Tag Archives: Geely

News

Polestar to Build Upcoming Polestar 7 SUV in Europe Through Volvo Partnership

In a strategic move to broaden its global manufacturing network, Polestar has announced plans to produce its upcoming Polestar 7 at Volvo Cars’ new factory in Košice, Slovakia, marking the brand’s first contract manufacturing venture in Europe. The decision aligns with Polestar’s long-term strategy to deepen collaboration within the Geely Holding Group, leveraging advanced shared technology and production capabilities.

The premium compact SUV, Polestar 7, is slated for launch in 2028 and will be built using Volvo’s technology base, drawing on next-generation cell-to-body battery technology, in-house developed electric motors, and a shared component architecture from within the group. This partnership is expected to yield both performance and cost-efficiency benefits, while maintaining the distinctive design language and dynamic driving experience Polestar is known for.

Michael Lohscheller, CEO of Polestar, emphasized the importance of this collaboration:

“Working with Volvo Cars to develop and manufacture Polestar 7 in Europe is a unique opportunity that will strengthen our position in our home market. Our strategy of utilizing Group architectures as the base for our future model line-up gives us access to the best, latest technologies, in a cost-efficient manner.”

Polestar 7 represents the brand’s latest step in redefining the premium electric SUV category, building on the success of its previous models while embracing cutting-edge innovation from within the Geely-Volvo ecosystem.

Håkan Samuelsson, President and CEO of Volvo Cars, added:

“Our collaboration with Polestar on the development and manufacturing of the Polestar 7 underscores how Volvo Cars and Polestar continue to leverage synergies to efficiently deliver outstanding vehicles built for our distinct customer segments.”

Volvo Cars began construction of the Košice plant in 2023, strategically chosen for its strong supply chain infrastructure and proximity to key European markets. Once operational, the factory will serve as a critical hub for Polestar’s European ambitions, reinforcing the brand’s presence in a highly competitive segment.

As the automotive world watches the evolution of premium EVs, the Polestar 7 looks poised to make a significant impact, combining Scandinavian design, sustainable innovation, and precision European manufacturing.

Source: Polestar

News

Geely Launches Its First Ro-Ro Ship “JISU Fortune” to Boost Global Vehicle Exports

In a bold step towards reinforcing its global logistics network, Geely Holding has launched its first self-owned roll-on/roll-off (ro-ro) vessel, the Geely JISU Fortune. Operated by JISU Logistics, the cutting-edge ship embarked on its maiden voyage from the port of Taicang, China, carrying 5,000 vehicles destined for the European market.

At nearly 200 meters in length and 38 meters wide, the JISU Fortune is a formidable addition to Geely’s export capabilities. The vessel boasts a maximum cruising speed of 19 knots and can carry up to 7,000 vehicles across 12 cargo decks—eight fixed and four movable. Notably, the 11th and 12th decks are specifically designed for transporting hydrogen and natural gas-powered vehicles, aligning with Geely’s commitment to cleaner mobility.

But the ship’s green credentials don’t stop there. The JISU Fortune is powered by two ultra-large UPP fuel tanks, each with a capacity of 2,000 cubic meters. By utilizing green UPP fuel, the vessel dramatically reduces both emissions and energy consumption, setting a new benchmark for sustainable maritime transport in the automotive sector.

Ro-ro ships, as the name suggests, are designed for rolling cargo—vehicles such as cars, trucks, and trailers are driven directly on and off the vessel. This method offers considerable efficiency for high-volume vehicle exports, something Geely is clearly aiming to capitalize on with the JISU Fortune.

The ship will be pivotal in delivering vehicles from across Geely’s expanding portfolio—including Geely Auto, Lynk & Co, Zeekr, and other affiliated brands—to international markets in Europe, Asia, and the Americas. This move not only strengthens Geely’s global reach but also enhances the sustainability and efficiency of its supply chain.

In an era where the automotive industry is shifting toward smarter and greener logistics solutions, JISU Fortune stands as a symbol of innovation and ambition. It’s not just a ship—it’s Geely’s floating commitment to the future of global mobility.

Source: Geely

News

EU reduced tariffs on vehicles produced in China

Last year, the European Commission launched an investigation into the privileged position of electric vehicles produced in China due to subsidies. This resulted in the introduction of additional tariffs on vehicles manufactured in China (37.6%), and manufacturers that cooperated during the investigation paid lower tariffs (20.8%). However, the EU decided to reduce tariffs on some car manufacturers like Tesla from 20.8% to just 9%.

After reviewing the business report for July, it was determined that Tesla received less government aid than other firms that make cars in China, so the EU agreed to reduce the tariff. However, this did not mean that the tariff would be removed completely as the company was found to still be getting batteries below market value, which is one of the ways car manufacturers receive help from China. Other ways to help are cheap land, grants and loans at lower rates. This still gives them an advantage over cars made by companies in other parts of the world.

Also, some other car manufacturers will now pay lower tariffs, such as the British brand Mini. Although the company refused to cooperate in the investigation, the EU still decided to reduce tariffs on their vehicles from 37.6% to 21.3%. The tariff was also reduced on the vehicles of some Chinese companies: BYD (17.4 to 17 percent), Geely (19.9 to 19.3 percent), and SAIC (37.6 percent to 36.6 percent).

Source: Reuters