China's new premium electric vehicle brand Zeekr, which is owned by Chinese automaker Zhejiang Geely Holding Group Co. (“Geely”), has officially launched its second model, a sleek passenger van named the “009”. The electric multi-passenger van (MPV) will be the world’s first vehicle powered by an advanced battery developed by battery maker Contemporary Amperex Technology Co Ltd. (CATL) called the “Qilin”.
Eric Walz2022-12-19 13:45 PT
Premium Chinese EV Brand Zeekr Seeks to Raise $1 Billion in U.S. IPO, According to Sources
Newly launched electric vehicle brand Zeekr Intelligent Technology Ltd. ("Zeekr"), which is owned by Chinese automaker Zhejiang Geely Holding Group ("Geely"), aims to launch an IPO in the U.S. to raise capital from investors. Zeekr is planning to become a U.S.-listed company as early as the second quarter of 2023.
Eric Walz2022-12-12 12:30 PT
EV Brand Polestar Announces $1.6 Billion in New Financing as its Stock Price Falls Below $5
Electric performance vehicle brand Polestar, which is jointly operated by Sweden’s Volvo Cars and its parent company Chinese automaker Geely, announced its secured $1.6 Billion in financing from two major shareholders, including Polestar's parent company Volvo Cars, which is providing $800 million as part of an 18-month term loan with an equity conversion option.
Eric Walz2022-11-03 11:50 PT
Baidu-backed Chinese electric vehicle company Jidu officially launched its first vehicle, the limited-edition “ROBO-01 Lunar Edition”. It’s a futuristic EV that comes packed with advanced technology and “point-to-point Autopilot” (PPA) autonomous driving capabilities. Jidu's mission is to create and design a “human-centric, smart robotic vehicles with AI-powered human-machine interaction technology.”
Eric Walz2022-10-28 11:15 PT
New electric vehicle brand Zeekr Intelligent Technology Ltd. (“Zeekr”), which is owned by Chinese automaker Zhejiang Geely Holding Group ("Geely"), is mulling plans to launch an IPO in either the U.S. or Hong Kong. Geely announced the Zeekr in March 2021 as a standalone brand to compete with Tesla, XPeng, NIO Inc. and others in the premium EV category in China. The company is targeting tech-savvy, younger customers more likely to purchase an electric vehicle.
FutureCar Staff 2022-10-01 12:25 PT
Electric performance car brand Polestar has confirmed plans to put its electric roadster concept into production. The production version of the battery-powered sportscar car is expected to launch in 2026 as the “Polestar 6”. Polestar was able to take the classic look of iconic roadsters of the past and incorporate the design elements into a modern, fully-electric sportscar.
Eric Walz2022-09-22 09:00 PT
Leading computing hardware and semiconductor developers continue to expand into the automotive space as modern vehicles are becoming more like connected smartphones. That latest partnership is from Silicon Valley-based chipmaker AMD and mobility tech startup ECARX. The two companies will work together on an in-vehicle computing platform for next-generation electric vehicles (EVs).
Eric Walz2022-09-11 11:15 PT
The Smart brand, once was synonymous with the ultra-compact and low-priced Smart Fortwo, is getting a new life as an electric auto brand in China. The Smart brand is now a joint venture between Mercedes-Benz and Chinese automaker Zhejiang Geely Holding Group Co Ltd (“Geely”) named Smart Automobile Co., Ltd. The company officially launched its new electric SUV in China on June 6 dubbed the “Smart #1”.
FutureCar Staff 2022-07-16 13:00 PT
New Intelligent EV Company JiDU Reveals its Revolutionary Concept Production 'Robocar'
JiDU, the new intelligent electric vehicle (EV) company backed by China’s internet giant Baidu Inc and Volvo Cars’ parent company Zhejiang Geely Holding Group ("Geely"), unveiled its concept production “robocar” on Wednesday. The company says the futuristic vehicle is set to “revolutionize the automobile industry”, leading the way to an intelligent car era powered by advanced artificial intelligence.
Eric Walz2022-07-15 12:00 PT
Polestar Shares the First Image of the Polestar 3 Electric SUV Ahead of its October Debut
Electric performance automaker Polestar has announced that the world premiere of its next electric vehicle, the Polestar 3 electric-performance SUV, will be in Oct 2022. The company released the first image of the electric SUV on Tuesday, which will be built at Volvo's factory in South Carolina beginning in early 2023.
FutureCar Staff 2022-07-14 08:25 PT
Electric performance brand Polestar, which is jointly operated by Volvo Cars and its parent company Geely in China, announced record sales in the first four months of 2022 along with a growing number of vehicle orders. Polestar credits its continued global expansion for the rising number of vehicle orders. The company also announced it will officially unveil the new Polestar 3 SUV in October, which will be built in the U.S.
Eric Walz2022-06-26 09:00 PT
The More Affordable, Single-Motor FWD Polestar 2 EV is Now Available in the U.S.
Polestar, the new electric brand established in 2017 and operated by Volvo Cars and its parent company Chinese automaker Zhejiang Geely Holding ("Geely"), has announced that its more affordable, single-motor, front-wheel-drive Polestar 2 hatchback is now available in the U.S. The single-motor Polestar 2 offers up to 270 miles of range and has a starting price of $45,900 before incentives, which is the lowest priced vehicle in Polestar’s current lineup.
FutureCar Staff 2022-04-30 15:30 PT
Baidu & Geely’s New Smart Electric Vehicle Company JiDU Raises $400 Million in Series A Round
Newly formed intelligent electric vehicle company JIDU announced that it has closed on $400 million in Series A financing. The funding round was backed by China’s internet giant Baidu Inc and its strategic partner automaker Zhejiang Geely Holding Group ("Geely"). JIDU is committed to creating a revolutionary electric vehicle that combines “intelligence and emotion”, which it says will lead to a profound change in personal transportation.
Eric Walz2022-03-04 09:00 PT
JiDU Automotive, the new electric vehicle venture formed by China’s internet technology giant Baidu Inc and Chinese automaker Geely, will use the powerful NVIDIA DRIVE Orin system-on-a-chip (SoC) in its first model to support L4 autonomous driving capabilities, the company announced.
Eric Walz2022-02-13 10:00 PT
Waymo’s New Robotaxis Will Be Built By Chinese Automaker Geely’s New Premium Electric Brand Zeekr
Autonomous driving developer Waymo, which spun out of Google’s self-driving car project, unveiled its new electric robotaxi vehicle that will be built by Zeekr, the new premium electric brand from Chinese automaker Geely. Zeekr was established in March as a standalone brand to compete with Tesla, XPeng, NIO Inc. and others in the premium EV category in China.
Eric Walz2022-02-04 09:30 PT
Volvo Cars Shares Surge 22% After its $2.3 Billion IPO and Debut on the NASDAQ Stockholm
Swedish automaker Volvo Cars is the latest automaker to go public after the company completed its planned European IPO on Friday. The automaker's shares are listed on the NASDAQ Stockholm. Volvo Cars scaled back its IPO earlier this week, pricing it at the low end of its previously announced range of SEK 53 to 68 per share. The shares surged 20% reaching SEK 63 (US$7.32) on the first day of trading before settling back near the offer price.
FutureCar Staff 2021-12-05 13:30 PT
Volvo Cars Announces Plans for an IPO, Aims to Raise $2.9 Billion
Sweden-based automaker Volvo Cars, which is owned by Chinese automaker Zhejiang Geely Holding Group Co. (“Geely”), on Monday announced its intention to launch an Initial Public Offering (IPO) and to list its class B shares on Nasdaq Stockholm. For the proposed IPO, Volvo Cars is expected to issue new shares to raise gross proceeds of approximately SEK 25 billion (US$2.8 billion).
FutureCar Staff 2021-11-10 11:30 PT
After months of rumors, electric-performance vehicle brand Polestar, which is jointly operated by Swedish automaker Volvo Cars and its parent company Chinese automaker Zhejiang Geely Holding (“Geely”), announced on Monday an agreement to merge with special purpose acquisition company (SPAC) Gores Guggenheim, Inc.
Eric Walz2021-11-03 10:15 PT
Swedish automaker Volvo Cars has struck a deal to buy out parent company Zhejiang Geely Holding (Geely) from its joint ventures in China, in a move that could make a possible initial public offering (IPO) of Volvo Cars more attractive to investors. Chinese automaker Geely is the parent company of Volvo Cars and the two companies are joint venture partners in China building cars for the local market.
FutureCar Staff 2021-08-27 13:00 PT
Volvo Cars to Take a Bigger Stake in Electric-Performance Brand Polestar
Swedish automaker Volvo Cars is acquiring additional shares in electric electric performance vehicle brand Polestar, the automaker announced on Monday. The additional shares in Polestar will increase Volvo Cars’ stake to 49.5%. Polestar is the new EV brand operated by Volvo Cars and its parent company Chinese automaker Zhejiang Geely Holding Group Co (Geely).
FutureCar Staff 2021-08-18 13:20 PT
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Electric cars set to become more affordable
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