Chinese carmaker Geely presented at the COP15 summit its latest effort in the green car sector, a model developed in collaboration with Danish company Lynx. The car incorporates a lithium-ion battery pack developed by Lynx and codenamed Positive and provides room for five passengers. According to autoarabia.org, the future vehicle will be sold as Geely Panda in Asia and the Middle East while in Europe and the United States it will bear the Nanoq nameplate.
Preliminary figures are pointing to a maximum speed of 130 km/h and a total autonomy of 200 kilometer per charge. It will go on sale in Europe in spring 2010, the aforementioned source noted.
Meanwhile, Geely continues its efforts to secure Volvo after the current owner of the Swedish manufacturer, Ford, confirmed an agreement in late December. The deal between Geely and Ford is expected to be signed in the second quarter of this year.
"Ford Motor confirmed today that all substantive commercial terms relating to the potential sale of Volvo Car Corporation have been settled between Ford and Zhejiang Geely Holding Group Company Limited," Ford's official announcement says.
"While some work still remains to be completed before signing – including final documentation, financing and government approvals – Ford and Geely anticipate that a definitive sale agreement will be signed in the first quarter of 2010, with closing of the sale likely to occur in the second quarter 2010, subject to appropriate regulatory approvals."
Geely promised to keep Volvo in the current form but the Chinese owner will most likely expand production and sales in its domestic market and will surely attempt to expand operations across yet-unexplored markets. More details of the deal are expected at a later date.
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