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
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
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
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
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
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
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
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 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, 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
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, 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
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
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
Volvo Cars has postponed its planned IPO, citing ongoing trade tensions and a decline in automotive stocks. The Swedish carmaker, which is owned by China’s Geely, hoped to list its shares by the end of the year.
FutureCar Staff 2018-09-10 12:22 PT
Chinese automaker Kandi Technologies Group Inc. said it is bringing its electric vehicles to the United States in a joint venture with Sportsman Country LLC, a Dallas-based seller of vehicle products, which Kandi acquired last month.
Jeremy Carlton2018-06-12 13:02 PT
Volvo Cars, the premium car maker, has announced new financial and operational goals that will position the company as a leading player in the changing global automotive landscape by 2025. A large part of the plans include autonomous and electric vehicles, with autonomous vehicles comprising one third of all Volvo models sold.
Paul Young2018-06-07 16:46 PT
Terrafugia Inc. announced its partnership with automotive engineering company China Euro Vehicle Technology AB (CEVT) to collaborate on a variety of developments to bring the first flying car to market.
Eric Walz2018-05-01 11:29 PT
Volvo Cars, the premium car maker, has launched a new investment fund aimed at investing in high potential technology start-ups in Silicon Valley and around the globe. The aim of the fund is to invest in strategic technology trends that are transforming the automotive industry, including autonomous driving.
Eric Walz2018-02-28 11:28 PT
Chinese electric vehicle (EV) startup WM Motor Technology Co Ltd will receive a sizable investment from a group of investors led by Baidu Capital, a unit of Chinese internet search firm Baidu Inc, WM Motors’ founder and chief executive told Reuters.
Eric Walz2017-12-08 15:34 PT
FutureCar Staff Sep 12, 2019 3:45 PM PT
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Eric WalzSep 11, 2019 11:45 AM PT