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Volvo Cars & China’s Geely in Talks to Merge, Creating a Single Global Auto Group

Volvo Cars & China’s Geely in Talks to Merge, Creating a Single Global Auto Group

Volvo Car AB and Chinese automaker Geely Automobile Holdings Limited said they are considering combining their businesses to create a single global group, which would boost each company's financial position and facilitate technology sharing between the two companies.

Eric Walz2020-02-11 13:30 PT

Mercedes Benz & Geely Form a New Joint Venture for the Smart Brand in China

Mercedes Benz & Geely Form a New Joint Venture for the Smart Brand in China

The German luxury automaker announced it is entering into a joint venture with Zhejiang Geely Holding Group (Geely Holding) named “smart Automobile Co., Ltd.” which will formally establish smart brand as a global joint venture to develop premium electric vehicles for the Chinese market.

Eric Walz2020-01-13 10:50 PT

Chinese Automaker BAIC is Planning to Raise its Stake in Daimler to Become its Biggest Shareholder

Chinese Automaker BAIC is Planning to Raise its Stake in Daimler to Become its Biggest Shareholder

Mercedes Benz parent Daimler’s Chinese joint venture partner Beijing Automobile Group Co Ltd (BAIC) is looking to increase stake in the Stuttgart-based automaker in a bid to become a bigger shareholder than its rival Zhejiang Geely Holding Group (Geely). According to a report from Reuters, BAIC plans to double its stake in Daimler to around 10% and also secure a board seat with the German luxury automaker.

Eric Walz2019-12-16 10:50 PT

Polestar Enters Final Prototype Phase Before Production of the Mass-Market Electric Polestar 2

Polestar Enters Final Prototype Phase Before Production of the Mass-Market Electric Polestar 2

Luxury performance brand Polestar announced that its second vehicle, the Polestar 2, is entering the final prototype phase before final production and delivery to customers in 2020.

Eric Walz2019-12-02 08:00 PT

Volvo Unveils the XC40 Recharge, its First Fully-Electric SUV

Volvo Unveils the XC40 Recharge, its First Fully-Electric SUV

Swedish automaker Volvo unveiled its first ever electric SUV today, becoming the latest automaker to unveil a fully-electric model. The vehicle is called the XC40 Recharge and is the first model in Volvo’s new electric "Recharge" model lineup that will compete with luxury electric models from Tesla, Volkswagen and others.

Eric Walz2019-10-16 11:00 PT

Volvo, Geely Merging Combustion Engine Operations in a Move to EVs

Volvo, Geely Merging Combustion Engine Operations in a Move to EVs

Volvo and Geely announced plans to combine their engine operations into one company, as the automaker looks to shift toward a lineup with only electrified vehicles.

Vineeth Joel Patel2019-10-14 07:00 PT

Chinese Automaker Geely Invests in Volocopter, Aims to Bring Urban Air Mobility to China

Chinese Automaker Geely Invests in Volocopter, Aims to Bring Urban Air Mobility to China

German aircraft manufacturer Volocopter announced that it signed the first closing of its 50 million euro ($55.2M) Series C funding round led by Chinese automaker Zhejiang Geely Holding Group (Geely Holding). Geely is the parent company of Swedish automaker Volvo. With the latest funding round, Geely Holding becomes a minority investor in Volocopter, along with existing investor Daimler AG.

Eric Walz2019-09-09 11:45 PT

Chinese Automaker BAIC Buys a 5% Stake in Daimler

Chinese Automaker BAIC Buys a 5% Stake in Daimler

​China’s Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake and voting rights in German automaker Daimler, as the company looks to fend off competition from rival automaker Geely.

FutureCar Staff 2019-07-23 11:05 PT

Automakers Toyota & Geely Join Baidu’s Open Apollo Autonomous Driving Platform

Automakers Toyota & Geely Join Baidu’s Open Apollo Autonomous Driving Platform

China’s internet search giant Baidu is partnering with Zhejiang Geely Holding Group and Japan’s Toyota Motor Corp on areas related to artificial intelligence (AI) for self-driving cars.

FutureCar Staff 2019-07-08 18:49 PT

Polestar 1 Enters Final Prototype Stage Before Production

Polestar 1 Enters Final Prototype Stage Before Production

​Electric performance car brand Polestar announced that its Polestar 1 electric car, its first ever model, is entering its final prototype state before heading to production.

FutureCar Staff 2019-06-05 12:31 PT

Volvo to Build the XC40 SUV in China to Meet High Demand

Volvo to Build the XC40 SUV in China to Meet High Demand

Swedish automaker Volvo Cars has started producing its XC40 compact crossover SUV in China to bump up capacity to meet higher than expected demand. The popular Volvo XC40 was named the 2018 European Car of the Year.

FutureCar Staff 2019-04-12 12:41 PT

Daimler AG Looking to increase its Stake in BAIC Motors, its Joint Venture Partner in China

Daimler AG Looking to increase its Stake in BAIC Motors, its Joint Venture Partner in China

Now that China has relaxed the 50 percent cap on foreign ownership, Daimler AG is looking to increase its increase its 49 percent stake in Beijing Benz Automotive, its JV with state-owned BAIC Group.

FutureCar Staff 2019-03-22 18:56 PT

Kandi's Electric K22 and EX3 Approved for $7,500 Federal EV Tax Credit in 2020

Kandi's Electric K22 and EX3 Approved for $7,500 Federal EV Tax Credit in 2020

Chinese electric automaker Kandi Technologies Group Inc. (Nasdaq: KNDI) announced that the company's fully-electric K22 and EX3 models will be eligible for the U.S. federal EV tax credit of up to $7,500 beginning next year. Kandi builds its electric vehicles in a joint venture with China’s Geely, the parent company of Swedish automaker Volvo.

FutureCar Staff 2019-03-12 11:06 PT

Volvo Officially Reveals the Electric Polestar 2, its Answer to the Tesla Model 3

Volvo Officially Reveals the Electric Polestar 2, its Answer to the Tesla Model 3

​Polestar revealed the first ever look of the Polestar 2 electric car on Wednesday, ahead of the Geneva Motor Show. The EV is one of the most anticipated vehicle debuts this year.

Eric Walz2019-02-27 15:47 PT

Chinese Automaker Kandi Gets Approval to Import 2 Electric Models to the U.S.

Chinese Automaker Kandi Gets Approval to Import 2 Electric Models to the U.S.

Chinese automaker Kandi Technologies is bringing two electric model to the U.S. Kandi announced it has received approval from the National Highway Traffic Safety Administration (NHTSA) to import two models to the United States—the Kandi Model EX3 compact SUV and compact Model K22. Both vehicles are fully-electric.

FutureCar Staff 2019-02-20 17:29 PT

Polestar Launches Interactive Preview of its Android-powered Infotainment System

Polestar Launches Interactive Preview of its Android-powered Infotainment System

Polestar, the luxury electric brand of China’s Geely and parent company of Volvo, has launched an interactive website allowing users to preview its new Android-based infotainment system in the upcoming Polestar 2 electric vehicle.

Eric Walz2019-01-23 12:39 PT

Corporate Investors are Investing Billions in EVs and Related Startups in the U.S. & China

Corporate Investors are Investing Billions in EVs and Related Startups in the U.S. & China

As the auto industry moves toward electrification, big corporations not normally associated with investments in the auto industry have been pouring money into electric vehicle startups working on electric vehicles, batteries and EV charging infrastructure.

Eric Walz2019-01-11 18:12 PT

Polestar Unveils the First Teaser Photo of its New EV, a Serious Competitor to Tesla’s Model 3

Polestar Unveils the First Teaser Photo of its New EV, a Serious Competitor to Tesla’s Model 3

Polestar, the new electric luxury brand of China's Geely, which is the parent company of the Volvo Car Group, revealed the first glimpse of its new electric car, the Polestar 2. The Polestar 2 is set to become serious competitor to Tesla’s Model 3 sedan. Volvo only released a teaser photo and a full reveal is expected in the coming weeks.

FutureCar Staff 2019-01-04 15:56 PT

Volvo Investing in California-based EV Charging Startup FreeWire Technologies

Volvo Investing in California-based EV Charging Startup FreeWire Technologies

Swedish automaker Volvo announced today it is investing in FreeWire Technologies, a San Francisco-based EV charging startup.

Eric Walz2018-10-24 12:19 PT

Electric Car Brand Polestar Announces Plans for a Subscription Service & ‘Polestar Spaces’

Electric Car Brand Polestar Announces Plans for a Subscription Service & ‘Polestar Spaces’

At a event in New York, Polestar Performance AB announced details of how it will sell and market its electric vehicles—the Polestar 1 and Polestar 2. Polestar is the new performance luxury electric brand of Volvo Cars, wholly owned by China’s Zhejiang Geely Holding Group Co.

FutureCar Staff 2018-09-20 18:50 PT

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