Chinese vehicle manufacturers are speeding up their plans to enter new European markets as they aim to win business in countries where electrification of transport is under way.
Geely and Renault have signed a non-binding framework agreement that will see them team-up to produce the internal combustion engines (ICE) of the future.
Geely has taken a share of almost 8% in British performance car brand Aston Martin after a series of bids to acquire a stake in the OEM.
The listing of the fast-growing Polestar electric vehicle (EV) brand in the New York Stock Exchange has been described as "an incredibly proud moment" by the OEM's chief executive Thomas Ingenlath.
Agency model car retail is sure to become more widely adopted but agreements must be “balanced, collaborative and win-win”, according to Lotus Cars executive director of sales and aftersales, Geoff Dowding.
Lynk & Co chief executive Alain Visser has said that the UK will become the mobility brand’s second-biggest European market after Germany when it launches in 2022 – with Volvo retailers benefiting from aftersales trade.
Lynk & Co has launched its new 01 hybrid SUV in Europe as part of a €500-a-month car mobility “membership” service… But it won’t be coming to the UK in 2020.
Car manufacturers are turning to online sales in China a bid to mitigate the impact of coronavirus following a 92% decline in business during the first half of February.
Marshall Motor Holdings and Snows Motor Group have added London EV Company (LEVC) retail franchises as the Geely-owned taxi manufacturer increases its UK presence.
Endeavour Automotive has opened its second London EV Company (LEVC) taxi retail franchise at its newly-refurbished Volvo Slough car showroom.
Polestar refused to ‘pass judgement’ on the retail strategy of electric vehicle (EV) rival Tesla as it reiterated its plans to partner with traditional franchised car retailers to establish its UK sales offering.
Geely’s Lynk & Co brand has claimed the title of the ‘world’s fastest growing car manufacturer’ after 120,414 sales in its parents company’s home market in its first year on sale.
Volvo’s new S60 will go on sale in the UK next year and it will be offered through the Swedish brand’s new subscription service.
Volvo has announced a new ambition to become a leading player in the global automotive business by the middle of the next decade.
Polestar has plans to create a dealer network of 80 franchised sites by the end of 2020 as part of plans to bring the electrified performance car brand to market via an innovative subscription platform.
Lynk & Co claimed that it had become “the fastest selling car in the world” as online pre-orders of its 01 SUV sold out in seconds in Chinese market, ahead of its global roll-out.
Geely Holdings will once again bypass “traditional” car dealerships when the Polestar brand enters the UK in 2019.
The deal meant to rescue UK sports car manufacturer Lotus is set to be closed this month.
The Volvo-owning Zhejiang Geely Holding Group could be poised to buy 49.9% of Proton and a controlling stake in Lotus as part of a deal announced today.
Geely Auto Group has launched new global car brand Lynk & Co with the intention of pursuing a retail proposition which cuts traditional retailers out of the equation.
