Published

Geely Teams with Kandi on EVs for China

Zhejiang Geely Holdings Group has formed a 50:50 joint venture with Chinese electric vehicle maker Kandi Technologies Inc. to develop, produce and sell EVs and parts.
#hybrid

Share

Zhejiang Geely Holdings Group has formed a 50:50 joint venture with Chinese electric vehicle maker Kandi Technologies Inc. to develop, produce and sell EVs and parts.

Subsidiaries of the two companies will run the venture: Geely's Shanghai Maple Guorun Automobile and Zhejiang Kandi Vehicles. Each partner will contribute 500 million yuan ($80 million) and its own EV technology to the venture.

The new business will focus on providing vehicles and services for "green" public transportation in Chinese cities, according to Kandi.

RELATED CONTENT

  • Internal Combustion Engines’ Continued Domination (?)

    According to a new research study by Deutsche Bank, “PCOT III: Revisiting the Outlook for Powertrain Technology” (that’s “Pricing the Car of Tomorrow”), to twist a phrase from Mark Twain, it seems that the reports of the internal combustion engine’s eminent death are greatly exaggerated.

  • Chevy Develops eCOPO Camaro: The Fast and the Electric

    The notion that electric vehicles were the sort of thing that well-meaning professors who wear tweed jackets with elbow patches drove in order to help save the environment was pretty much annihilated when Tesla added the Ludicrous+ mode to the Model S which propelled the vehicle from 0 to 60 mph in less than 3 seconds.

  • Bolt EV: Like a Hammer Through a Screen

    Some of you may remember the Apple “1984” commercial that ran on January 22, 1984, the ad that announced the Macintosh to the world.

Gardner Business Media - Strategic Business Solutions