Archive for the ‘Geely’ Category

Britain’s Lotus Set to Reveal 1st New Model in 11 Years – and it Will Be Electric

Type 130 expected to be the first in a wave of new offerings.

by on Jun.04, 2019

The Type 130 will be the first all-electric British hypercar from Lotus, and it will be built in Hethel, England.

The long-struggling British sports car company Lotus is set to launch its anticipated turnaround program next month with the debut of its first new model in 11 years.

The automaker promises that the new sports car, dubbed the Lotus Type 130, will be electrifying. Quite literally, as it’s the first battery-powered model in the company’s 71-year history. We’ll find out for sure during a preview in London on July 16.

Product News!

During an announcement at the Shanghai auto show in April, Lotus boss Phil Popham declared that the new model will “mark a turning point” for the brand and “showcase” its capabilities. It will certainly illustrate the commitment that has been made by the company’s new owners, Zhejiang Geely Holding Group, which also owns Sweden’s Volvo. (more…)

China Car Sales Tumble for 10th Consecutive Month

Downturn comes as US trade war escalates, domestic economy slips.

by on May.13, 2019

Klaus Bischoff, VW design chief, shows off the SMV Concept at Auto Shanghai last month.

For much of the past two decades, China’s new vehicle market was the envy of the world, with routine double-digit annual growth approaching triple-digit gains on several occasions – but the numbers were down 14.6% in April, marking the 10th consecutive monthly decline.

At 1.98 million vehicles, China remains solidly in the lead as the world’s largest automotive market, but the downturn raises troubling issues for both foreign and domestically owned brands, such as General Motors, Volkswagen, Toyota, Geely and Great Wall, impacting industry earnings around the globe.

Global News!

With China locked in an escalating trade war with the United States and the country’s overall economy showing signs of weakness, industry analysts question how soon the car market will show a recovery. The downturn could force automakers to look for ways to export products from increasingly underutilized Chinese plants, according to observers.

(more…)

Geely Gets Smart with Daimler

Automakers form 50-50 venture to produce electric smarts.

by on Mar.29, 2019

Daimler and Geely executives celebrate the signing of their new deal.

Just as Daimler AG’s Smart division appeared to be on the outs with the support of Ola Kallenius, the incoming chairman and CEO, the company’s largest shareholder, Geely, swooped in and saved the oft-near death quirky brand.

In recent weeks, its been reported – including by TheDetroitBureau.com – when current Daimler CEO Dieter Zetsche retires shortly, the primary supporter of the Smart brand would no longer be around to protect the underwhelming product line and soon-to-be-top-dog Kallenius, who isn’t a fan, was ready to kill the vehicle.

Business News!

However, the company’s top shareholder, Chinese automaker Geely Motors, which bought a nearly 10% stake last year, jumped in at the last minute to save Smart by forming a new 50-50 joint venture between the two companies to produce the tiny EV in China. (more…)

Lotus to Build Cars in China

Geely gets approval for new plant in Wuhan.

by on Jan.17, 2019

As it develops new products, like the 3-Eleven, Lotus needs more manufacturing space, and it's getting it – in China.

Geely Holding’s acquisition of a majority stake in Lotus in 2017 virtually assured the oft-troubled sports car company would survive well into the future, and at some point, some of its cars would be produced in China.

Well, the future is now.

Global News!

Lotus’s Chinese parent plans to open a $1.3 billion factory in Wuhan that opens up a world of possibilities for the super car producer. The company could build more over-the-top vehicles, i.e. faster and better handling, or it could simple build more, i.e. volume. (more…)

Geely Chief Denies Family Ties to China’s President

Li Shufu looks to avoid charges of favoritism.

by on Oct.19, 2018

Geely Chairman Li Shufu sought to eliminate speculation about familial ties and special treatment by China's president.

Geely Automobile Holdings Ltd has moved to end speculation that its entrepreneurial chairman, Li Shufu, has benefited from political ties to China’s President for life, Xi Jinping.

Li Shufu, who is increasingly active in the global automotive industry, has moved to address the long-standing speculation that his wife was related to Chinese President Xi Jinping.

Business News!

The carmaker, which owns a stake in Germany’s Daimler and the firm that makes London black cabs as well as Volvo Cars, disclosed in a filing the name of his spouse was Li Wang, and she jointly held 4.9 million shares in the firm.  (more…)

Volvo Backs Out of IPO Due to Trade and Market Conditions

Trump's ongoing tensions with China and Europe push decision.

by on Sep.10, 2018

Volvo Chief Executive Hakan Samuelsson said that trade tensions between the U.S. and China as well as the EU were one reason to halt its IPO.

President Donald Trump’s seemingly ongoing trade war with, well, everyone as well as a less-than-robust period for auto stocks has forced Volvo Cars to put off its initial public offering — for now, anyway.

Volvo Cars, which is owned by China-based Geely, previously announced it was considering the IPO to help raise funds for additional research and expanding of production. However, the current trade tensions between the U.S. and China as well as the European Union has forced a rethink.

News Now!

“We’ve come to the conclusion that the timing is not optimal for an IPO right now,” Volvo Chief Executive Hakan Samuelsson told Reuters by telephone on Monday.  (more…)

Geely Sales in China Growing Fast

Automaker rises to No. 3 in China.

by on Aug.23, 2018

Geely is already marketing products like the Emgrand EC7 in Europe, making it the world's largest Chinese automaker.

Geely Automobile Holdings Ltd., which is rapidly emerging as one of China’s top automotive companies, saw its sales increase by 44% in its home market during the first half of 2018, the company reported.

The company reported that it sold 766,630 vehicles between January-June, and is the best-selling Chinese automaker globally, according to automotive data website Focus2move. The firm sold 1.2 million cars in 2017.

Global News!

Geely also said it was very confident of meeting or exceeding its full year sales volume target of 1.58 million units for 2018, as it plans to introduce five new models in China this year and expand its presence in Southeast Asia where demand for new vehicles is growing steadily. (more…)

Geely Readying to Plow $1.9B into Lotus Expansion

Could a Volvo-based crossover be in the works?

by on Aug.10, 2018

Geely is rumored to be ready to grow the Lotus brand, giving the Evora a crossover sibling or two.

Geely appears ready to expand its sphere of influence once again. The parent company of Volvo and major shareholder of Daimler AG is rumored to be examining the viability of putting $1.9 billion into sports car maker Lotus.

Holding 51% of the ownership stake, Geely is considering growing the company’s physical and intellectual presence in England with the idea of adding to the brand’s product line-up, including a crossover or smallish SUV, Bloomberg reported.

The Last Word!

Geely isn’t just looking to increase the size of the brand, it wants to expand the size of its ownership stake. It’s buying shares from Etika Automotive, which owns the other 49% of the company. (more…)

Volvo Hopes to Electrify Customers – and Investors

All-electric models now expected to generate half its sales by mid-2020s, with 1/3 self-driving.

by on Jun.08, 2018

The Volvo 40.2 Concept hints at what's coming with the marque's first all-electric vehicle.

Volvo took a lead in the push into electrification last year, announcing it would use some of battery-based drive system on all future products, whether mild, conventional or plug-in hybrids, or pure battery-electric. And, last January, it gave us a hint of what that first BEV would be with the debut of its 40.2 concept.

The production version will follow in 2019 and, if Volvo’s latest forecast is any indication, so will plenty of other all-electric models, as the Swedish automaker now says it wants them to generate half of its sales by mid-decade.

Plug In!

The mid-term plan Volvo is laying out is nothing if not ambitious. It also predicts that half of the Chinese-owned automaker’s sales will come from self-driving vehicles, and that half of its volume will come through its Care by Volvo subscription service, rather than conventional sales and leasing. Oh, and add a goal of boosting volume – and profitability – to match other premium manufacturers.

(more…)

Chinese Automakers Eyeing International Roles

GAC, Geely looking to make an impact globally.

by on Jun.06, 2018

Geely Chairman Li Shufu purchased 9.7% of Daimler AG for $9.2 billion, and expects to partner with them on electrification..

Guangzhou Automotive Corp. or GAC, one of the largest automotive enterprises in China, still plans to move ahead with plans to export vehicles to the United States in 2019 or 2020, a top GAC executive told the annual Global Automobile Forum in Chongqing, China.

Meanwhile Li Shufu, the entrepreneur who developed Holding Group and recently bought 9.9% of Daimler AG, said he expects to collaborate in the future with the German automaker.

News Now!

Li Shao, GAC vice president, said GAC is fully committed to becoming an international company. The objective of becoming an international company was one of the company’s objectives when it was first organized back in the 1980s, Li said. But very from the very beginning, GAC’s management understood it had a great deal to learn if it wanted to succeed and it also had to do well in China, Li said. (more…)


http://220km.net

Наш важный интернет-сайт , он описывает в статьях про Рерайтинг.
У нашей фирмы классный сайт с информацией про регистрация ооо киев https://winnerlex.com.ua