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Lotus upgrades test facilities with multi-million-dollar Geely investment
News
13th Oct 2020
2 min read

Lotus upgrades test facilities with multi-million-dollar Geely investment

Lotus is in the process of upgrading its Hethel headquarters and testing facilities, as part of a push to modernise the brand and develop its zero-emission line-up. The most prominent element of the multi-million-dollar investment is a new electric drive unit test cell. According to the Geely-owned manufacturer, this will allow engineers to test EV motors, gearboxes and supporting electronics under simulated real-world conditions.
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William Davis
London Electric Vehicle Company predicts massive growth for 2020
News
24th Feb 2020
1 min read

London Electric Vehicle Company predicts massive growth for 2020

Geely-owned electric vehicle (EV) maker, London Electric Vehicle Company (LEVC) has forecasted major growth for 2020 following its 2019 sales figures. After selling more than 2500 of its hybrid TX taxi and shuttle variants across 2019 (up from 1300 in 2018), the marque has begun preparations for a projected further 50 per cent increase in demand in 2020. LEVC believes it will be selling into 20 markets globally by the end of 2020.
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Liam Murphy
Aston Martin in talks with Geely after profit warning - report
News
14th Jan 2020
2 min read

Aston Martin in talks with Geely after profit warning - report

Aston Martin is reportedly talking to two potential investors as it attempts to sure up its finances. Last week, the luxury sports car maker issued a profit warning as it expects its 2019 earnings to be between £130 million ($248 million) and £140 million ($267 million), a fall of at least 43 per cent from 2018. Sources have told Bloomberg Chinese automaker Geely is holding talks about acquiring a stake and adding capital, although it's not clear how much money Geely is looking to invest.
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Derek Fung
Volvo XC40 EV to debut this year
News
1st Apr 2019
2 min read

Volvo XC40 EV to debut this year

Volvo is set to reveal an electric variant of its XC40 SUV later this year, the company has confirmed. Speaking with industry journal Automotive News Europe, at a safety event in Gothenburg, Sweden, Volvo officials indicated the EV will debut before the end of 2019, before hitting showrooms in global markets from 2020. The spokespeople declined to comment further, however.
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James Wong
Mercedes-Benz talking with Tesla on LCVs, Geely on cooperation
News
7th Feb 2019
2 min read

Mercedes-Benz talking with Tesla on LCVs, Geely on cooperation

Dieter Zetsche, outgoing CEO of Daimler, parent company of Mercedes-Benz and Smart, has said talks regarding electric commercial vehicles "are happening" with Tesla The two carmakers have been in contact since November, when Elon Musk, CEO of Tesla, tweeted: "Maybe interesting to work with Daimler/Mercedes on an electric Sprinter. That’s a great van. We will inquire." Speaking to Automotive News, Zetsche stated the "outcome [of the talks] is open".
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Derek Fung