Tag: Geely

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…)

By on April 19, 2018

Polestar is building the cars Volvo can’t rationalize for its core demographic — high-powered electrics not intended for the general populace. While the brand has tweaked its Swedish autos in the past, Geely’s acquisition of Volvo Cars has seen Polestar evolve into a standalone division with its own unique performance lineup. But its stables are currently empty, at least until Polestar 1 enters into production.

In the interim, the Volvo subsidiary will continue showing the 600-horsepower coupe off to whet the appetites of the global market. That includes the United States because, as of last month, you can preorder one for yourself for $2,500. But production won’t begin in China until next year, and Geely doesn’t want that factory to go to waste. So Polestar will likely trickle out information and multimedia relating to its first model for the entirety of 2018.

This week, we were treated to a video of it attacking a snowy rut during some extreme winter testing inside Sweden’s portion of the Arctic Circle. Interestingly, the car in the video is camouflaged. But we’ve already seen the 2-door sports hybrid uncovered at the Geneva Motor Show — and it just us, or does the Polestar 1 look a little bit like Lincoln persevered with the LS and eventually spawned a coupe variant?  (Read More…)

By on March 27, 2018

Lynk & Co, the Geely-owned sister brand to Volvo, is rounding out its product lineup with the announcement of a new sport utility vehicle. For clarification, it’s not really an SUV, as Lynk only builds car-based crossovers — and it’s also not entirely new, because it appears to be a squished-down version of the existing 01, itself based on the Volvo XC40. But this recipe may still have produced something novel for the fledgling automaker.

Based on claims from the manufacturer, what we have here is a shortened, lowered, and girthed-up sporting version of its existing crossover. Called the “02,” it’s an even more wagon-like CUV (that stops short of being a full-blown car). This makes sense, as the brand is already planning an “03” sedan. Spy shots of the sedan prototype reveals it more or less resembles an 01 “SUV” with a lowered ride height and different roof.

In fact, all of these vehicles look so similar that it almost feels like Lynk & Co is trying to pull a fast one on us. However, a critical eye reveals subtle styling cues that differentiate the models, even if it’s only slightly. (Read More…)

By on February 28, 2018

2019 Ram 1500

After last week’s announcement of a $9 billion Daimler stock buy-up by China’s Geely Group, an old story is once again rearing its head. Remember last year’s buzz surrounding a possible takeover of Fiat Chrysler Automobiles? The rumors CEO Sergio Marchionne subsequently refuted? Yes, that story.

A new report claims Geely did indeed give FCA the once-over, even engaging in preliminary talks. Obviously, this first date went nowhere, as Geely now owns nearly 10 percent of German auto giant Daimler, not the maker of Jeeps and Rams. (Read More…)

By on February 24, 2018

2017 Mercedes-Benz C350e grille hood ornament - Image: Mercedes-Benz

Unlike German auto titans BMW Group and Volkswagen Group, Mercedes-Benz parent company Daimler didn’t have the stabilizing effect of a family or individual with a massive, long-term cache of company shares. That’s no longer the case, as Geely Group owner Li Shufu has announced his purchase of a 9.69 percent stake in the German automaker.

This makes Shufu Daimler’s largest single shareholder.

The Chinese auto tycoon, whose Zheijang Geely Holding Group manages car-producing Geely Group, already owns Volvo Cars and Lotus, and is a major shareholder in truck builder Volvo AB. Always on the hunt for opportunities, the near 10-percent stake in Germany’s largest luxury automaker should give Shufu the partnership he’s looking for.  (Read More…)

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