At the Goodwood Festival of Speed Lotus showcased its Type 130 hypercar and unveiled its name - Evija. Pronounced "ev-eye-a", it means "the first in existence" or "the living one". Indeed, this is the first all-electric hypercar from a British car maker and the first major Lotus model launch under the Geely ownership. Lotus teased the car at this year's auto show in Shanghai and has already committed to building 130 units corresponding to the model's initial name - Type 130. The Lotus Evija will be unveiled in full in London later this month.Visitors of the Goodwood Festival of Speed may get an exclusive glimpse of the Evija at the Lotus stand. It will be adjoined by the recently unveiled Lotus Evora GT4 Concept race car and models from the current Lotus range of Elise, Exige and Evora. The almost mythical Type 25/R6 Formula One racer will also be displayed. Its record time of 1:20.4 for a lap of the Goodwood circuit dating back to 1965 has never been and never will be bettered due to changes in the original configuration of the circuit.Lotus Cars CEO Phil Popham said: "Evija is the perfect name for our new car because it's the first hypercar from Lotus, our first electric offering and is the first new model under the stewardship of Geely. The Evija is a Lotus like no other, yet a true Lotus in every sense. It will re-establish our brand on the global automotive stage and pave the way for further visionary models.

smart joint venture establishes smart Europe, a smart EV in the B-segment is due in 2022 based on a new EV platform The new global smart joint venture between Geely and Mercedes-Benz in China has established smart Europe GmbH as a wholly-owned subsidiary to supply, sell and service future smart vehicles in the European market. It will be located in Leinfelden-Echterdingen, Stuttgart. A new all-electric vehicle architecture will become the foundation for smart's entry into the premium B-segment range with its first products...

Lotus Evija enters production stage Lotus has announced that it readies the new manufacturing facility of the Evija all-electric hypercar for final prototype production. Series production and first customer deliveries of the all-electric two-seater will begin in the summer. Here Lotus will hand-build up to 130 examples of the Evija. The first year's production allocation is already designated to customers around the world. The production facility is...

Volvo Car and Geely consider combining their businesses In a press release from today, Volvo Car said that it is pondering on combining its business with Geely Automobile as this will "accelerate financial and technological synergies between the two companies. The considered combination would have the scale, knowledge and resources to be a leader in the ongoing transformation of the automotive industry. The combination would preserve the distinct identity of each of the...

GAC Group plans to invest USD 1 billion in NIO On January 15, Chinese media reported that GAC Group plans to invest 1 billion US dollars in NIO. It is believed that with the launch and delivery of the NIO EC6, the brand's demand for funds will increase, and the next round of financing will become the focus of external attention. At the Q3 financial report meeting, the company's Chief Financial Officer (CFO) Feng Wei said that NIO has made significant progress in...

China EV sales for June 2019, Tesla Model 3 makes it in top five The EV Sales blog has published statistics for the Chinese market in June 2019. As a whole, June has been better than May in terms of sales growth. They are up 72% YoY mainly due to the sales growth of BEVs, whose growth is 97% YoY. The PEV share has reached a record 8.5% market share in June and the author predicts that in some months it might hit 10% or more. This growth in the previous month is explained with the...

Lotus Evija is official with 400 km of range and 2000 ps of target motor power As promised, Lotus unveiled the Evija - an all-electric hypercar. The press release says this is "is the most powerful series-production road car ever built." The car's project code is Type 130 and no more than 130 units from it will be built. Production will set off during 2020 in Hethel, close to the historic city of Norwich in the east of England, UK, which has been the home of Lotus since 1966. The Lotus Evija...

China new electric vehicles market statistics, BEVs are still going strong According to the latest statistical data from the The Traffic Management Bureau of the Ministry of Public Security reported by the China Association of Automobile Manufacturers (CAAM), Chinese manufacturers prodiced 113,000 BEVs and 20,000 PHEVs, up by 78% and down by 8.9% on yearly basis, respectively. The sales for the month are as follows: 129,000 BEVs and 22,000 PHEVs, up by 106.7% and 2.2% on yearly basis...

LG Chem and Geely make a joint venture in China for producing EV batteries Korea's main news agency Yonhap reports that LG Chem and Chinese automaker Geely are to create a 50:50 joint venture based in China for producing EV batteries. Each of the companies will invest some US$87 million. The construction of the factory which will have a 10 gigawatt hours capacity will set off later this year and LG Chem expects that the first battery packs produced there will power Geely vehicles in 2022...

Lotus teases its Type 130 hypercar, will be fully unveiled later this year in London Today British brand Lotus has teased its Type 130 hypercar at the Shanghai International Auto Show 2019. The vehicle is said to be "in advanced stages of development" and is the first all-electric vehicle of the brand. The all-new car will be revealed, together with the full remarkable details and specification of this technical tour de force, in London, the birthplace of Lotus, later this year. Lotus is currently...

Polestar 2 debuts in China, local production is planned for early 2020 Volvo has announced the Polestar 2 at the end of February this year and now the all-electric car has debuted in Shanghai, China. Polestar confirmed that production of the model will take place in Luqiao, Zhejiang Province, from early 2020. Owned by Zhejiang Geely Holding and operated by Volvo Cars, the Luqiao production facility will produce Polestar 2 alongside other world-class models from Volvo and Lynk & Co. In...

Geely announces the Geometry A, enters the global BEV market As promised, Geely announced its global electric ca brand - Geometry and the first model from the lineup - Geometry A. By 2025, Geometry will launch 10 pure electric models in multiple segments including sedans, SUVs, crossovers, and MPVs. "The Geometry brand is Geely’s vision of the future in which technology is used to create a sustainable environment and safe mobility, leading to a harmonious relationship between...

Geely New Energy will launch the Geometry A tomorrow Geely New Energy is Geely's division that's responsible for the company's all-electric vehicles. It has announced on its official Weibo page that tomorrow, April 11th, it will officially launch its latest EV - the Geometry A - in Singapore. Whether this car will be intended only for the Chinese market or will also be available internationally is about to be seen. The event will be broadcasted live for global reach...

Daimler and Geely create a global joint venture to develop Smart A month ago, we reported that Daimler and Geely are in talks for building electrified Smarts in China. Today, Daimler announced that it, indeed, has formed a 50:50 global joint venture with Geely to develop and operate the "Smart" brand globally as an all-electric one. The new company is based in China, so will be the production site. The first new all-electric Smart model is expected to be launched in 2022. The...