Geely Just Introduced a New Electric Car Brand and the First Model - the Geometry A
On April 11, China’s highest-profile carmaker, Geely, announced the birth of a new premium electric car brand, named Geometry as well as the first model sold under the new brand, the Geometry A electric sedan.
The Geometry A, with a single electric motor that generates 161 horsepower, will be available with two battery options. The standard 51.9-kWh battery allows a maximum range of 255 miles and the long-range, 61.9-kWh battery that extends the range to 311 miles. Both models provide a powertrain rated at 120kW of power and 184 pound-feet of torque which enables an 8.8-second sprint to 62 miles per hour. It looks like a 30 minute top up is enough to take the charge level from 30 to 80 percent full. With tie-ins to Volvo within the Geely group, the Geometry is claimed to deliver class-leading safety and driver aids. The standard-range version starts at about $31,000 where the long-range version’s starting price is $34,000.
Geely To Collaborate With CATL To Manufacture Batteries For EVs
The auto industry is moving towards an EV-olution, and all automakers have taken part in the rat race to gain a lead. While smaller automakers are outsourcing the batteries, bigger players are getting into production themselves. Geely’s subsidiary, Zhejiang Jirun Automobile, will collaborate along with Contemporary Amperex Technology Co Ltd. (CATL) in a joint venture to set up a battery-manufacturing plant.
Following the damaged caused to a slew of Fisker Karmas by Hurricane Sandy, Fisker’s insurer denied the claim and the EV builder almost immediately filed a $33 million lawsuit against the insurer. According to a report, the two companies have settled the lawsuit and all legal action was dropped.
There is no mention of who started the settlement process, but this does seem like strange timing. See, only weeks ago Fisker hired a consultant to help the struggling manufacturer save a little money and to search for a potential partner or buyer. It’s common knowledge that a pending legal battle makes it much harder to talk a potential partner into joining forces and even tougher to find a buyer.
This leads us to believe that Fisker may have a partner or buyer that is interested, but wanted the legal battle settled before moving forward. This is all multiplied by the recent report from Reuters that Geeley, the Chinese automaker and owner of Volvo, was more than just a little interested in purchasing majority stake in Fisker.
All of this is coming together all too well for us to ignore the possibility of Fisker selling sooner rather than later.
We’ll keep an eye on this situation and update you.
Geely may not sound too familiar to you, but its intentions of becoming an important player in the automotive world were pretty clear after has bought Volvo from Ford.
Now, the company wants to build the world’s cheapest car, a title that until now was carried by the Tata Nano. Moreover, the Geely plans to make its small city car significantly more efficient than its Indian rival, by throwing electric technologies into the mix.
The new car is named the IG (which stands for Intelligent Geely) and was received with opened arms by the public when made its big debut at Beijing in 2010.
The company said that the IG will have a starting price of only $2500 and it will be of better quality than the bare-bones Nano.
The electric model will be available since 2014 or 2015, featuring a lithium ion battery, an 80bhp/133lb ft electric motor and an estimated range of 93 miles. Additionally, the IG will be also offered with a conventional engine, which comes with 70 hp on tap.