Tag: Geely

TomTom to sell Telematics unit to Japan’s Bridgestone for $1.03b

January 22, 2019 TomTom, the Dutch navigation and digital maps company, said on Tuesday it has agreed to sell its Telematics, or the fleet management business, to Japan’s Bridgestone for 910 million euros (£802.5 million or $1.03 billion). The company will return 750 million euros of that to shareholders via a capital repayment and share… Continue reading TomTom to sell Telematics unit to Japan’s Bridgestone for $1.03b

Exclusive: Tesla holds battery supply talks with China’s Lishen

BEIJING (Reuters) – U.S. electric vehicle (EV) maker Tesla Inc (TSLA.O) has held talks with China’s Tianjin Lishen to supply batteries for its new Shanghai factory, and two people with direct knowledge of the matter said the pair signed a preliminary agreement. FILE PHOTO: Visitors are seen at the booth of Lishen Battery at a… Continue reading Exclusive: Tesla holds battery supply talks with China’s Lishen

Exclusive: Tesla says it received battery quotes from China’s Lishen but no deal agreed

BEIJING (Reuters) – Tesla Inc (TSLA.O) said on Tuesday it had received quotes from Tianjin Lishen to supply batteries for its new Shanghai electric car factory but had not signed any agreement with the Chinese firm. FILE PHOTO: Visitors are seen at the booth of Lishen Battery at a new energy expo in Beijing, China… Continue reading Exclusive: Tesla says it received battery quotes from China’s Lishen but no deal agreed

Waiving for diesel: Volvo builds electric excavators and e-wheel loaders

Volvo wants to launch a series of electric compact excavators and wheel loaders by mid-2020 and stop the development of new diesel engine models. January 18, 2019, 7:14 am, Michael Linden Volvo L28 (Image: Volvo) Volvo wants its compact excavators and wheel loaders in the future offer only with electric motors, New diesel models are… Continue reading Waiving for diesel: Volvo builds electric excavators and e-wheel loaders

California dealers try to stop Volvo’s car subscription service

A trade group representing California car and truck dealerships has filed a petition with the state’s New Motor Vehicle Board to stop Volvo from offering cars on a subscription model. The filing, first reported by Teslarati, is an escalation of the dealer group’s effort to disrupt Volvo’s subscription program, which became public late last year… Continue reading California dealers try to stop Volvo’s car subscription service

Volvo primed to replace V40 with SUV-coupe

The Volvo V40 will be indirectly replaced by an SUV-coupé in the next three years, in reaction to falling sales and the need to accommodate electrification. Lex Kerssemakers, Volvo‘s European boss, confirmed to Autocar that the V40 will not be replaced directly but said that it would be superseded by a higher-riding model. He is confident that Volvo… Continue reading Volvo primed to replace V40 with SUV-coupe

Lotus models to be built in new China factory

Future Lotus models are set to be produced in China, as owner Geely is developing a $1.3 billion (£1.01 billion) factory with a capacity of 150,000 vehicles a year. According to a Reuters report, the facility in Wuhan would provide an opportunity for the Norfolk-based sports car manufacturer to build SUVs as part of its… Continue reading Lotus models to be built in new China factory

Chinese group wants to crack prices for electric cars in the United States

The trade war between Beijing and Washington do not scare Kandi Technologies. This Chinese manufacturer who develops with Geely, “mini” electric cars, intends to tackle the US market with its model K22 and SUV, the EX3. Listed on NasdaqIn June 2018, Kandi Technologies acquired the Texan distributor Sportsman Country for $ 10 million. He works… Continue reading Chinese group wants to crack prices for electric cars in the United States

Press Releases – Truck CO2 targets: no public charging points for electric or hydrogen trucks available, data reveals

Brussels, 17 January 2019 – The European Automobile Manufacturers’ Association (ACEA) has published data on the severe lack of recharging and refuelling infrastructure suitable for electric and other alternatively-powered trucks across the EU. ACEA is issuing this new data ahead of a decisive meeting on Europe’s first-ever CO2 targets for trucks, taking place next week… Continue reading Press Releases – Truck CO2 targets: no public charging points for electric or hydrogen trucks available, data reveals