Tag: Geely

Statement Regarding FCA Related Rumors

Recent media reports have indicated that Zhejiang Geely Holding Group (ZGH) has expressed interest in acquiring the assets of Fiat-Chrysler (FCA). Geely Holding has no plans to expand its current portfolio and has not entered into any commercial talks with the opposing party. Geely Holding is fully focused on developing its own internal innovation ability… Continue reading Statement Regarding FCA Related Rumors

Bosch buys out Daimler at EM-motive

Automotive supplier Robert Bosch has acquired Daimler’s stake in EM-motive, a manufacturer of motors for electric and hybrid cars set up as a joint venture by both companies.  For Bosch, the acquisition is the “next logical step on the path to market leadership in electromobility”, said Stefan Hartung, member of the company’s board of management… Continue reading Bosch buys out Daimler at EM-motive

Avinew Raises $5M in Seed Funding

Dan Peate Avinew, a Westlake Village, Calif.-based insurtech company focused on autonomous and semi-autonomous auto insurance, raised $5M in seed funding. The round was led by Crosscut, with participation from American Family Ventures, Draper Frontier, and RPM Ventures. Led by Dan Peate, Founder and CEO, Jeremy Snyder, COO, Mike Cassanego, General Counsel and Co-founder, and… Continue reading Avinew Raises $5M in Seed Funding

Press Releases – Gerrit Marx takes on Chairmanship of ACEA Commercial Vehicle Board

Brussels, 29 January 2019 – The European Automobile Manufacturers’ Association (ACEA) announces that Gerrit Marx, the newly-appointed President Commercial and Specialty Vehicles at CNH Industrial, takes on the role of Chairman of ACEA’s Commercial Vehicle Board this year. This follows a recent structural reorganisation within CNH Industrial and its IVECO brand. The ACEA Commercial Vehicle… Continue reading Press Releases – Gerrit Marx takes on Chairmanship of ACEA Commercial Vehicle Board

Volvo’s self-driving car venture gets nod to test on Swedish roads

STOCKHOLM (Reuters) – A Volvo Cars joint venture has won approval to begin hands-free testing of its software for self-driving cars on Swedish highways, partner Veoneer said on Monday. FILE PHOTO: A self-driving Volvo electric truck with no cab called Vera is seen during a presentation in Berlin, Germany, September 12, 2018. REUTERS/Emma Thomasson/File Photo… Continue reading Volvo’s self-driving car venture gets nod to test on Swedish roads

Cadillac is resurrecting its subscription service

Cadillac is bringing back the fledgling car subscription service that it put on hold in November of last year, executives told Automotive News earlier this week. This time around, though, Cadillac dealers will be way more involved in the process than they were before. It’s not yet clear how much the new version of the… Continue reading Cadillac is resurrecting its subscription service

Kandi Signs Framework Agreement with Zhejiang Ruibo to Serve as the Primary Vehicle Provider of 300,000 Electric Vehicles Within 5 Years

JINHUA, China, Jan. 22, 2019 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that Kandi Electric Vehicles Co., Ltd. (the “JV Company”, an equally held joint venture by Kandi Vehicles and Geely Group, Ltd.) led the efforts in organizing a five-year online ride-sharing service alliance in… Continue reading Kandi Signs Framework Agreement with Zhejiang Ruibo to Serve as the Primary Vehicle Provider of 300,000 Electric Vehicles Within 5 Years

Kandi Pure Electric Vehicle Project Received Approval

JINHUA, China, Jan. 09, 2019 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that Kandi Electric Vehicles Jiangsu Co., Ltd. (“Kandi Jiangsu”), the 100% owned subsidiary of Kandi Electric Vehicles Co., Ltd. (the “JV Company”, a joint venture owned by Kandi Vehicles, Geely Group, Ltd., and… Continue reading Kandi Pure Electric Vehicle Project Received Approval

Geely reveals Volvo platform-based FY11 crossover – CNET

Geely’s FY11 will have a 2.0-liter turbo engine under the hood. Geely Auto Chinese automaker Geely Auto has released the first photos of its new FY11 crossover, and it’s notable for being the first Geely to be built atop the CMA (Compact Modular Architecture) employed by the Volvo XC40. The Geely FY11 is a coupe-style… Continue reading Geely reveals Volvo platform-based FY11 crossover – CNET