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Geely Preface Concept

Geely Exeed e-IUV Concept | Preview

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ZHEJIANG GEELY HOLDING GROUP COMPLETES GROUP LOTUS PLC TRANSACTION

• Geely Holding and Etika Automotive Announce Joint Board • Mr. Daniel Donghui Li appointed Chairman of Lotus Board • Mr. Jean-Marc Gales to continue in his role as CEO September 29th, Kuala Lumpur. Zhejiang Geely Holding Group (Geely Holding) today completed the transaction to purchase a majority stake in the British luxury sports brand Lotus.  Geely Holding now owns a majority stake of 51% in Lotus Advance Technologies Sdn Bhd (Lotus) with a minority 49% being held by Etika Automotive (Etika), a Malaysian automotive group. Company Structure With the transaction completed, the Board of Directors for Lotus has been formally established, consisting of five seats of which three are appointed by Geely Holding and two are appointed by Etika. Under this structure, Geely Holding has appointed Geely Holding’s Executive Vice President and Chief Financial Officer, Mr. Daniel Donghui Li as Chairman of the Lotus Board. Mr. Feng Qing Feng, Geely Auto Vice Presi...

Volvo Cars and Geely to deepen partnership and establish joint venture to boost synergies

Volvo Cars, the premium car maker, is planning to set up a new joint venture technology company with Geely Holding, the Chinese car group, to share existing and future technology, deepen industrial synergies and provide the economies of scale that will allow them to more rapidly develop next generation electrified vehicle technology. According to a Memorandum of Understanding signed today, Volvo Cars, Geely Auto and LYNK & CO will share vehicle architecture and engine technologies via cross licensing arrangements of technologies managed by the new joint venture. They will also cooperate more deeply by commonly sourcing components and cutting procurement costs. Volvo Cars, Geely Auto and LYNK & CO are controlled by Geely Holding, the Chinese car group. The new joint venture will be 50/50 owned by Volvo Cars and Geely Holding and be headquartered in China with a subsidiary in Gothenburg, Sweden. “Partnerships to share know-how and technologies are common practice i...

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SSC Tuatara Hypercar Earns World’s “Fastest Production Vehicle” Title

SSC Tuatara Hypercar Earns World’s “Fastest Production Vehicle” Title Tuatara Breaks World Records, as Racer, Oliver Webb Achieves 331MPH SSC North America, America’s first hypercar company, has reclaimed the coveted title of world’s “Fastest Production Vehicle,” this time with its 1,750hp Tuatara. With internationally acclaimed professional racing driver, Oliver Webb, at the Tuatara’s wheel, the record-breaking drive took place on the morning of Saturday, October 10, outside of Las Vegas near Pahrump, Nevada along a seven-mile stretch of State Route 160. Webb pushed the SSC Tuatara to an average speed of 316.11 mph (508.73 km/h) following two consecutive high-speed test runs of 301.07 mph (484.53 km/h) and 331.15 mph (532.93 km/h). In accordance with record criteria, the Tuatara traveled in opposite directions, clocking its speeds within one hour, to break the world record for “Fastest Production Vehicle.” Officials were on site to verify all world record criteria was met -- including...

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All-New Ford Escape Brings Style and Substance to Small SUVs with Class-Leading Hybrids, Flexibility and Exclusive Technology

DEARBORN, Mich., April 2, 2019 – With today’s reveal of the stylish new Escape, featuring the small SUV’s best-ever performance, flexibility and smart new technology, Ford is reinventing the model that helped drive the popularity of the segment. Escape, which debuted the world’s first hybrid SUV in 2005, brings back two hybrid choices for 2020, a standard hybrid and a plug-in variant, and introduces technologies ranging from drive modes and driver-assist features to electric vehicle ingenuity and on-board connectivity. “This all-new Escape brings a sleeker, sportier design with the capability to take you on just about any of your life’s adventures,” said Kumar Galhotra, Ford’s president, North America. “With our class-leading hybrid powertrains, customers will spend less time at the gas station and more time on the road.” To create a sportier look for the all-new Escape, designers turned to some of the most high- profile sports cars in the Ford showroom. The shield-shaped ...

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