Shock to EVs: $7bn Renault & Geely Deal

New JV to develop and manufacturer NEW Petrol, Diesel & Hybrid Engines

Renault and Geely have just announced a joint venture to develop and build petrol, diesel and hybrid engines – going against the tidal wave of the EV Revolution. With potentially huge investment from Saudi Aramco for its $7 plan, headquartered in the UK – where sales for new petrol and diesel cars are planned to be banned in just 7 years’ time. Utter craziness or insightful genius? Does the ICE fightback start here?

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We’ll all be driving Geelys Soon! Here’s why

Geely means lucky and it is for Volvo, LEVC and Lotus – #BCGDaily 31032020

March 28th this year (2020) saw the 10th anniversary of Geely’s acquisition of storied Swedish car maker, Volvo. It bought the brand from Ford in 2010 for $1.8bn. The Chinese firm Geely, which itself was established in 1986 and only got into Automotive towards the end of the last century in 1997, then left Volvo to get on and do what it does best – build amazingly practical, solid and safe automobiles.

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