Xingji Meizu completes CNY 2 billion financing On November 16, Xingji Meizu Group (Xingji Meizu), a smartphone manufacturer subordinate to Geely, announced the completion of Series Angel+ and A financing worth CNY 2 billion in total in 2023, which brings its post-investment valuation to over CNY 10 billion. Xingji Meizu is the first in the industry to propose the concept of “mobile phone domain”, the 6th domain beyond the five conventional au...

News  Updated at: 2023/11/21

Polestar Day in LA: Korean production in 2025, V2G projects, StoreDot’s XFC demo On November 9, at its inaugural Polestar Day in Los Angeles, California, Polestar’s full range of future models was exhibited together for the first time, including Polestar 3, Polestar 4, Polestar 5, Polestar Precept, the Polestar Electric Roadster Concept and Polestar Synergy. At the exhibition, Polestar confirmed that manufacturing of Polestar 4 in Hangzhou Ba...

News  Updated at: 2023/11/10

Polestar, Sweden partners with Evnex, New-Zealand for EV charging solutions in Australia On October 17, Polestar announced that it has selected Evnex, a New Zealand-based manufacturer of charging equipment, as its preferred home-charging hardware provider in Australia. Evnex uses smart-charging technology to allow customers to prioritize solar or grid energy, account for the tariffs and different energy mixes of each state and territory, and bala...

News  Updated at: 2023/10/18

Polestar, Sweden conducts hot weather testing of Polestar 3 in UAE On September 26, Polestar announced that it conducted extremely hot weather testing of Polestar 3 in the United Arab Emirates. The 2-weeks testing process was conducted in the urban metropolises and deserts surrounding Dubai and Abu Dhabi in temperatures up to 50 degrees Celsius (122° F) and is one of several extreme weather tests that Polestar cars undergo during development.The...

News  Updated at: 2023/09/27

Tesla delivers 83% more vehicles in Q2, operating income down 2.6% to USD 2.4 billion Tesla announced its financial results for the second quarter of 2023 on July 19.Sales increased 47.2% to USD 24,927 million, operating income fell 2.6% to USD 2,399 million, and net income increased 19.7% to USD 2,703 million. Adjusted EBITA increased 22.7% to USD 4,653 million, and operating margin was 9.6%, a significant drop from 14.6% in the same period last...

News  Updated at: 2023/07/20

Dodge, Alfa Romeo top brands in J.D. Power’s 2023 U.S. Initial Quality Study On June 22, J.D. Power released its influential 2023 U.S. Initial Quality Study in which owners of 93,380 2023 model year vehicles were asked about problems in various areas.The study noted a rise in problems 12 PP100 greater than in 2022, especially with driver assistance features and aerodynamically-designed exterior door handles that are difficult in actual use.The ...

News  Updated at: 2023/06/24

Toyota, Lexus, BMW top Consumer Reports 2022 Auto Reliability Report On November 15, Consumer Reports (CR) released its 2022 Auto Reliability Report.Toyota, Lexus, and BMW are the top three most reliable brands in CR’s annual auto reliability brand rankings, with BMW jumping up 10 spots from 2021 to join the two most reliable brands in the survey.Every year, CR asks its members about problems they’ve had with their vehicles in the previous 1...

News  Updated at: 2022/11/22

Autocrypt, Korea joins MobilityXlab, Sweden for mobility innovations On June 28, Autocrypt announced that it has been selected as one of MobilityXlab's newest startups to co-create mobility solutions with industry accelerators and enable projects between partner companies. Led by industry giants CEVT, Ericsson, Polestar, Veoneer, Volvo Cars, Volvo Group, and Zenseact, MobilityXlab facilitates partnerships between startups in the industry and aims...

News  Updated at: 2022/06/29

IAA 2021: Hydro presents electric transporter concept Re:Move Hydro presented Re:Move, a multi-functional electric transporter concept that offers a more-sustainable approach for last-mile delivery at the IAA 2021. The prototype highlights the use of low-carbon aluminium and other lightweight materials for a vehicle designed for urban and rural use. It is the result of a unique collaboration between designer Konstantin Grcic, electric car maker P...

News  Updated at: 2021/09/09

Polestar, ChargePoint partner to transform EV ownership in U.S. On March 9, Polestar Cars and ChargePoint announced the creation of a new charging partnership to enable a seamless ownership experience for drivers of electric vehicles. The partnership debuts alongside the first product innovation from the brand collaboration: an embedded charging app for the Polestar 2 electric fastback that eliminates the need for a smartphone, RFID card or other...

News  Updated at: 2021/03/11

Euro NCAP publishes ratings for Polestar 2 and Cupra Formentor On March 3, Euro NCAP announced that with its first 2021 safety ratings publishing, two new cars – the Polestar 2 and the Cupra Formentor – achieve the maximum five-star rating against the latest protocol regime.  The Renault Arkana and Lexus UX 300e, both derived from previously-tested models, are added to the list of 2019-rated cars. In both adult occupant and child occupant pr...

News  Updated at: 2021/03/03

Auto China 2020 open in Beijing On September 26, 2020, the Beijing International Automotive Exhibition 2020 (Auto China 2020) is open in Beijing. The event is held at the old and new venues of China International Exhibition Center (CIEC) in the city. The new CIEC venue houses passenger vehicles and commercial vehicles exhibited by domestic and overseas automakers. With regard to the schedule at the new CIEC venue, September 26 and September ...

News  Updated at: 2020/09/26

Polestar prepares to launch in Switzerland On November 27, Polestar announced that it will launch in the Swiss market in 2020, with retail Spaces to follow. Customers will have a direct, digital-first relationship with Polestar, but will also be able to interact with the brand further at any of a number of retail Spaces globally. Locations of Polestar Spaces in Switzerland will be announced in due course. The decision underlines the speed at whic...

News  Updated at: 2019/11/28

Polestar 2 chassis development in final stages On October 16, Polestar informed that its chassis development is in its final stages as the new electric performance fastback is being readied for production in early 2020. As an electric performance brand, Polestar is focused on creating a unique driving sensation that sets Polestar cars apart and offers drivers a fun and engaging experience.Polestar 2 is a performance car from the outset. With 300 ...

News  Updated at: 2019/10/16

Volvo Cars starts Chinese production of XC40 small SUV in multi-brand Luqiao plant On April 12, Volvo Car informed that it is starting production of the XC40 in Luqiao, China this week to meet ever growing demand for the company’s first small premium SUV. Until now Volvo Cars’ Ghent plant in Belgium has been the sole production site for the XC40, which has sold over 100,000 units globally already. As of this week, XC40s for the Chinese marke...

News  Updated at: 2019/04/12

Geely completes 8.2%-share acquisition in Volvo Group On June 28 Geely Holding Group (Geely Holding) announced that it has completed an 8.2%-share acquisition in Volvo Group (Volvo), becoming its largest shareholder with the second largest voting rights share of 15.6%.On December 27, 2017, Geely Holding signed an agreement with Cevian Capital (Cevian) for this acquisition. According to the agreement, Cevial will sell its share in Volvo to HKTDC a...

News  Updated at: 2018/07/02