Volvo Cars has signed an agreement with its parent holding company to acquire Geely Holding’s stake in joint ventures in China with the aim of gaining full control of car factories and sales in the country. The acquisition of an additional 50% stake in Daqing Volvo Car Manufacturing Co., Ltd...
Chinese automaker Geely, owner of Volvo and a stake in Daimler AG, has begun selling the Geely Xingyue L, a large seven-seat crossover that was unveiled in April this year. The car is offered at a price of $ 22,850, while it offers very rich equipment, and in terms of...
Volvo Car Group acquired an additional stake in Polestar, increasing its stake in the electric vehicle manufacturer controlled by Volvo’s parent company Geely to 49.5%. This investment follows Polestar’s first round of external funding in April. Then they managed to get $ 550 million, having interested Chinese investors Chongqing Chengxing...
Volvo Cars recently announced that it will do its own software development for its vehicles. The automaker explains this decision by the fact that “the attractiveness of the car is increasingly determined not by traditional car characteristics, but by the capabilities and functions defined by the software.” The next generation...
Three major European truck manufacturers – Daimler Trucks, AB Volvo and Traton – have announced plans to form a joint venture to build a network of charging stations for electric long-distance trucks and buses. Lack of charging infrastructure has been a major obstacle to the massive adoption of battery-powered vehicles,...
Mark Geragos of law firm Geragos & Geragos has revealed new details about the new Tesla Model S Plaid electric car that burned down this week. The Tesla Model S Plaid electric car, which just went on sale, caught fire on Tuesday, June 29, just three days after its owner,...
Chinese automaker Geely, owner of Volvo and Daimler AG, has unveiled the Geely Vision Starburst concept car, in which designers thought about space and the birth of a new star. Geely said the company tried to make the front end as visually striking as possible. The front grille and air...
The Norwegian Automobile Federation (NAF) has published the results of a new mass test of the range of modern electric vehicles. And the results turned out to be better than the manufacturers themselves claim. 19 cars participated in testing: Polestar 2, Citroen e-C4, Xpeng G3, Ford Mustang Mach-E, two Tesla...
Elon Musk held an official event in the US tonight to mark the start of deliveries of the frenzied Model S Plaid sedan – currently the fastest Tesla car and definitely one of the fastest sedans in the world. It is equipped with three electric motors (drive, of course, full)...
Chinese automaker Geely, owner of Volvo and Daimler AG, has announced prices for the large seven-seat Geely Xingyue L crossover, which was unveiled in mid-April. In China, a car costs between $ 23,150 and $ 29,340, depending on engine and equipment. Geely’s large premium crossover turned out to be cheaper...
Chinese automaker Geely, which owns Volvo and has a stake in Daimler AG, has submitted the necessary documents to the Ministry of Industry and Informatization of the People’s Republic of China to bring the new sedan of the Geely Emgrand line to the market. We now have the first images...
Chinese automaker Geely, owner of Volvo and Daimler AG, has unveiled the new Geely Icon compact crossover. The new Geely Icon features a distinctive design and 17- or 18-inch wheels. The special version of the Geely Icon Spring Limited Edition has received bright orange accents on the body and improved...
Chinese automaker Geely, owner of Volvo and Daimler AG, has unveiled the Geely Emgrand S compact crossover, which offers great equipment at a very affordable price. Geely Emgrand S became a modified version of Geely Emgrand GS, which received new bumpers, mirrors, headlights, radiator grill and other elements. The length...
AB Volvo said it had to stop its truck plant in Ghent, Belgium due to a shortage of semiconductor products. According to the automaker, the supply situation remains volatile, so the outages will continue in the future, at least in this quarter. The shortage of microcircuits has hit global automakers,...
The Swedish auto giant Volvo recently launched the XC40 Recharge P8, its first electric vehicle. And now he is preparing a second electric model called the Volvo XC20. It can be based on a platform developed by the Chinese company Geely. The fact that Volvo will adopt the new electric...
XC40 Recharge is made at the plant in Ghent, Belgium Volvo has launched its first electric car, the XC40 Recharge compact SUV. The car is manufactured at a factory in Ghent, Belgium. Volvo even shared a couple of photos from the assembly line. At the same time, the company...
