Detroit Electric forms EV venture with China& s Geely …

16 Фев 2014 | Author: | Комментарии к записи Detroit Electric forms EV venture with China& s Geely … отключены
Geely Emgrand EC9 Electric Cars

Detroit Electric forms EV with China s Geely


Electric, the Michigan-based startup maker, said Thursday it partner with China s Automobile (0175.HK) to develop cars for the Chinese market.

owns Sweden s Volvo and recently withdrew as a potential for Fisker Automotive, the failing green-car startup.

Detroit earlier this month its own model, a $135,000, battery-powered car that it says will go limited production in August in the area.

Geely and Detroit Electric are developing a pure-electric version of s Emgrand EC7, a compact about the size of a Honda The Emgrand EC7-EV is slated to go on in the first quarter of 2014, annual sales gradually up to 30,000 within three the partners said.

The partnership was this week at the Shanghai Show, as Chinese carmakers try to the government s efforts to promote cars with Chinese overwhelming disinterest in electric and electric vehicles.

Beijing s so-called new-energy car which aims to put half a EVs and hybrids on the road by 2015 and 5 by 2020, has failed to gain despite a flurry of incentives to and auto companies.

Detroit said it would form a company with Geely to EV components for Geely s electric near the Chinese s firm s headquarters.

I am confident that we can become a of pure electric vehicles in the market within the next 18 said Detroit Electric CEO Lam in a statement.

In March, Geely a $160-million electric-car joint with China s Kandi Group (KNDI.O) to build minicars primarily for urban in China.

In March 2012, announced a deal with its subsidiary covering the joint of electric-vehicle technology, including hybrids.

Geely Emgrand EC9 Electric Cars

It s a strategic imperative for us to try to unlock the within the group, said Chairman Li Shufu at the time.

At the April unveiling of Detroit s first car, CEO Lam said the planned to introduce four electric vehicles, including a and a sedan, by late 2014. the $135,000 sports car, Lam the next models would be for everyday users.

Lam also said Detroit was looking to raise another $50 to $100 million from to help fund the new models.

He Detroit Electric would a number of its components from suppliers, and expected to name a partner at the Shanghai show.

Lam Detroit Electric was targeting electric-car sales in 2014, to 45,000 by 2017, with 45 of its sales in the United States.

Reuters “Detroit Electric EV venture with China s

Geely Emgrand EC9 Electric Cars
Geely Emgrand EC9 Electric Cars
Geely Emgrand EC9 Electric Cars
Geely Emgrand EC9 Electric Cars

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