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China's Geely to add $4.6 billion battery plant in EV push

BEIJING — Geely said on Monday it would build an electric vehicle battery factory with a planned annual manufacturing capacity of 42 gigawatt hours (GWh) in China's eastern city of Ganzhou, as it expands its EV lineup in the world's biggest car market. For comparison, the Tesla-Panasonic Gigafactory in Nevada announced an expansion last fall to just under 40 gigawatt hours. The total investment in the project by Geely's technology arm will be 30 billion yuan ($4.6 billion), according to a separate statement from the local government. Geely's technology group has previously invested in Ganzhou-based EV battery maker Farasis. The planned factory comes after Geely announced a flurry of tie-ups in January aimed at turning the automaker into a leading EV contract manufacturer and engineering service provider, as it fights the incursion of EV leader Tesla. Geely, which owns Volvo Cars and a 9.7% stake in Daimler AG, is competing with Great Wall and Nio, among others. China's government has heavily promoted new energy vehicles (NEVs) — such as battery-powered, plug-in petrol-electric hybrid and hydrogen fuel cell cars — in response to chronic air pollution, spurring interest from technology companies and investors alike. China forecasts NEVs will make up 20% of its annual auto sales by 2025 from around 5% in 2020.   Green Plants/Manufacturing Volvo Electric Geely

Volvo Recharge models get more power and electric range

Volvo Belgium announced a few big improvements for plug-in hybrid models on the automaker's Scalable Product Architecture, meaning the 60 and 90 series Recharge models — S60, V60, XC60, S90, V90 and XC90. First, the battery's been given another layer of cells, upping capacity from 11.6 kWh to 18.8 kWh. At the moment, Volvo's UK site advertises two figures for all-electric range on the WLTP cycle for the XC60 and XC90, and says the S90 can already do 90 kilometers on a charge. The spec pages, however, say the XC60 can do 32 kilometers maximum, the XC90 able to go 30 kilometers. With the new battery, Volvo says all-electric range has improved to up to 90 kilometers (56 miles) on the WLTP cycle, but that will surely depend on model. Our U.S.-market XC90 PHEV is EPA-rated at 18 miles of battery-electric driving. A 62% increase would put that at about 30 miles. Just as good as the battery boost, the 87-horsepower e-motor that powers the rear axle on the Recharge trims is goosed to 145 hp. The T6 Recharge powertrain will make 350 combined horsepower, ten horses more than currently, and the T8 Recharge powertrain will make a combined 455 hp, a considerable 65 horses more than now. That makes the coming T8 the most powerful Volvo ever put into series production. The T8's 2.0-liter twin-charged engine has also been engineered for more efficiency as well as "higher engine power at low revs and at start-up," but Volvo hasn't offered specifics on that yet.  Finally, drivers will be able to control all that go with just the accelerator pedal, Volvo adding single pedal drive on the XC60 Recharge, S90 Recharge, and V90 Recharge. There's no word on when we might see them; introduction sometime during the 2022 model year seems sensible. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

AB Volvo to build trucks using steel forged without fossil fuel

STOCKHOLM — Swedish truck maker AB Volvo and steel maker SSAB have signed an agreement to produce the world's first vehicles made of fossil-free steel, the companies said on Thursday. Volvo plans to start production this year of prototype vehicles and components from steel made by SSAB using hydrogen produced from renewable energy. Small-scale serial production will start in 2022. "This is an important step on the road to completely climate-neutral transport," Volvo CEO Martin Lundstedt said. The vehicles and machines will be emissions-free in operation, Volvo said, without specifying how they would run, while adding the company is reviewing all the materials used in their construction to eliminate anything based on fossil fuels. It will be sourcing steel from green steel venture HYBRIT — which is owned by SSAB, Swedish state-owned utility Vattenfall and Swedish miner LKAB. Last August, it began test operations in Lulea, Sweden, to replace coking coal, traditionally needed for ore-based steel making, with fossil-free electricity and hydrogen, which in turn is produced using only renewable power. [L8N2FX3LV] China's Geely Holding, which has a stake in AB Volvo, owns Volvo Cars, which it has said will be fully electric by 2030.