GLOBAL AUTO TEAM-UPS ON ELECTRIC CARS
German luxury automaker Daimler and China's electric automaker Geely are exploring ways to deepen their cooperation in the research and development of electric vehicles. The two companies have formed a China based venture to build electric Smart cars. They've also joined forces to build a premium ride hailing venture. And, among their projects, each has invested in Volocopter, a state of the art, electric multirotor helicopter/flying taxi service, based in Germany.
Geely Operations and Expansions
China-based Geely is a global automotive force. It owns Volvo, Lotus and Terrafugia, the US based flying car company. It also owns Lynk & Co. based in Sweden. Geely Chairman Li Shufu says he plans to roll out Lynk & Co. cars in Europe sometime in late 2020. Lynk & Co. says it offers a new kind of mobility: simple pricing, flexible ownership and car sharing. The vehicles are electric and connected.
Chinese and Global Automotive Markets
Chairman Shufu says the Chinese automotive market is returning to normal following the pandemic. He adds the disruption in the global auto supply chain was temporary and manageable. Geely is moving forward in its discussions with Daimler and the introduction of several new products and services in markets around the world. All of which are positive developments for the hard pressed global automotive market.