Alibaba forms AI technology partnership with BMW
March 27, 2025
The Chinese-German partnership aims to develop AI technology to support the development of the next generation of vehicles in China.
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Toyota Establishes New EV and Battery Production Company in China
February 10, 2025
Toyota has announced that it will establish a wholly owned production company in Shanghai to increase its production of EVs and batteries for its Lexus brand.
CATL unveils new battery for long-range hybrids
October 25, 2024
The battery, called Freevoy, is the world’s first hybrid battery with a range of more than 400 km, the Chinese company said.
Polestar CEO announces strategic review as EV deliveries drop
October 14, 2024
Polestar said it expects revenue for the full year to remain stagnant due to the difficult market conditions and import duties. Last year, it recorded a revenue of USD 2.38 billion.
Ingenlath steps down as CEO of Polestar
August 28, 2024
Thomas Ingenlath, who has served as CEO since Polestar's inception has resigned from the company and will officially step down on 1 October 2024. Michael Lohscheller, a seasoned automotive leader will assume the role of CEO.
ST maintains top spot in revenue ranking for SiC power devices
June 26, 2024
According to TrendForce, the SiC power devices market continued to display strong growth in 2023, driven by the use of BEVs. Roughly 91.9% of total revenue came from the top five suppliers; ST led the pack with a 32.6% market share, while Onsemi jumped from fourth place in 2022 to second place.
SK Group and Geely partner up on eco-friendly mobility
June 21, 2024
South Korea’s investment conglomerate SK Group has signed a framework agreement for strategic cooperation with Zhejiang Geely covering batteries, automotive electronics components and green energy.
STMicroelectronics and Geely cooperate
June 06, 2024
Third-generation SiC MOSFETs from the European giant will help increase the powertrain efficiency for Geely Auto Group battery electric vehicles. At the same time, companies have established an Innovation Joint Lab to support the development of smart, electrified, and connected cars.
Chinese state prepares to inject $830m into battery R&D
June 03, 2024
The Chinese government is planning to make its biggest ever investment in domestic solid-state battery tech.
MLCC shipments expected to increase by 6.8% in Q2
May 29, 2024
TrendForce reports that MLCC shipments in 1Q24 are expected to reach a three-quarter low. In the second quarter, demand for AI servers continued to grow steadily, while orders for other consumer electronics have fallen short of expectations due to traditional seasonal demand and preparations for China’s May Day holiday and the 618 shopping festival.
Navitas and SHINRY open R&D lab to advance EV power systems
January 26, 2024
Navitas Semiconductor has teamed up with Chinese EV battery specialist SHINRY to launch a new research facility.
Polestar aims to accelerate growth in China with new JV
June 20, 2023
The Swedish electric performance car brand is entering into a strategic joint venture for the Chinese market with technology company Xingji Meizu Group.
onsemi and Zeeker ink long-term supply deal for SiC power devices
April 26, 2023
onsemi and electric mobility brand Zeeker have entered into a long-term supply agreement under which onsemi will provide its EliteSiC silicon carbide power devices to increase the powertrain efficiency of Zeeker's smart EVs.
Global NEV sales reach 2.19 million units in 2Q22
August 17, 2022
The new car market remained under the shadow of supply chain shortages and the pandemic in 2Q22 but new energy vehicles (NEVs including battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles) still outperformed gasoline vehicles and maintained positive growth.
ROHM and Geely signs strategic partnership agreement
September 08, 2021
The global semiconductor manufacturer ROHM has entered into a strategic partnership with Geely Automobile Group Co., Ltd. to develop advanced technologies in the automotive field.
Volvo to take full ownership of its Chinese manufacturing and sales operations
July 21, 2021
Volvo Cars has signed an agreement with its parent Geely Holding to acquire Geely's stake in the parties joint ventures in China, with the aim of taking full ownership of its car manufacturing plants and sales operations in the country.
Volvo and Geely to create joint powertrain operations
July 08, 2021
Volvo Cars and its parent company Geely Holding have agreed to create a joint venture under the name Aurobay for its powertrain operations, as the companies proceed with their earlier announced plans to merge these into a new, stand-alone business.
Swedish electric SUV to be manufactured in the USA
June 17, 2021
Polestar, Volvo Cars premium electric car brand, says that its first all-electric SUV will be manufactured in the United States.
Polestar raises $550 million from new investors
April 15, 2021
Swedish electric car company Polestar, controlled by Volvo and its parent company Geely, has recently has raised USD 550 million from a group of long-term financial investors. And, the company is considering further fund raising.
Geely and Foxconn form joint venture
January 13, 2021
Geely Holding and Foxconn are looking to establish a joint venture company to provide OEM and customised consulting services – providing whole vehicles, parts, intelligent drive systems and automotive ecosystem platforms to global automotive companies.
Volvo Cars to produce electric motors in central Southern Sweden
December 09, 2020
The company says it will assemble electric motors at its powertrain plant in Skövde, Sweden, and plans to establish complete in-house e-motor production by mid-decade.
Polestar 2 production begins in Luqiao, China
March 30, 2020
Production of Polestar 2 has officially begun in Luqiao, China. The new electric performance fastback is the first electric vehicle to be produced by the facility.
Geely enters satellite industry with production & testing centre
March 05, 2020
Geely has started the construction of an intelligent satellite production and testing centre to facilitate in Taizhou, China, to be used for autonomous driving solutions.
Volvo and Geely considers a combined company
February 12, 2020
Volvo Car AB and Geely Automobile Holdings Limited are considering combining their businesses to create a strong global group, which would accelerate financial and technological synergies between the two companies.
Coming soon to a sky near you: Volocopter
October 25, 2019
Micron Ventures, the investment arm of Micron Technology Inc., has led a USD 55 million Series C investment round in urban air-mobility (UAM) pioneer Volocopter.
Volvo Cars and Geely to merge combustion engine operations
October 07, 2019
Volvo Cars and Geely says they intend to merge their existing combustion engine operations into a stand-alone business that will seek to develop next generation combustion engines and hybrid powertrains.
Geely & LG Chem to set up JV to produce batteries in China
June 13, 2019
Shanghai Maple Guorun, an indirect 99% owned subsidiary of Geely Automobile, the listed arm of Geely Auto, are establishing a new joint venture partnership with LG Chem of South Korea.
Volvo inks battery supply deals with CATL and LG Chem
May 15, 2019
Volvo Car Group says that it has signed long-term agreements with battery makers CATL and LG Chem to ensure the multi-billion dollar supply of lithium ion batteries over the coming decade.
Polestar 2 puts focus on China with manufacturing site
April 15, 2019
At the Chinese debut of the Polestar 2 in Shanghai, Polestar confirmed that production of the new electric performance fastback will take place in Luqiao, Zhejiang Province, from early 2020.
Daimler & Geely form JV to make smart an all electric carmaker
March 28, 2019
The German automotive group and Zhejiang Geely Holding Group are teaming up to form a 50-50 globally focused joint venture to own, operate and further develop the smart brand.
Geely team up with China aerospace firm to develop supersonic trains
November 06, 2018
Zhejiang Geely Holding Group says it has signed a strategic framework agreement with China Aerospace Science and Industry Corporation (CASIC) to cooperate on the development of supersonic trains and related technologies.
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