Geely – Page 773 – I wish I had more to offer

@Geely: Fengsheng Automobile Technology Group Releases First Production Electric Vehicle Model

JINHUA, CHINA, Jan. 15, 2020 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced thatFengsheng Automotive Technology Group Co., Ltd. (formerly known as Kandi Electric Vehicles Group Co., Ltd., the “Affiliate Company” or “Fengsheng”) hosted a launch ceremony on January 13th to celebrate the release of its… Continue reading @Geely: Fengsheng Automobile Technology Group Releases First Production Electric Vehicle Model

@Geely-Volvo: Volvo Cars and China Unicom collaborate on 5G communication technology development in China

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Volvo Cars and China Unicom collaborate on 5G V2X tech in China

Volvo Cars and leading telecom provider China Unicom are joining forces on using 5G next-generation mobile network technology for communication between cars and infrastructure in China. The two companies are to work together in researching, developing and testing automotive applications of 5G and emerging vehicle-to-everything (V2X) technology. As the fifth generation of mobile network technology… Continue reading Volvo Cars and China Unicom collaborate on 5G V2X tech in China

Press Releases – Getting to the Green Deal: Don’t rule out alternative fuels with a track record of success

Brussels, 14 January 2020 – Vehicle manufacturers and fuel coalition call for consistency in defining alternative fuels that will drive the energy transition. The EU’s long-term energy transition goals depend not just on developing new technologies but also on alternative-fuel solutions that already reduce harmful emissions. As the EU reframes important environment and energy legislation… Continue reading Press Releases – Getting to the Green Deal: Don’t rule out alternative fuels with a track record of success

Mercedes-Benz and Geely Holding have formally established its global joint venture “smart Automobile Co., Ltd.”

08.

January 2020

Stuttgart, Germany; Hangzhou, China

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-generation
premium 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), the German and Chinese automotive groups, today announced that they have formally established the global joint venture “smart Automobile Co., Ltd.” for the smart brand after receiving the regulatory approvals.
The total registered capital of the Joint Venture will be 5.4 billion RMB to transform smart into a leading player in premium-and intelligent electrified vehicles. Both parties will equally contribute 2.7 billion RMB, the share of Mercedes-Benz AG will be mainly covered by the contribution of the smart brand. The global headquarters of the new joint venture has been set in Hangzhou Bay, Ningbo with operational sales functions based in China and Germany.
The new generation of smart vehicles will be designed by the worldwide Mercedes-Benz Design network and developed by the Geely global engineering network. Future production will be located in China. As part of the vehicle-development program, the smart product portfolio will be extended into the fast-growing B-segment that are in line with smart’s brand positioning with a focus on pure premium electric and connected vehicles.
The board of directors of the new smart joint venture will be made up of six executives with equal representation from both parties. Daimler AG board representatives will include Hubertus Troska, Member of the Board of Management of Daimler AG responsible for Greater China, Britta Seeger, Member of the Board of Management of Daimler AG and Mercedes-Benz AG responsible for Marketing & Sales, and Markus Schäfer, Member of the Board of Management of Daimler AG and Mercedes-Benz AG responsible for Group Research and Mercedes-Benz Cars Development. Geely board representatives will include Geely Holding Chairman Li Shufu, Geely Holding President, Geely Auto Group President and CEO An Conghui, Geely Holding Executive Vice President and CFO Daniel Donghui Li.
Tong Xiangbei has been appointed the new global CEO of the smart joint venture and will oversee all operations relating to the brand including sales, marketing, R&D, production and after sales. Tong has more than two decades of experience in automotive industry. Before joining the smart joint venture, he has worked for global automotive OEMs both in the United States and in China.
Ola Källenius, Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG, said: “Having received all necessary regulatory approvals we are now ready to start the joint venture with our partner Geely that has been in preparation for the past several months. The joint venture will bring the next generation of zero-emission smart electric cars to the Chinese and global markets. We look forward to continue our collaboration to bring desirable products and services to customers around the world.”
Li Shufu, Geely Holding Chairman said: “The smart brand has a unique value and global influence, it has grown to be a leader in urban mobility. Geely Holding will fully support the smart brand with its full advantages in R&D, manufacturing, supply chain and other fields into the joint venture and support its development in China and globally. We will work together with Mercedes-Benz to transform the smart brand into a leading player in urban premium, electric and connected vehicles to successfully develop the brand’s global potential.”

Press Contact

David Vorsteher

Head of Global Mercedes-Benz Brand, Design & Special Media Communications

david.vorsteher@daimler.com

Tel: +49 176 30919255

Christin Müller

Global Product Communications smart

christin.c.mueller@daimler.com

Tel: +49 176 30943837

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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

Geely in talks to pump cash into Aston Martin

British carmaker in need of finances after shares and sales slide Go to Source

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