Volvo Cars reduces ownership in Polestar

Volvo Cars reduces ownership in Polestar

Recently, we reported that Polestar did not reach set sales targets for last year and that the major bank SEB classified Polestar as worthless during an analysis. Polestar’s decline affects Volvo Cars, which has a large stake in the electric car manufacturer, which it has supported financially for several years. Now Volvo Cars wants to … Read more

Renault CEO De Meo Achieves Historic Performance: Record Profits and Revenues

Finance Of Alberto Annicchiarico Profitability sharply increasing, operating margin at 7.9%. De Meo on the merger hypothesis: «As far as I’m concerned, I try to give a new meaning to Renault» 5′ read Turnaround well underway although, in an increasingly competitive market, much remains to be done. Having reached the end of his mandate, but … Read more

Chinese Electric Vehicle Manufacturers Face EU Scrutiny: BYD, Geely, SAIC Under Inspection

Chinese Electric Vehicle Manufacturers Face EU Scrutiny: BYD, Geely, SAIC Under Inspection

It is noted that inspectors will visit the factories of BYD, Geely and SAIC, while representatives of the European Union will not inspect factories of non-Chinese brands. The investigation, which began last October, is expected to last about 13 months. It must determine whether cheaper Chinese-made electric cars are unfairly benefiting from government subsidies in … Read more

2024 Review of Chinese Car Models in Russia: The Oddities and Features of the Best-Selling Vehicles

2024 Review of Chinese Car Models in Russia: The Oddities and Features of the Best-Selling Vehicles

What do you remember about 2023? This is an incredible number of new models, brands and sub-brands that have appeared on the Russian market. More than 20 Chinese cars have passed through my hands alone, and almost every one of them contained some oddities and typically Chinese “chips.” Let’s talk about it and remember the … Read more

Volvo EM90: The Arrival of the Scandinavian Electric Minivan

Volvo EM90: The Arrival of the Scandinavian Electric Minivan

The arrival of the Scandinavian living room on wheels – that’s how Volvo names its first ever family minivan – was announced by the brand with an official trailer at the end of the summer, the official unveiling was supposed to take place on November 12. But the Chinese Ministry of Industry and Information Technology, … Read more

Zeekr 001 FR: Faster than Tesla Model S Plaid – Specs, Features, and Photos

Zeekr 001 FR: Faster than Tesla Model S Plaid – Specs, Features, and Photos

The Zeekr 001 FR was faster than the Tesla Model S Plaid in a straight line. The electric car can accelerate to hundreds in just 2.07 seconds and reach a speed of 280 km/h. The line of electric car Zeekr 001 was replenished with a new charged version of FR. It features a heavy duty … Read more

Geely first tested its flying car in China

The AE200 X01 flying car is designed for urban and long-distance travel. Its mass production is scheduled for 2024. The Geely AE200 X01 flying car has successfully completed its first flight tests in 2023. About it reported on the Car News China website. The AE200 X01 all-electric flying car has 5 seats and can take … Read more

Geely introduced the Homtruck electric tractor, a competition from Tesla Semi

Chinese carmaker Geely today introduced the electric tractor Homtruck, which is to compete with the Semi car of the American carmaker Tesla. Farizon Auto’s commercial vehicle division plans to launch the tractor in 2024 and also targets international markets, Mike Fan, Mike Fan, head of division, said in an interview. – “This product is designed … Read more

Tesla’s competitor, Sweden’s Polestar, could raise $ 21 billion

Polestar from the Volvo Car Group is preparing to acquire a special-purpose company, or SPAC, Gores Guggenheim. He stated it Wall Street Journal with reference to persons familiar with the matter. An agreement to sell Polestar shares on the stock exchange would value the company at $ 21 billion. – SPAC stands for “special purpose … Read more