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French automaker Renault announced that it's considering introducing battery swapping technology in its electric cars. This could potentially make it the first major international automaker [.] ....
Geely chairman wins Man of the Year award 5 SHARE MUSCAT: Li Shufu, the Founder and Chairman of Geely Holding Group, has been named “Man Best 2017” by Autobest, the largest independent automotive jury in Europe, representing 31 countries and 630 million readers. The annual awards were presented at the Autobest Gala 2018 in Salzburg’s historic Karl Böhm Saal in Austria, recently. About 95 per cent of the European population is represented through the jury’s many international motoring media outlets. Li Shufu heads the expansive and growing Geely automotive group, integrating leading brands from across the globe that include Volvo Cars, Proton, Lotus and London Taxi. The group has also embarked on the launch of a revolutionary approach to the car market with the new Lynk & Co brand – which is already established as a top seller in China, just weeks after going on sale. ....
Baidu s Jidu Auto to invest $7.7 billion in robot smart cars SECTIONS Last Updated: Apr 23, 2021, 04:02 PM IST Share Synopsis Xia Yiping said on Friday that the funding would come from Baidu and other investors and Jidu would aim to launch its first electric vehicle in three years, as is standard for the industry, but would make efforts to speed this up. Reuters Jidu Auto CEO Xia Yiping Jidu Auto, an electric vehicle venture between China s tech giant Baidu and Chinese automaker Geely, aims to plough 50 billion yuan ($7.7 billion) into producing smart cars over the next five years, its chief executive told Reuters. ....
Exclusive: Baidu s auto venture to invest $7.7 billion into smart cars over next five years - CEO 3 Min Read BEIJING (Reuters) - Jidu Auto, the electric vehicle venture between China’s tech giant Baidu and Chinese automaker Geely, aims to pour 50 billion yuan ($7.70 billion) into making smart cars over the next five years, Jidu’s chief executive told Reuters on Friday. Slideshow ( 3 images ) Xia Yiping said Jidu would aim to launch its first electric vehicle (EV) in three years, as is standard for the industry, but would make efforts to speed up that process. Its first model would look like a “robot” and would target young customers, Xia said, adding that Jidu would analyse big market data before deciding on a final model. ....
By Reuters Staff Slideshow ( 2 images ) NINGBO, China/BEIJING (Reuters) -Chinese automaker Geely, owner of Volvo Cars, on Thursday launched a high-end electric vehicle (EV) brand named Zeekr, targeting China’s growing appetite for premium EVs that has boosted sales for Tesla and Chinese peer Nio. Parent Zhejiang Geely Holding Group and Geely Automobile said last month they would jointly invest 2 billion yuan ($306 million) in the new venture, seeking to position Zeekr as a startup under Geely group, also known overseas for its 9.7% stake in Germany’s Daimler AG. The price tags for Zeekr cars will be around 300,000 yuan, and Flynn Chen, Zeekr’s vice president, said the brand will explore new sales and marketing methods, including allowing customers to subscribe to car-using rights and offering a stake in the company to car buyers. ....