufu, head of Chinese automaker Geely, joins Daimler as a major shareholder. Hostile takeover? In fact, the group from Stuttgart could be trimmed with it faster on electric mobility. Geely boss Li Shufu Saturday, 24.02.2018 13:24 clock For weeks it has begun, now it is official. Li Shufu, boss of the Chinese automaker Geely,… Continue reading That’s it, Mr. Zetsche
Polestar 1 Production Plant Starts Construction In China
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Polestar 1 Production Plant Starts Construction In China
20 Nov 2017, 13:55 UTC · by Mircea Panait
/ Home / News / Industry
Chengdu isn’t just one of the most populous areas in the People’s Republic of China, but it briefly served as the capital of the country from 1949 until the closure of the Chinese Civil War. Chengdu is the region’s equivalent to Silicon Valley in the United States, which might have had something to do with Polestar deciding to set base in this area of China.
21 photosSpun off from Volvo as a standalone brand and controlled by Geely, Polestar announced that the production facility for the 1 plug-in hybrid supercoupe is coming together in Chengdu. By mid-2018, the factory should be completed and ready to start tooling and pre-production tests.
The nine-month construction plan is challenging in its own right, but then again, the Polestar 1 is a plug-in hybrid unlike any before it. If that wasn’t impressive enough, Polestar highlights the plant “will be the most environmentally-responsible car factory in China.” And that’s saying something considering China’s environmental record isn’t all that green.
“We are building a Production Centre that is a reflection of our brand,” declared head honcho Thomas Ingenlath. “A facility that is modern, progressive, technically advanced and environmentally responsible. The Polestar Production Centre will be an embodiment of the Polestar brand.”
Described by its maker as a grand touring coupe, the 1 features a performance-oriented powertrain with 600 horsepower on tap and up to 150 kilometers of electric range. To whom it may concern, that translates to the longest pure electric distance of any hybridized car in the world.
Production of the 1 will start by mid-2019 and be capped at 500 examples per year, with pricing expected to range from €130,000 to €150,000 ($153,000 to $177,000) for the entry-level trim. There’s also the possibility Polestar will adopt the Care by Volvo subscription service introduced by the XC40. It all boils down to a flat fee that covers things such as the cost of the car, insurance, and maintenance into one monthly paid installment.
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Volvo XC40 Starts Production, T5 Twin Engine PHEV And EV Coming In 2018 And 2019
The smallest utility vehicle Volvo ever made is now production reality. The XC40 started rolling off the assembly line in Ghent, Belgium today, and the first customer-bound crossovers are en route to Volvo dealers.
To date, Volvo received more than 13,000 orders for the newcomer of the XC family… (continue reading >>)
2018 Ford Expedition Starts Production At Kentucky Truck Plant
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2018 Ford Expedition Starts Production At Kentucky Truck Plant
30 Oct 2017, 16:54 UTC · by Mircea Panait
/ Home / News / Car Profile
Following an investment of $900 million, the Kentucky Truck Plant is capable of churning out the all-new Ford Expedition and Lincoln Navigator. After the luxed-up Navigator started production on September 25, the Expedition followed suit. One of the first customers of the full-size SUV is Houston pastor Develron Walker (pictured), who received his 2018 Expedition as a gift from FoMoCo.
26 photosWhy’s that? Hurricane Harvey took its toll on Develron’s church and community, as well as his previous car. Walker argues the church was denied both government assistance and a small business loan, despite the fact the pastor and his congregation helped 200 families following the storm. And that, ladies and gentlemen, is the narrative behind Ford’s generous benefaction.
“Even while facing extremely tough circumstances, Pastor Walker has shown his relentless commitment to helping those in his community, and we hope the Expedition will help him go further with his ministry as they rebuild,” declared Joe Hinrichs, the Dearborn-based automaker’s president of global operations.
Just like the previous Expedition, the 2018 Expedition is propelled by a 3.5-liter twin-turbo V6. The EcoBoost engine is rated at 375 horsepower and 470 pound-feet of torque, but there’s a more powerful tune available. Reserved for the Platinum trim level, the more potent EcoBoost develops 400 ponies and 480 pound-feet. Regardless of trim level and drivetrain specification, the newcomer relies on a 10-speed automatic transmission co-developed with GM.
Arriving at dealerships in the coming weeks, the 2018 Ford Expedition is expected to boast best-in-class mileage. What’s for certain, however, is that the redesigned Expedition is the best of its class in terms of towing, being capable of trailering 9,300 pounds (4,218 kilograms). Pricing kicks off at $51,695 for the Expedition XLT. The slightly longer XLT Max will set you back $54,385. At the other end of the spectrum, the 2018 Ford Expedition Platinum Max retails at $75,400.
Those interested in the 2018 Lincoln Navigator, well, the full-sized luxobarge is considerably more expensive. The base model starts at $72,055 while the Black Label retails at $93,705.
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Hellobike Raises Series B+ Round From EV Start-Up WM Motor
WM Motor, an electric vehicle start-up founded by the former China head of Volvo Car Corporation, has made a strategic investment in Hellobike, a bike-sharing start-up focused on mid-size cities across China. Hellobike, which two months ago raised hundreds of millions of RMB in a series B round led Chengwei Capital, and is also backed… Continue reading Hellobike Raises Series B+ Round From EV Start-Up WM Motor
China’s Baidu Rumored To Lead $140M Round In Electric Vehicle Start-up WM Motor
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China’s FDG Electric Vehicle Hires Former Volvo China Head As COO
Chinese electric vehicle company FDG Electric Vehicles Ltd. has named Tong Zhiyuan, formerly the chief executive officer of Volvo Car Corporation China District, as its chief operating officer and executive director, effective immediately. Tong will act as the head of FDG’s electric vehicle division, and will oversee daily operation and management, research and development at… Continue reading China’s FDG Electric Vehicle Hires Former Volvo China Head As COO
Chinese Car Maker Geely To Acquire 30% Of Danish Financial Firm Saxo Bank
Saxo Bank Group, a Danish multi-asset trading and financial-technology firm, has received an offer from Geely International Hong Kong, a subsidiary of Chinese car maker Zhejiang Geely Holding Group Co., Ltd, to become a major shareholder in Saxo, enabling the bank to capitalize on global growth opportunities, especially in China. Lars Seier Christensen, co-founder of… Continue reading Chinese Car Maker Geely To Acquire 30% Of Danish Financial Firm Saxo Bank