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That’s Rich: Geely Wants To Make Lotus A Ferrari Rival 3
Dec
Posted by Michael Karkafiris in Ferrari, Geely, Lotus, Reports on 12 3rd, 2017


Two months after it completed the purchase of Lotus, Geely is laying out its plans for the British sports car manufacturer – and we have to say, they’re pretty ambitious.

Although it hasn’t been officially announced yet, Lotus is planning to launch its first SUV, which is probably going to be based on the CMA modular platform that also underpins the Volvo XC40 and Lynk&Co 01. The platform is designed to host high-performance powertrains and of course all-wheel drive, which is obviously good news for Lotus.

Geely’s plans for Lotus though don’t stop with the SUV. According to Autocar, the Chinese company wants Lotus not only to keep making sports cars, but also intends to up its game considerably.

“We are making plans; we want to bring back the heritage of Lotus to be one of the top performers in the luxury sports car segment. Lotus used to be ranked alongside Ferrari and Porsche, so we need to come back in that rank again”, its boss, An Cong Hui, said.

After years of uncertainty, Lotus has recently returned to profitability and now appears to be finally in good hands. Rivaling Ferrari, though? That’s setting the bar perhaps too high – but, hey, the guys have made a great job with Volvo, so they might just do the same for Lotus.

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That’s Rich: Geely Wants To Make Lotus A Ferrari Rival 3
Dec
Posted by Michael Karkafiris in Ferrari, Geely, Lotus, Reports on 12 3rd, 2017


Two months after it completed the purchase of Lotus, Geely is laying out its plans for the British sports car manufacturer – and we have to say, they’re pretty ambitious.

Although it hasn’t been officially announced yet, Lotus is planning to launch its first SUV, which is probably going to be based on the CMA modular platform that also underpins the Volvo XC40 and Lynk&Co 01. The platform is designed to host high-performance powertrains and of course all-wheel drive, which is obviously good news for Lotus.

Geely’s plans for Lotus though don’t stop with the SUV. According to Autocar, the Chinese company wants Lotus not only to keep making sports cars, but also intends to up its game considerably.

“We are making plans; we want to bring back the heritage of Lotus to be one of the top performers in the luxury sports car segment. Lotus used to be ranked alongside Ferrari and Porsche, so we need to come back in that rank again”, its boss, An Cong Hui, said.

After years of uncertainty, Lotus has recently returned to profitability and now appears to be finally in good hands. Rivaling Ferrari, though? That’s setting the bar perhaps too high – but, hey, the guys have made a great job with Volvo, so they might just do the same for Lotus.

PHOTO GALLERY



Daimler Refuses Geely Offer To Buy Stake In German Brand 30
Nov
Posted by Brad Anderson in Daimler, Geely, Reports on 11 30th, 2017


Daimler has refused an offer from Chinese automaker Geely to purchase a 5 per cent stake in the company.

According to Reuters, Geely offered to purchase 5 per cent of Daimler through a discounted share placement in a deal which would cost approximately $4.5 billion at market prices.

Insiders believe Geely wants to gain access to Daimler’s electric vehicle technology as tough new emissions laws are passed in China. Upon refusing the offer, Daimler said Geely can buy shares in the open market.

Although Geely has failed to comment on the reports, a Daimler spokesman said it is welcome to new investors with long-term interest in the company.

If Daimler did accept Geely’s offer, the Chinese firm would have become Daimler’s third-largest shareholder behind the Kuwait Investment Authority and BlackRock.

Daimler already has joint ventures with Chinese carmakers BAIC Motor Corp and BYD.

PHOTO GALLERY



Lynk & CO 01 Goes On Sale In China, Gets 6,000 Orders In 137 Seconds 29
Nov
Posted by Michael Karkafiris in china, Galleries, Geely, Lynk & Co, Lynk & Co 01, Lynk & Co Videos, new cars, prices, video on 11 29th, 2017


Lynk & CO’s global roll-out has begun with the first stop of course being China, where the Geely-owned brand received a record 6,000 orders in just 137 seconds for the 01 crossover.

The company organized a three-day pre-sales event but the initial allocation was completely sold out in 2 minutes 17 seconds, exceeding all expectations.

Prices for the Lynk & CO 01 in the Chinese market range between 158,800 RMB and 202,800 RMB ($24,055 to $30,720 in current exchange rates).

Just like it promised, Lynk’s sales model doesn’t include the traditional base model form and long options lists, instead it offers “a simple selection of fully equipped, one price selections”.

The new Lynk & CO 01 is based on the same underpinnings with the Volvo XC40 and has launched in the Chinese market with two Volvo-derived turbo petrol engines: a 150PS 1.5-liter three-cylinder and a 190PS 2.0-liter four-cylinder unit. Other powertrains will be added later on, including a plug-in hybrid option with the 1.5-liter three-cylinder and a battery-electric option. No diesel units are planned.

Cheaper front-wheel drive versions come with a six-speed manual or a six-speed automatic gearbox while all-wheel drive models come fitted with a seven-speed dual-clutch automatic.

“Online and in our stores, we take away the anxiety of ticking options boxes and the pressure of selecting the right specification” said Alain Visser, senior vice president of Lynk & CO. “We want to break down the barriers to car ownership. No complicated combinations or decisions to make, and no negotiating. Our fixed price offering, subscription model, free connectivity and lifetime warranty take care of all the boring and complicated details, allowing the customer to focus on the fun stuff.”

Sales in Europe are planned to start in 2019 while Lynk & CO will arrive stateside in 2020. The 01 is currently being produced at the same assembly line with the Volvo XC40 in Taizhou, China. A second factory in China is also underway.

The company is currently considering extending production to Europe and to the U.S. by using Volvo’s production plants, including the one in Gent, Belgium and the one in South Carolina, USA.

“We have always said our manufacturing footprint will be global, and it will”, said Visser to Reuters. “It’s obvious that we are talking to Volvo to see whether there are opportunities within the small network of Volvo plants.”

PHOTO GALLERY

VIDEO



Volvo And Lync & Co To Launch Compact Plug-In Hybrids In 2018 18
Nov
Posted by Michael Karkafiris in Geely, Lync & Co 01, Lynk & Co, PHEV, Reports, VOLVO, Volvo XC40 on 11 18th, 2017


Volvo and Lync & Co will launch their first compact plug-in hybrid models in the second half of 2018. The compact plug-in hybrid powertrain will consist of a three-cylinder 1.5-liter petrol engine, an electric motor, the necessary battery pack and a seven-speed dual-clutch gearbox.

The first models to hit the market with the specific powertrain will be the Volvo XC40 and the Lync & Co 01 and will initially offer up to 31 miles of pure electric driving range. However. the two companies will offer a further developed version with up to 50 miles of EV range down the line, Autocar reports.

The same models are also scheduled to be offered in pure electric versions as well by 2020, with the two companies considering two different variants that offer 249 miles (400km) and 311 miles (500km) of range respectively.

As for when Lync & Co will hit the market, the newborn car brand will be initially launched in China next year, followed by Germany in 2019. Other European markets and the United States will follow shortly after, but there aren’t any solid plans for right-hand drive markets like the UK at the moment.

PHOTO GALLERY



Geely Jumps On The Flying Car Bandwagon, Buys Terrafugia 13
Nov
Posted by Michael Gauthier in Flying Cars, Geely, Reports on 11 13th, 2017


Following reports earlier this year, Geely has announced it has purchased Terrafugia.

According to Automotive News, Geely confirmed the transaction earlier today and said the purchase was approved by regulators in China as well as the United States. Geely declined to say what it has planned for Terrafugia but the company confirmed the flying car manufacturer will remain based in the United States.

While a number of companies are working towards the development of flying cars, Terrafugia is one of the furthest along and has plans to launch its first model in 2019. The company has already logged hundreds of hours in various prototypes and has been working on the Transition flying car for over eight years.

The Transition is slated to become the company’s first product and Terrafugia says it’s a “folding-wing, two-seat roadable aircraft” that is “designed to fly like a typical Light Sport Aircraft in the air and drive like a typical car on the ground.” The model has been designed to fit into a standard single-car garage and it can convert between flight and drive modes in less than a minute.

The flying car will run on premium unleaded automotive gasoline and it will have a cruising range of 400 miles (643 km) at speeds up to 100 mph (160 km/h). On the road, Terrafugia says the model will be capable of driving at “highway speeds.”

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Lotus SUV Patent Drawings Leaked? 26
Oct
Posted by Michael Karkafiris in china, Geely, Lotus, Lotus Scoops, Reports, Scoops on 10 26th, 2017


A set of patent drawings showing what looks like a crossover coupe from Lotus have found their way online.
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Polestar To Spearhead Volvo’s EV Strategy With Tesla Model 3 Rival In 2019 18
Oct
Posted by Michael Karkafiris in Electric Vehicles, Geely, Polestar, Reports, VOLVO on 10 18th, 2017


Volvo and its owner Geely Holding are investing 640 million euros ($750 million) into Polestar to support the first stages of its development.
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After Volvo, Geely Now Completes Acquisition Of Lotus 29
Sep
Posted by Michael Karkafiris in Geely, Lotus, Reports, UK on 09 29th, 2017


Chinese automaker Geely has completed the acquisition of the majority stake in Lotus, with Lotus CEO Jean-Marc Gales remaining in charge of the British sports car company.
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Lotus SUV Could Be Closer Than Ever Thanks To Geely 27
Sep
Posted by Brad Anderson in china, Geely, Lotus, Reports, SUV on 09 27th, 2017


It appears as though the Lotus SUV has edged closer to reality following Geely’s recent purchase of the British sports car maker.
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Geely Says It Has No Interest In Buying FCA 16
Aug
Posted by Michael Gauthier in china, FCA, Geely, Reports on 08 16th, 2017


The automotive industry was rocked earlier this week when reports surfaced a Chinese automaker could be preparing to purchase Fiat Chrysler Automobiles.
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Volvo To Take Minority Stake In Lync&Co, Details Partnership 20
Jul
Posted by Michael Karkafiris in china, Electric Vehicles, Geely, Lynk & Co, PHEV, Reports, VOLVO on 07 20th, 2017


Volvo announced the details of its new joint venture with parent company Geely, which aims to share existing and future technology, deepen industrial synergies and improve the economies of scale necessary for the quick development of the next-gen electrified models.
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Lynk & Co 02 To Be A Crossover 17
Jul
Posted by Brad Anderson in china, Geely, Lynk & Co, Reports, SUV on 07 17th, 2017


Lynk & Co has confirmed that it will reveal its 02 crossover in the not too distant future as its third production model.
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Geely Reportedly Buys Flying Car Company Terrafugia 5
Jul
Posted by Michael Gauthier in Flying Cars, Geely, Reports on 07 5th, 2017


There's been renewed interest in flying cars thanks to several big names, such as Uber and Airbus, throwing their hat into the ring. Automakers have been surprisingly absent but that's changing as Geely has reportedly purchased Terrafugia.
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Geely Considers Moving Lotus Production To China 23
Jun
Posted by Michael Karkafiris in china, Geely, Lotus, Reports on 06 23rd, 2017


Lotus could see its production being moved to China after the company’s acquisition by Geely, which also owns Volvo.
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