China's Geely to Launch Hybrids with More Fuel-efficient Engines

FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo
FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo
TT

China's Geely to Launch Hybrids with More Fuel-efficient Engines

FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo
FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo

China's Geely Holding Group on Wednesday said it would launch a series of hybrid models in the first half of next year equipped with its next-generation, more fuel-efficient engine.
Geely's engine achieves a thermal efficiency of up to 46.1%, according to a product certificate issued by the government-owned CATARC Huacheng Certification Co.
Geely said this was among the highest in the world, and would reduce fuel consumption and extend driving range, Reuters said.
The new models will be launched for Geely Auto's Galaxy series and its Lynk & Co brand.
Plug-in hybrids are the fastest growing fuel-type sector in China thanks to their affordability, and competition in the sector is intensifying.
BYD on Tuesday launched two hybrid sedans equipped with its new hybrid tech, priced from 99,800 yuan ($13,800).
BYD said the new hybrid tech enables fuel consumption on depleted batteries of 2.9 liters per 100 km under New European Driving Cycle tests, with a thermal efficiency of 46.06%.



Lucid Joins 'Made in Saudi' Program

Lucid is the first Original Equipment Manufacturer (OEM) in the automotive sector to receive this distinguished logo - SPA
Lucid is the first Original Equipment Manufacturer (OEM) in the automotive sector to receive this distinguished logo - SPA
TT

Lucid Joins 'Made in Saudi' Program

Lucid is the first Original Equipment Manufacturer (OEM) in the automotive sector to receive this distinguished logo - SPA
Lucid is the first Original Equipment Manufacturer (OEM) in the automotive sector to receive this distinguished logo - SPA

Lucid Motors, a leading electric vehicle manufacturer, has joined the Made in Saudi program, earning the right to use the "Made in Saudi" logo on its products, a symbol of quality, excellence, and customer trust reflecting the Kingdom's dedication to establishing itself as a global leader in innovative manufacturing.
Lucid is the first Original Equipment Manufacturer (OEM) in the automotive sector to receive this distinguished logo. This feat underscores Lucid's ability to produce world-class electric vehicles with Saudi expertise and highlights its role in advancing the Kingdom's automotive industry.
In a statement, Minister of Industry and Mineral Resources Bandar Alkhorayef emphasized that Lucid's inclusion in the Made in Saudi program as the first car manufacturer to feature the "Made in Saudi" logo signifies the Kingdom's strategic transformation towards establishing a comprehensive ecosystem for the electric vehicle sector.

According to SPA, this aligns with the objectives of the National Industrial Strategy, which focuses on empowering key sectors and attracting high-quality investments in advanced industries.
Alkhorayef emphasized that Saudi Arabia has become a key center for producing electric vehicles, supported by modern infrastructure, attractive incentives, and a skilled workforce. He stressed that the presence of major companies like Lucid bolster the Kingdom's position as a global hub for future industries, boosting local content, non-oil exports, and knowledge transfer.
The ministry is committed to creating an investment environment that supports leading companies and enables them to contribute to industrial transformation and innovation, in line with the Kingdom's vision for a sustainable future driven by modern technologies, he added.
Lucid's inclusion in the Made in Saudi program, overseen by the Saudi Export Development Authority, aligns with the program's goals to enhance the appeal of the Saudi industrial sector, boost local product consumption, drive local and foreign investments, support local companies in expanding globally, increase Saudi non-oil exports, and promote economic sustainability.