VIA Motors International, Inc. and Zhejiang Geely New Energy Commercial Vehicle Co., Ltd. Announce Joint Venture Collaboration Agreement

  • Joint Venture will launch a line of green logistics commercial vehicles for sale and distribution in North and Latin America.
  • VIA Motors will co-develop a green logistics medium duty truck for Geely New Energy Commercial Vehicles (“GCV”) in China under an exclusive arrangement which includes a technology transfer of VIA software and control systems.
  • As part of this arrangement VIA will be responsible for manufacturing, sales and distribution in North and Latin America. 
Front row: Gerald Page, Director Asia VIA. Peter Guile, CEO VIA, Nathan Yu, President Executive Advisor/VP ZGH, Chen Yiming, Int’l Legal Sr. Dir ZGH. Back row: Thierry Cassuat, CTO VIA. Dick Clayton, Exec VP VIA. Bob Purcell, COO VIA. Fiona Fei, Sr. Manager of Chairman Office ZGH. Li Hongyan VP of GCV Research Institute. Austin Hu, VP of GCV Research Institute. Song Guanghui, Dean Ass’t GCV Research Institute. Xi Na, Int’l Legal Supervisor ZGH. Steven Song, Int’l Business Sr Manager ZGH.

In line with Geely’s corporate global vision of producing the safest, most environmentally-friendly and most energy-efficient “New Energy Commercial Vehicles,” VIA Motors International, Inc., a leader of electric and hybrid drive systems offering a range of extended range (eREV) and EV commercial vehicles, today announces that it has completed an exclusive agreement with China based Zhejiang Geely New Energy Vehicle Co. Ltd., a subsidiary of Zhejiang Geely Commercial Vehicle Group.

The  parties have agreed to co-develop a medium duty extended range electric truck, which incorporates VIA’s industry leading proprietary vehicle software and systems control technology, for launch in China and the Americas in 2019.

Mr. Nathan Yu Ning, Zhejiang Geely Holding Vice President of International Business and Executive Advisor to the Board said “Geely selected VIA Motors due to the company’s advanced commercial vehicle software and control systems technology, specifically developed to meet the demanding duty cycle and performance requirements of commercial vehicles.”

“I believe that range extended hybrid drive systems are a leading technology for the next 5-10 years and the co-developed truck will utilize proven technology such as a Volvo engine for the range extender. VIA Motors provides technology plus an engineering and management team that can support GCV to accelerate to be global leading commercial vehicle company and assist the introduction of GCV Trucks into North and Latin America through our newly formed joint venture,” continued Mr. Yu.

“VIA Motors is honored to partner with Geely Commercial Vehicles. This agreement allows VIA to execute our strategy with the launch of an expanded portfolio of advanced drive systems and vehicles,” commented Peter Guile, CEO of VIA Motors. “We are excited to be working with our new global partners to electrify the future of the world’s working vehicles,” he continued.

“Geely is the ideal strategic partner for VIA Motors, as the fastest growing global vehicle company, with a demonstrated commitment to the electrification of their portfolio of award winning vehicles,” commented Bob Lutz, Chairman of VIA Motors and former Vice-Chairman of GM. “The alliance between Geely and VIA Motors combines technology, access to their industry leading suppliers, and a mutual entrepreneurial spirit dedicated to accelerating the global adoption of extended range electric commercial vehicles,” further commented Mr. Lutz.

About VIA Motors

VIA Motors International, Inc. develops and markets extended-range electric (eREV) and all electric (EV) power-train systems, incorporating industry leading VIA developed vehicle software and control systems technology, which provides clean energy solutions for most vehicle classes from light duty through Class 8.

VIA’s vehicle integration capability, at both production facilities in Utah and Mexico, provides a range of commercial vehicles to meet zero emissions requirements. VIA vehicles are marketed under the VTRUX™ brand and under the VIA power-train systems V-Drive™ brand.

About Geely Commercial Vehicle Group

Zhejiang Geely Commercial Vehicle (GCV) is a subsidiary of Zhejiang Geely Holding Group (ZGH)

ZGH consists of many well-known international automotive brands including Geely Auto, Lynk & Co, Volvo Cars, Polestar, PROTON, Lotus, London Electric Vehicle Company, Yuan Cheng Auto, and Terrafugia with global operations spanning the automotive value chain, from research, development and design to production, sales and servicing. ZGH also recently announced acquisition of 8.2% of Volvo AB.

Zhejiang Geely Commercial Vehicle (GCV) has two sub brands; the London Electric Vehicle Company and Yuan Cheng Auto. The London Taxi Company (LTC) became known as the London Electric Vehicle Company (“LEVC”) in July 2017 as the company transitions into being a provider of urban focused new energy commercial vehicles. Yuan Cheng Auto has three core product lines; new energy focused trucks and bus chassis and also new energy powertrains. Yuan Cheng launched its first core products in October 2016 with the introduction of the E12 pure electric city bus and an E200 pure electric logistics vehicle.

GCV has two core research and development centers in Hangzhou, China and Coventry, UK with over 2,000 engineers and production facilities in both China and the UK together with a total of over 3,000 production and administration staff.

The company on forward looking statements:

We cannot be certain that any expectation, forecast, or assumption made in preparing forward looking statements will prove accurate, or that any projection will be realized. It is to be expected that there may be differences between projected and actual results. Our forward looking statements speak only as of the date of their initial issuance, and we do not undertake any obligation to update or revise publicly any forward looking statement, whether as a result of new information, future events, or otherwise.



Geely Founder Li Shufu is a new shareholder of Daimler AG

The share purchase makes Li Shufu currently the single largest shareholder of Daimler AG

(Hangzhou / Stuttgart) Geely Group, a company owned by Li Shufu and managed by Zheijang Geely Holding Group, has acquired a 9.7 percent stake of Daimler AG, Stuttgart through open market purchases of shares. The company made regulatory disclosures after the close of markets yesterday.

“Daimler is an outstanding company with a first-class management. It will be an honor to support this unique team under the leadership of Dieter Zetsche in the future,” said Li Shufu, chairman and owner of Zheijang Geely Holding Group. “I am particularly pleased to accompany Daimler on its way to becoming the world’s leading electro-mobility provider.”

The share purchase makes Li Shufu currently the single largest shareholder of Daimler AG and points to a long-term commitment. For the time being neither Geely Group nor any other company in the Zheijang Geely Holding Group intend to acquire additional shares. Li Shufu said he will fully abide by the company charter and governance structure of Daimler AG and respect its values and culture.

With revenue exceeding RMB 270 billion (USD 42.7 billion) in 2017, the Zheijang Geely Holding Group is China’s largest privately owned automotive manufacturing company and one of the world’s leading providers of electro-mobility. Major assets of the group include leading Chinese automaker Geely Automobile Holdings Ltd., Hangzhou (46 percent), Volvo Cars, Gothenburg, Sweden (100 percent), Volvo Trucks, Gothenburg, Sweden (8.2 percent), Lotus Motor Cars, Norfolk, UK (51 percent), Proton Cars, Malaysia (49.9 percent), London Taxi, Coventry, UK (100 percent) and China’s largest car-sharing provider, Cao Cao (100 percent), operating a fleet of around 16.000 electric vehicles worldwide.

Li Shufu: “The competitors which technologically challenge the global car industry in the 21st century are not part of the automotive industry today. But with challenges come opportunities. No current car industry player will be able to win this battle against the invaders from outside independently. In order to succeed and seize the technology highland, one has to have friends, partners, and alliances and adapt a new way of thinking in terms of sharing and united strength. And we have act now. My investment in Daimler reflects this strategic vision.”


Volvo and Geely to deepen their partnership

Volvo Cars, the premium car maker, is planning to set up a new joint venture technology company with Geely Holding, the Chinese car group, to share existing and future technology, deepen industrial synergies and provide the economies of scale that will allow them to more rapidly develop next generation electrified vehicle technology.

According to a Memorandum of Understanding signed today, Volvo Cars, Geely Auto and LYNK & CO will share vehicle architecture and engine technologies via cross licensing arrangements of technologies managed by the new joint venture. They will also cooperate more deeply by commonly sourcing components and cutting procurement costs.

Volvo Cars, Geely Auto and LYNK & CO are controlled by Geely Holding, the Chinese car group. The new joint venture will be 50/50 owned by Volvo Cars and Geely Holding and be headquartered in China with a subsidiary in Gothenburg, Sweden.

“Partnerships to share know-how and technologies are common practice in the automotive industry. This is the model we are adopting,” said Håkan Samuelsson, president and chief executive. “This planned collaboration will strengthen Volvo’s ability to develop next generation electrified cars.”

Volvo Cars and Geely already share technology, most notably the Compact Modular Architecture (CMA) which is being used by Volvo Cars for its soon-to-be-announced smaller range of 40 series cars and by LYNK & CO.

The intellectual property rights for the technology to be shared will remain with the company that developed it, but the technology itself will be available for use by Volvo, Geely Auto and LYNK & CO, via license agreements.

Future modular vehicle architectures and other technology will be shared and developed based on cost sharing agreements. The company leading the development will own the technology and the other group companies will have full access to it through a license, reducing overall development costs.

It is expected that the collaboration will extend in future to also cover electrified vehicle components such as battery cells, e-motors and charging systems in order to maximize synergies across the group.

Separately, it is also announced today that Volvo is to take a significant minority shareholding in LYNK & CO. This stake reflects the fact that LYNK & CO will benefit from the use of Volvo technology both now and in the future. LYNK & CO will be jointly owned by Geely Holding, Geely Auto and Volvo Cars.

Li Shufu, chairman of Geely Holding said: “We will unlock significant benefits across our portfolio by sharing both technologies and next-generation vehicle architectures. I am confident these synergies can be achieved while preserving the separate identities and strategic autonomy of our different automotive brands.”

The above transactions are subject to definitive agreements and relevant authority approvals.

Volvo Car Group in 2016

For the 2016 financial year, Volvo Car Group recorded an operating profit of 11,014 MSEK (6,620 MSEK in 2015). Revenue over the period amounted to 180,672 MSEK (164,043 MSEK). For the full year 2016, global sales reached a record 534,332 cars, an increase of 6.2 per cent versus 2015. The record sales and operating profit cleared the way for Volvo Car Group to continue investing in its global transformation plan.

About Volvo Car Group

Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 534,332 cars in 2016 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.

As of December 2016, Volvo Cars had over 31,000 employees worldwide. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for China is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).

About Geely Auto Group

Geely Auto Group is a leading auto manufacturer based in Hangzhou, China. Geely Auto Group consists of two brands, Geely Auto and LYNK & CO.

Geely Auto Group was founded in 1997, and has rapidly grown over the years. The Group is listed on the Hong Kong stock exchange, and saw its sales volume increase to 765,000 units in 2016 with 2017 sales goal set at one million units. In the first five months of 2017, Geely Auto Group sold a combined 441,854 units, an increase of 89% over the same period in 2016 and completing 37% of the groups 2017 sales goal of one million units.

The controlling shareholder in Geely Auto is Zhejiang Geely Holding Group (ZGH), which is also the parent company of Volvo Car Corporation in Sweden and the London Taxi Company.

Via: Volvo Car Group Press Release

Chinese auto major Geely selects Qualcomm Automotive Platforms for their next generation infotainment systems

Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), and Geely Auto Group (Geely), today announced at Mobile World Congress Shanghai that Qualcomm® Snapdragon™ automotive platforms were selected for inclusion in the next-generation of infotainment systems in Geely Auto Group vehicles. These systems include the world’s first-announced infotainment offering with an integrated 4G LTE modem using the Snapdragon 820Am automotive platform. Geely vehicles featuring Snapdragon automotive platforms are expected to be available from 2020 onward, in addition to Geely’s connected cars featuring telematics applications already available using Snapdragon LTE modems.

“Geely is one of the fastest-growing automakers worldwide, fueled by remarkable growth in China, the acquisition of beloved global brands such as Volvo and the iconic London Taxi Company, and the recent launch of our premium global brand, LYNK & CO” said Mr. Feng Qing Feng, chief technology officer, Geely Auto Group. “Qualcomm Technologies invigorates this momentum, helping us to provide consumers with the cutting-edge infotainment and connected car experiences they demand, thanks to the high-performance processing and superior connectivity delivered by Snapdragon automotive platforms.”

Geely is committed to scientific innovation and R&D to deliver high-quality products that meet the demands of different consumers in different regions and segments. The automaker expects to use Snapdragon automotive platforms on upcoming generations of its iNTEC technology package. This includes G-Netlink, a system that allows drivers to interface with their vehicles through a myriad of ways, including remote control via app to lock, unlock or the vehicle, turn on heating and cooling, and also provide in-car Wi-Fi; and G-Pilot, and intelligent drive technology designed to support a high degree of driving comfort, assistance and autonomy over the next decade.

Future generations of Geely’s iNTEC are planned to take advantage of the high-performing multimedia and graphics capabilities of the Snapdragon 820A platform, Qualcomm Technologies’ most advanced automotive grade solution designed to support immersive in-car experiences, including music and video streaming, 3D navigation, support for multiple high-resolution displays, and superior GPU performance for rich 2D/3D graphics. At the heart of the platform is Qualcomm Technologies’ custom-built system-on-chip (SoC) using a highly-optimized heterogeneous computing architecture based on a 14nm FinFET advanced process node. The SoC features Qualcomm Technologies’ custom 64-bit Qualcomm® Kryo™ CPU, Qualcomm® Adreno™ 530 GPU and Qualcomm® Hexagon™ 680 DSP Vector eXtension. The platform’s hypervisor support offers integration of multiple in-car visual experiences, including instrument cluster and infotainment displays. The Snapdragon 820A platform is also designed to allow infotainment systems to be upgradable through software updates, allowing vehicles to be upgraded with the latest features and differentiation.

Select Geely models are expected to use the Snapdragon 820Am variant of the platform with an integrated X12 LTE modem, supporting up to 600 Mbps downlink and 150 Mbps uplink speeds, designed to provide exceptional in-car cloud connectivity to support key features, such as over-the-air updates, navigation with real-time updates, news and local information, emergency assistance and diagnostics.

“China is emerging as a source of automotive innovation, not only benefiting Chinese customers but also the rest of the world, by quickly adopting and commercializing leading-edge car technology,” said Patrick Little, senior vice president and general manager for automotive, Qualcomm Technologies, Inc. “We are pleased to work with Geely and the Chinese automotive ecosystem to help define the future of connected car experiences and use our industry-leading technologies to accelerate its realization.”

For more information, please visit the Qualcomm booth during Mobile World Congress Shanghai (W5.E90), or visit

About Qualcomm

Qualcomm’s technologies powered the smartphone revolution and connected billions of people. We pioneered 3G and 4G – and now we are leading the way to 5G and a new era of intelligent, connected devices. Our products are revolutionizing industries, including automotive, computing, IoT, healthcare and data center, and are allowing millions of devices to connect with each other in ways never before imagined. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including, our QCT semiconductor business.

About Geely Auto Group

Geely Auto Group is a leading auto manufacturer based in Hangzhou, China. Geely Auto Group consists of two brands, Geely Auto and LYNK & CO.

Geely Auto Group was founded in 1997, and has rapidly grown over the years. The Group is listed on the Hong Kong stock exchange, and saw its sales volume increase to 765,000 units in 2016 with 2017 sales goal set at one million units. In the first five months of 2017, Geely Auto Group sold a combined 441,854 units, an increase of 89% over the same period in 2016 and completing 37% of the groups 2017 sales goal of one million units.

The controlling shareholder in Geely Auto is Zhejiang Geely Holding Group (ZGH), which is also the parent company of Volvo Car Corporation in Sweden and the London Taxi Company.

Via: Qualcomm Press Release

The London Taxi Company to manufacture zero emissions LCV at its new facility


•    Second vehicle from brand new facility to be a Light Commercial Van
•    Purpose built, range extended EV to meet global needs of the commercial sector
•    Advanced technology to help tackle urban pollution crisis
•    Targeting “last mile” delivery, distribution and maintenance sectors
•    Incremental additional investment of around £25m bringing the total investment by parent Geely to £325m

Following the official opening of the London Taxi Company’s brand new R&D and manufacturing facility in Ansty, the company is delighted to announce that the second vehicle to come off the line will be a dedicated, range extended electric light commercial van (LCV).

This all new, highly flexible, commercially competitive electric vehicle will help fleet owners lower their running costs, improve air quality and support cities in tackling the pollution crisis in urban areas.

Chris Gubbey, CEO of the London Taxi Company said: “This is going to be the future proofed ’white van’ that people have been waiting for. Designed solely for the urban commercial sector, dedicated to the people who keep our cities working, it will be clean, competitive and ready for cities of the future.” 

The air quality crisis in many urban environments has highlighted the scale of the opportunity and demand for zero emissions capable commercial vehicles in major cities across the world. Electrification is a key component of the global strategy to reduce emissions and the London Taxi Company is determined to apply its expertise in advanced electric vehicle technology, and the taxi market, to urban commercial vehicles.

Carl-Peter Forster, Chairman of the London Taxi Company said: “In addition to our brand-new taxi, the manufacturing of this all new light commercial van is a transformative step for the company as we will move from a single product, single market organization to a multi-product, multi market organization. We remain absolutely committed to designing and manufacturing dedicated, range extended EVs that build upon our deep knowledge of advanced technologies and the needs of the urban commercial sector.”

The London Taxi Company’s research and development team of around 200 people, now based in Ansty, has been working around the clock, building upon its new core EV platform architecture, to develop an outstanding LCV that is fit for the world’s cities in the 21st century. Its ground-breaking work in developing the all new taxi underpins the LCV strategy having been created on the same range extended EV technology platform. With this platform and manufacturing capability already in place, designed for flexible production from day one, the company can bring to market the new LCV through an incremental additional investment of around £30m taking the total investment from parent company Geely to £325 million.

The new vehicle will help to meet emissions targets in cities around the world, as well as being able to handle the toughest urban environments. Importantly for drivers, the vehicle will be city ready and lower running costs, even as electric charging infrastructure continues to develop.

Zhou Jianqan, the Head of Geely’s Commercial Vehicle Division, said: “I am extremely proud to see Geely’s investment in the London Taxi Company allow it to evolve beyond the taxi market. The light commercial van sector in cities across the globe holds enormous potential and urban leaders are embracing zero emissions at an incredibly rapid pace. This vehicle is a result of the new R&D team based at Ansty and will complement Geely’s global expertise in electric vehicle technology adding to the world class talent across the group.”