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Tag Archives: Geely Holding
Volvo Cars Shows Concept Recharge EV
By using sustainable materials inside the car, equipping it with tires from recycled and renewable material, improving aerodynamics Volvo Cars can take steps to reduce its carbon impact through the car itself. Combining those with the use of clean energy throughout a de-carbonized supply chain, manufacturing process and use phase of the car, Volvo Cars believes it can reduce a car’s lifecycle CO2 impact by 80% versus a 2018 Volvo XC60, without losing the qualities that Volvo cars have become known for. This would mean that the Concept Recharge would have an overall lifecycle CO2 impact below 10 tons, when charged with 100% renewable energy – if, big if, Volvo is able to pull this off in a global economy that is self-destructing from the use of subsidized fossil fuels and little progress on addressing Global Warming. Continue reading
Posted in concept, electric vehicles
Tagged auto industry commentary, autoinformed.com, Concept Recharge, Geely Holding, Ken Zino
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Daimler and Geely Form Joint Venture to Develop smart
It’s said that smart will gain shared expertise in manufacturing, engineering and design from both groups. Also, smart will expand to meet demand for electrification, with production based in China. The EVs will be assembled at a new purpose-built electric car plant with global sales due to begin in 2022 in what is said to be an all-electric product renewal. Continue reading
Chinese EV Trade Wars Hits Volvo Cars
Volvo Cars (VOLCAR B:STO) today announced the selling of its 30% stake in Lynk & Co to Zeekr, a transaction representing a consideration of RMB 5.4 billion (~ SEK 8 billion). The transaction will be paid in cash, with 70% of the amount paid at closing, and 30% plus interest paid one year after closing. The transaction is expected to close during the first quarter of 2025. Volvo Cars is currently trading near its all time low.
The transaction involves Volvo Cars (China) Investment Co., Ltd, an indirect subsidiary of Volvo Car AB, selling its share in Lynk & Co Automotive Technology Co., Ltd to Zhejiang Zeekr Intelligent Technology Co., Ltd, an indirect subsidiary of Zeekr Intelligent Technology Holding Limited. Continue reading →