Hi Jim. Long time no hear much from you. This board has been nothing short of a ghost town. And yes, I am STILL holding my 70k shares; I haven't dared leave, afraid of what I might miss. As for your comment, all I can say is, as the ol' saying foes, "from your mouth to God's ears." Having said that, too bad that I am agnostic, bordering on atheism. Bottom line, I still have high hopes for Geely, but so far the opportunity cost of holding on for dear life is killing me.
The Geely Emgrand EV has been launched on the Chinese car market. Price starts at 228.000 yuan and ends at 249.800 yuan. Green car subsidies however will bring the price down by just a tad over 100.000 yuan, so price at the dealer will start around 120.800 yuan ($18.920).
The Geely Emgrand EV, formerly known as the Geely EC7 EV, is a new electric car for China based on the Geely Emgrand EC7 sedan. The new name seems a bit odd. What if they want to launch another electric Emgrand car? Emgrand EV II perhaps?
Tech Talk: the Emgrand EV is powered by an electric motor with an output of 127hp and 240nm. Top speed is 140 kilometer per our. Range is an impressive 253 kilometer. But, Geely says, if you don’t go faster than 60 km/h, like city-traffic only, range goes up to 330 kilometer. Charging takes 12 hours on 220V and 30 minutes on a fast charger for 80% battery.
Strangely, when the Emgrand EV was still called EC7 EV the claimed range was only 150 kilometer, and the last time we heard that claim was in January. The difference is 103 kilometer at least, and that is a lot, so we must assume Geely has found and fitted a new battery pack.
China’s Geely aims for 90 percent of sales to be green energy cars by 2020
BEIJING (Reuters) - China's Geely Automobile Holdings plans to concentrate entirely on developing green energy vehicles, eschewing traditional combustion engines and completely overhauling its product portfolio, the company said on Wednesday.
Geely wants 90 percent of sales to be so-called new-energy vehicles by 2020, the company said in a press release.
The carmaker announced the plan, dubbed "Blue Geely", for new-energy vehicles, which in China refers primarily to battery powered and hybrid cars, ahead of the Guangzhou auto show, which opens on Friday.
Geely did not disclose how much it would invest in the scheme.
The announcement echoes Toyota Motor Corp's plans to sell 30,000 fuel-cell cars a year by 2020.
Geely is the latest in a series of auto manufacturers to announce such plans, with companies having earmarked about 76 billion yuan ($11.9 billion) this year for future development and production of green cars, according to data compiled by Reuters.
The Chinese company, however, lacks Toyota's expertise in green energy. While the Japanese carmaker has spent heavily on research and development, Geely remains a relative unknown in the field.
Geely said it will focus partially on electric-fuel hybrids, akin to the Toyota Prius, a rarity for Chinese automakers. It will also conduct research on hydrogen car technology.
China's government is promoting the development of electric vehicles through subsidies and strict fuel economy standards, viewing green cars as the domestic auto industry's chance to catch up with global competitors.