Tag: Geely

By on October 7, 2019

2019 Volvo Cars USA full lineup - Image: Volvo

Volvo’s relationship with its Chinese parent is about to grow even closer. The Swedish car maker and its parent company, Geely, proposes to put an end to separate engine development, with engineering teams from both companies tasked with building common powerplants for all marques in Geely’s broad orbit.

For Volvo, the move to a new standalone business for its internal combustion engines would be beneficial, given its plan for the brand’s future. (Read More…)

By on August 21, 2019

China’s Geely Automobile Holdings Ltd said on Wednesday that its first-half net profit slipped 40 percent due to the extended economic downturn impacting in the region. According to Reuters, the manufacturer posted a net profit of 4.01 billion yuan ($568.5 million) during the most recent half vs the 6.67 billion yuan it made over the same period a year earlier.

Sales growth is also down. Between January and June, Geely sold 651,680 vehicles — roughly 15 percent less than in the same period in 2018. Finding something to attribute that to will be easy, however. China’s automotive market has been on a downhill slope for 13 consecutive months and we know of at least two reasons why.  (Read More…)

By on July 23, 2019

Beijing Automotive Group Co Ltd (BAIC) announced on Tuesday that it had purchased a 5 percent stake in Daimler AG. Despite the pair have been partners in Asia since 2003, via the Beijing Benz Automotive joint venture, Zhejiang Geely Holding Group purchased nearly 10 percent of the German company in 2018 and was reportedly seeking high levels of cooperation.

As one of Geely’s direct rivals, BAIC claimed its investment would help solidify the relationship with Daimler. “This step reinforces our alignment with, and strong support for, Daimler’s management and strategy,” BAIC chairman Heyi Xu said in an official statement. (Read More…)

By on July 17, 2019

Lotus has finally revealed its new halo vehicle, the Evija, claiming it will become “the world’s most powerful production car.” However, due to the Evija’s extremely limited availability and 1.7 million-pound ($2.1 million) price, there’s a lot undercutting that claim. It also leads Lotus away from its role as a scrappy underdog, delivering stripped-down featherweights designed to embarrass similarly priced sporting vehicles with more luxurious amenities.

When you think of present-day Lotus, you don’t typically think grandiose — but that term sums up the Evija rather well. Lotus Cars CEO Phil Popham said it would be like nothing else and “re-establish our brand in the hearts and minds of sports car fans and on the global automotive stage,” while simultaneously paving the way for new models.  (Read More…)

By on June 3, 2019

Lotus hasn’t delivered an entirely new model since the Evora debuted over ten years ago. The clock will reset come July 16th, when the company unveils the Type 130 in central London. Approved by Chinese-parent Geely and shrouded in secrecy, the 130 will represent a major change for Lotus as the brand’s first all-electric hypercar.

However, the baby is reportedly not being thrown out with the bathwater. The automaker has confirmed that the model will still be manufactured at its longstanding headquarters in Hethel, Norfolk, and remain hand-built by Britain’s finest.  (Read More…)

By on May 29, 2019

Like all automakers, Volvo is keen to promote itself as a cutting-edge manufacturer, and now has a new tool in its arsenal to impress tech-obsessed shareholders. Thanks to a corporate partnership with Varjo, the brand says it will begin implementing the latest in VR headsets to help streamline development. However, Volvo’s plan is more concerned with augmenting our existing realities than creating new ones.

By using Varjo’s new XR-1 headset, the automaker believes it can manufacture plausible portions of augmented reality littered with virtual obstacles and encounters that are as real to the driver as they would be to the car — without putting either in any legitimate danger. This is ultimately supposed to allow the company to effectively test real vehicles sporting autonomous hardware while subjecting living subjects to the same experience. But the full depth of these simulations has yet to be explored.  (Read More…)

By on May 17, 2019

lotus evora gt430

After Chinese auto giant Geely took a controlling stake in Lotus two years ago, the British brand has prepared itself for a turnaround. With a more stable financial footing secured, Lotus can be whatever it wants to be.

Enthusiasts want it to remain Lotus, only with an actual range of vehicles on offer. Group Lotus’ CEO, who also happens to be Geely’s chief technology officer, knows what he wants         the brand to mimic: Porsche. Feng Qingfeng has great fondness for the brand’s would-be rival, calling its products “wonderful.”

It seems he’s also okay with an SUV. (Read More…)

By on April 12, 2019

Image: Geely

The ever busy Geely Auto Group unveiled both a car and a brand on Thursday, lifting the sheets off the first model sold under the Chinese auto giant’s Geometry brand — the Geometry A. Efficiency in naming seems to be part of Geely’s MO.

Positioned to capture low-priced electric vehicle buyers in China, Europe, and elsewhere, the all-electric brand’s first offering strives for “minimalistic elegance” … and big, big sales. Oh, and it comes in Standard Range and Long Range versions. Now, why does that sound familiar? (Read More…)

By on March 28, 2019

smart fortwo electric

Contrary to past media reports, the Smart brand will not join the likes of Plymouth, Scion, and Pontiac in the great automotive graveyard. If that’s a good thing in your books, send a note of thanks to China’s Geely Holding, savior of Volvo and Lotus.

On Thursday, Smart parent company Daimler and Geely announced a 50:50 joint venture to develop and build a new generation of global-market Smart models in China. (Read More…)

By on March 20, 2019

Volvo has burdened itself with the unrealistic duty of ending fatalities in its cars. While an admirable goal, eliminating roadway mishaps in their entirety is an exceptionally tall order. We’ve often wondered how the company intends to progress toward its zero-death target. The automaker has already said it intends to reduce speeding by limiting the top speed of all models to 112 mph.

On Wednesday, the company said it will introduce an orange “Care Key” that allows owners to apply whatever maximum velocity they desire (below 112 mph) and an in-car camera system designed to keep you from misbehaving behind the wheel. Volvo’s commitment to safety seems to exist without boundaries, but it leaves us wondering how far is too far.  (Read More…)

By on February 28, 2019

Polestar, Volvo’s former performance division (which parent company Geely insisted be spun off as its own electric car brand), announced its second automobile on Wednesday. Whereas the Polestar 1 was a 600-horsepower hybrid coupe, Polestar 2 adds a set of rear doors and does away with internal combustion altogether.

For all the “Tesla fighters” out there, this one comes the closest to giving the Model 3 a run for its money. With a targeted range of 275 miles, accomplished via a 78-kilowatt-hour battery pack structurally integrated into the vehicle’s floor, Polestar 2’s in the sweet spot for range. But it also happens to be the correct shape (five-door fastback) and price to ensure its gets stuck in Elon Musk’s tastefully shorn hair.  (Read More…)

By on January 4, 2019

Polestar, the performance-oriented luxury brand created by Volvo’s Chinese parent company Geely, already has a 2-door hybrid sports car coming down the pipe later this year — the Polestar 1. However, the company is already teasing a follow-up sedan that aims to remove the internal-combustion component entirely and take on the likes of Tesla’s Model 3.

Dubbed the Polestar 2, the model will be a four-door fastback built on a modular platform with a battery pack intended to deliver roughly 300 miles of range on a single charge. While that sounds competitive, Volvo has previously indicated the Polestar 2 might start around $50,000. That’s not a far cry from the Model 3’s current starting MSRP of $44,000 ($46,000 until a few days ago), though Tesla promises a base version in the neighborhood of $35,000 later this year.  (Read More…)

By on September 10, 2018

After hiring financial advisors earlier this year, a move many believed was a precursor to an initial public offering (IPO), Volvo parent company Geely now claims the waters are too choppy to float any shares in the resurgent Swedish automaker.

First reported by the Financial Times this past weekend, the Chinese holding company says there’s too many uncertainties and headwinds in the industry right now. Thus, no Volvo stock for you. The biggest uncertainty is the one that’s keeping automakers on edge the world over. (Read More…)

By on August 9, 2018

lotus evora gt430

Zhejiang Geely Holding Group, the massive Chinese conglomerate that owns Volvo Cars and a controlling stake in Lotus, wants to turn the British sports car maker into a big deal. Potentially, a deal big enough to give Porsche bouts of anxiety.

That’s what sources with knowledge of Geely’s plans tell Bloomberg. The parent company’s efforts will reportedly include new facilities and assembly plants, funded by a cash injection totalling nearly $2 billion. (Read More…)

By on June 21, 2018

The ground beneath the factory Volvo Cars opened Wednesday in South Carolina grew shakier after company executives warned that the U.S.-China trade dispute could undo plans to create up to 4,000 auto jobs in the state.

As you probably know, Volvo is currently owned by Chinese automaker Geely — which has a lot to lose if trade relations break down. Geely intends to export Volvo’s American-built cars to markets outside the United States. The situation’s a problematic one, as Volvo also imports the bulk of its U.S. market vehicles and any economic hurdles would surely gum up the works. (Read More…)

Recent Comments

  • Hummer: +1 this
  • markmeup: Baahahaha!
  • Hummer: “ Quit twisting my statements around to suit your anti China bias.” What? Is your whole comment sarcasm?...
  • thejohnnycanuck: It did. The base Z has 332 and the Nismo has 350.
  • slavuta: Without NISMO it is impossible even to look at Nissan

New Car Research

Get a Free Dealer Quote

Staff

  • Contributors

  • Timothy Cain, Canada
  • Matthew Guy, Canada
  • Ronnie Schreiber, United States
  • Bozi Tatarevic, United States
  • Chris Tonn, United States
  • Corey Lewis, United States
  • Mark Baruth, United States
  • Moderators

  • Adam Tonge, United States
  • Corey Lewis, United States