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China’s 2,250kW chargers are already in service, while US thinks about 750kW next year

Just last week, Geely announced it would roll out 2.2 megawatt chargers, able to charge an EV in under 5 minutes. Those chargers are now already in service in 5 cities, with 15,000 charging sites planned by the end of next year.

Meanwhile, the fastest upcoming charger in the US, a respectable 750kW, is coming sometime next year, after being pushed back from 2026.

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NIO sells 30% of battery swap unit to Geely at more than $2 billion

Nio sees new single-day battery swap service record during peak travel period in China

Geely is buying into NIO’s battery swap network. NIO announced definitive agreements on Sunday that hand a Geely Holding subsidiary 30% of NIO Power, the unit running its swap stations and chargers, at a post-money valuation of about RMB16 billion ($2.4 billion).

Most of what Geely is paying isn’t cash. It’s contributing its own commercial battery swap business plus RMB640 million ($94 million), while NIO takes 10% of Geely’s charging arm in a parallel deal.

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Geely’s AI fast charging ‘heals’ EV batteries for 20% more cycle life

Geely Smart Charging robotic arm plugging into an EV

Geely says its new AI-powered fast charging system can reverse some of the battery damage caused by fast charging, using micro-pulse currents to add up to 20% more cycle life.

Charging a car in under 5 minutes is great, but not if it wears the battery out years early. Geely claims that its ‘Smart Charging’ addresses that and it is using something that sounds like sorcery.

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Geely prepares revolutionary 500 Wh/kg solid-state EV battery that could beat diesel

geely_sold-state_battery

Geely says its next-generation solid-state EV battery will reach an energy density of up to 500 Wh/kg, and it’s already running the cells through real-world validation ahead of a pilot rollout in 2027.

That number is the whole story. At 500 Wh/kg, Geely’s cells would hold roughly twice the energy per kilogram of the best lithium-ion battery packs shipping in EVs today.

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BYD, Geely bid for 230,000-unit Nissan-Mercedes Mexico plant in North American push

Nissan Compass Mexico factory BYD Geely

BYD and Geely are among three finalists competing to purchase a Nissan-Mercedes-Benz joint venture plant in Aguascalientes, Mexico, according to a Reuters exclusive report. The plant, which has a production capacity of 230,000 vehicles per year, would give either Chinese automaker an instant manufacturing foothold in North America, bypassing years of regulatory delays that have stalled their greenfield factory plans in the country.

The third finalist is Vietnamese EV maker VinFast. The three were selected from a pool of nine companies that expressed interest, including Chinese automakers Chery and Great Wall Motor.

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Geely exercises its Put Option on Lotus UK, enabling reintegration of all businesses under the Lotus brand

Lotus Geely

Bear with me, as this one is a bit complicated and jargon-heavy. Lotus Technology Inc. announced that Geely, the majority owner of its vehicle manufacturing business Lotus UK, exercised its put option earlier this week to sell its 51% stake in the latter company back to the former company. In layperson’s terms, Geely is out, so Lotus Tech has to buy the 51% of Lotus UK back, putting all those respective businesses back under one umbrella. Still with me? More below.

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Polestar unveils a new collection of ‘Arctic Circle’ EVs that will be shown off at an ice race [Video]

Polestar Arctic

Polestar has unveiled a new collection of one-off “Arctic Circle” EVs designed to showcase the brand’s performance DNA. The rally-inspired upgrades have now been applied to the Polestar 2, 3, and 4 EVs and were put through their paces in the frigid Arctic before they make their public debut at an ice race in Austria. See more in Polestar’s video below.

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