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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

Volvo Cars Cancels its Planned IPO Amid Ongoing Trade Tensions

Volvo Cars Cancels its Planned IPO Amid Ongoing Trade Tensions

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

Kandi Technologies to Bring Electric Vehicles to the U.S.

Kandi Technologies to Bring Electric Vehicles to the U.S.

​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's New Business Plan Includes a Major Shift to Electric and Autonomous Vehicles

Volvo's New Business Plan Includes a Major Shift to Electric and Autonomous Vehicles

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 Partners with CEVT to Bring Flying Car to Market

Terrafugia Partners with CEVT to Bring Flying Car to Market

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 Announces 'Volvo Cars Tech Fund' to Assist Automotive Technology Start-Ups

Volvo Announces 'Volvo Cars Tech Fund' to Assist Automotive Technology Start-Ups

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

China EV Startup WM Motor Secures New Funding Led by Baidu Capital

China EV Startup WM Motor Secures New Funding Led by Baidu Capital

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

London Taxi Cabs Going Electric

London Taxi Cabs Going Electric

The London Taxi Company – now the London Electric Vehicle Company – has been hard at work building a fleet of modern day electric taxis.

Mia Bevacqua2017-08-17 10:02 PT

July 20th, 2017 News of the Day: Apple Secretly Working on Car Batteries with Chinese Firm, Elon Musk says Hyperloop Approved Between New York and Washington D.C.

July 20th, 2017 News of the Day: Apple Secretly Working on Car Batteries with Chinese Firm, Elon Musk says Hyperloop Approved Between New York and Washington D.C.

July 20th, 2017 News of the Day.

Eric Walz2017-07-20 12:22 PT