Geely

STOCKHOLM (Reuters) - Sweden's Volvo Car Group, owned by China's Geely, scaled back its guidance for the full year, warning that sales, earnings and cash flow in the first half of 2020 would decline from a year ago as the coronavirus pandemic weighed on its business.The Gothenburg-based carmaker, which Geely…

STOCKHOLM (Reuters) - Sweden's Volvo Car Group, owned by China's Geely, scaled back its guidance for the full year, warning that sales, earnings and cash flow in the first half of 2020 would decline from a year ago as the coronavirus pandemic weighed on its business.The Gothenburg-based carmaker, which Geely…

FILE PHOTO - A Volvo logo is seen on a rim displayed at a Volvo showroom in Mexico City, Mexico April 6, 2018. REUTERS/Gustavo Graf STOCKHOLM (Reuters) - Sweden’s Volvo Car Group, owned by China’s Geely, scaled back its guidance for the full year, warning that sales, earnings and cash…

In Cars, Geely, International News / By Danny Tan / 26 March 2020 1:45 pm / 4 comments Last month, Geely launched its proprietary online sales system touted as a “complete one stop solution for ordering online”. Besides choosing specs/options, online financing and insurance, Chinese carbuyers can now select a…

Polestar has started production of its all-electric Polestar 2 vehicle at a plant in China amid the COVID-19 pandemic that has upended the automotive industry and triggered a wave of factory closures throughout the world.The start of Polestar 2 production is a milestone for Volvo Car Group's standalone electric performance…

By Steph Willems on March 24, 2020 Now fully an automotive brand, Polestar aims to attract more than just a limited number of hugely wealthy customers. That was Polestar 1. Now it’s time for Polestar 2, a more affordable, four-door electric sedan with sporting prowess and eco-consciousness in spades. How…

Polestar’s new Tesla Model 3-fighting Polestar 2 electric car has begun production, though it’ll take a little while before the EV is ready for the US. Second in the automaker’s line-up, the Polestar 2 is being built in Luqiao, China, despite the ongoing coronavirus pandemic that is affecting the world…

The first customer examples of the Polestar 2 electric sport sedan were completed Monday at a plant in Luqiao, China. The plant is where fellow Geely brands Volvo and Lynk & Co. build their respective compact cars based on the CMA (Compact Modular Architecture) platform that the Polestar 2 also…

As the COVID-19 pandemic rips across the world, it's leaving businesses and entire economies in tatters. China's auto industry saw its sales drop by 79 percent in February, according to the China Association of Automobile Manufacturers. To help stop the bleeding, Geely Auto launched an online purchase program complete with…

For many companies, the current coronavirus epidemic is a good opportunity to implement more automated manufacturing processes and reduce their reliance on human workforce. It may sound cynical, but many factories in China are currently functioning without input from people, relying on artificial intelligence. Automation is obviously used in more…