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Page 11 - நிலையான அனுபவம் கட்டிடக்கலை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Geely to Outlay Almost $5 Billion on New China EV Battery Plant

Geely to Outlay Almost $5 Billion on New China EV Battery Plant Bloomberg 3/15/2021 Bloomberg News © Bloomberg Geely Automobile Holdings Ltd. s Sustainable Experience Architecture (SEA) open-source electric vehicle platform is displayed during a launch event in Beijing, China, on Wednesday, Sept. 23, 2020. Zhejiang Geely Holding Group Co., the Chinese carmaker whose stable of brands includes Volvo and Lotus, said the underpinnings of a new electric model coming next year will be offered up to other manufacturers. (Bloomberg) Chinese carmaker Zhejiang Geely Holding Group Co. is doubling down on electric vehicles, outlaying almost $5 billion to build a new battery plant in the nation’s south.

This Is When Smart s First SUV Will Debut

Mercedes will initially preview Smart s first-ever SUV as a concept. Smart may no longer sell cars in the US, but the company lives on in Europe. Since Geely acquired a 50 percent stake, Smart has been reinvented into an electric-only brand. The Smart brand is associated with compact city cars like the funky ForTwo, but we ve known for a while the company is building its first-ever SUV to tap into the popular subcompact SUV market. Last year, Smart s vice president of global sales, Daniel Lescow, confirmed that Smart s first SUV will go on sale in 2022. Before then, Autocar reports the electric compact SUV will be previewed by a concept at the Munich motor show in September.

Even Volvo Wants To Drop Wagons And Sedans

Even Volvo Wants To Drop Wagons And Sedans Share To sign up for our daily newsletter covering the latest news, features and reviews, head HERE. For a running feed of all our stories, follow us on Twitter HERE. Or you can bookmark the Gizmodo Australia homepage to visit whenever you need a news fix. Volvo announced its big push towards a fully-electric future this week. While its C40 Recharge looks stunning, fans of Volvo’s sedans and wagons have some bad news inbound. Volvo is considering cutting some sedans and wagons from its lineup. Wagons and sedans struggle in the marketplace today as crossovers and SUVs continue their world domination. It’s not too surprising as car buyers love big vehicles and the automakers love making money off of them. Enthusiasts who love wagons and sedans found solace in Volvo’s range of cars. However, times are changing and even Volvo’s CEO thinks the company needs to shed some sedans and wagons, Autocar reports.

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