Geely

SEOUL/BEIJING — Swedish carmaker Volvo said on Wednesday it had signed long-term battery supply deals with Asian firms LG Chem and Contemporary Amperex Technology Co Ltd (CATL), as it pushes its EV target of 50 percent of sales by 2025. The companies said th…

The deals with Chinese and South Korean groups CATL and LG Chem, two of the leading firms in the industry, "represent a major step towards realizing Volvo Cars' ambitious electrification strategy", Volvo Cars said in a statement. Volvo Cars has pledged to of…

The Volvo Car Group has signed long-term, "multi-billion dollar" deals with two major battery makers in Asia. In an announcement Wednesday, the car firm said that the agreements with firms CATL and LG Chem would ensure a supply of lithium ion batteries for it…

British sports car manufacturer Lotus is adding 200 new engineers to its workforce as part of an ambitious production increase plan bankrolled by Chinese owner Geely. The Telegraph reports that Lotus is looking to triple production to 5,000 cars a year and w…

The BAIC Group is looking to buy a stake of up to 5% in Daimler AG, which is the parent company to Mercedes-Benz. According to a Reuters report, the move is means for BAIC to further secure its investment in Beijing Benz Automotive, a joint venture between th…

A Trump administration official contradicts Trump over the trade war with China that will affect cars and much more, Lotus is getting a ton of investment, theres a shakeup at Fiat Chrysler, and more for The Morning Shift of Monday, May 13, 2019. 1st Gear: Tr…

Shares of Daimler dipped Monday following a report that a Chinese partner firm is building a stake in the German automaker. Reuters reported Friday, citing three sources familiar with the matter, that China's Beijing Automotive Industry Holding Co. (BAIC) ha…

Shares of Daimler dipped Monday following a report that a Chinese partner firm is building a stake in the German automaker. Reuters reported Friday, citing three sources familiar with the matter, that China's Beijing Automotive Industry Holding Co. (BAIC) ha…

China’s BAIC Group is reportedly looking to purchase a stake of up to 5 per cent in Daimler, thus securing its investment in the Beijing Benz Automotive joint venture. According to multiple sources, BAIC has asked local authorities in Beijing to support a 4 …

A Reuters file photo of Mercedes-Benz logo. BEIJING / FRANKFURT: Chinas BAIC Group is seeking to buy up to 5% stake in Daimler as a way to secure its investment in Chinese Mercedes-Benz manufacturing company Beijing Benz Automotive, three sources familiar w…