Geely Holding Group subsidiary Geely Auto has announced a vehicle purchase agreement with fellow marque brand ZEEKR to sell its EVs and aftermarket parts in Mexico. With the agreement, Geely hopes to fast-track ZEEKR’s line of advanced new energy vehicles to Mexican consumers hungry for more sustainable alternatives to combustion models as a stepping stone to further expansions South to Latin America.
Geely-owned ZEEKR is one of China’s more exciting and fast-moving all-electric brands. In a few short years, the brand has developed three bespoke EV models in addition to a quad-motor variant of its flagship 001 sedan.
The lineup now includes the 007 – ZEEKR’s first mass-market EV, which will join the 001 across expanding markets in Europe and possibly beyond. Today, we’ve learned that Geely Auto has stepped in to help ZEEKR expedite its expansion plans and enter North America, beginning with Mexico.
Geely invests big money to bring ZEEKR EVs to Mexico
Per a statement shared by Geely Auto today, it has signed a purchase agreement with ZEEKR to resell the latter’s EVs in Mexico over the next three years until at least December 31, 2026. The annual purchase caps for 2024-2026 are RMB 674.3 million ($94.8 million), RMB 1.56 billion ($219.8 million), and RMB 3.13 billion ($439.8 million), respectively, totaling approximately $754.4 million.
The purchase agreement also includes aftermarket parts and accessories to support the influx of ZEEKR vehicles to customers in Mexico. There is no mention of what ZEEKR models will initially be sold in Mexico, but we’d surmise plans include the 001 shooting brake.
The number of vehicles that make their way to the southernmost part of North America also depends on the estimated sales volume of ZEEKR-brand vehicles and related parts/accessories in Mexico. Still, given the massive purchase commitment, it should be robust.
In the agreement announcement, Geely Auto shared the reasoning for its decision to help promote ZEEKR EVs in Mexico and hinted at expansion plans further south in the future (translated from Chinese):
Latin American consumers are clamoring for greener cars at a time when fossil fuel costs are soaring and sustainability is becoming increasingly important. In order to achieve a more environmentally conscious future, Colombia has set a goal to equip more electric vehicles by 2030 or before. Likewise, Chile has committed to selling only electric vehicles on or before 2035, with the goal of establishing an all-electric public transportation system in the long term.
On the other hand, Mexico has set a goal that by 2040 or before, the number of hybrid or electric vehicles will account for 50% of the country’s market, and in the long term, it will move towards achieving a 100% electrified vehicle market. At the same time, major dealers in Latin America have actively increased the promotion and popularization of new energy vehicles. The Group believes that Latin America will become a highly valued new energy vehicle market in 2024.
The Colombian market will bring valuable opportunities for the Group to establish a preliminary foothold in the region early. The strategic deployment of introducing Jikrypton (ZEEKR) brand new energy vehicles will be of great significance, and it will also allow us to accumulate valuable experience and bring key forward-looking advantages for expanding our business to other Latin American countries in the future.
Given the terms of the purchase agreement, we should see Geely Auto begin to roll out ZEEKR EVs in Mexico this year.
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The Top Gear TV show might be over, but its tamed racing driver – a masked, anonymous hot shoe known only as “the Stig” – lives on … and his latest adventure involves pitching the 1,400 hp electric Ford SuperVan demonstration vehicle around the famed Top Gear test track. Sideways.
In this video from the official Top Gear YouTube channel (is Top Gear just a YouTube show, now?), the boxy Ford racer seems to have sprouted an additional 600 peak horsepower in its latest “4.2” iteration, for a stout 2,000 hp total. For his (?) part, the Stig puts all of those horses to work in what appears to be a serious attempt to take the overall track record.
I won’t spoil the outcome for you, but suffice it to say that even the most die-hard anti-EV hysterics will have to admit that SuperVan is a seriously quick machine.
SuperVan 4.2: How fast can a 2000 hp transit go?
[SPOILERS AHEAD] Even with 2,000 hp, instant torque, and over 4,000 lbs. of aerodynamic downforce, the SuperVan wasn’t able to beat the long-standing 1st and 2nd place spots held by the Renault R24 (a legit Formula 1 race car) and the Lotus T125 Exos (a track-only special that sure looks like a legit Formula 1 race car), but after crossing the line with a time of 1:05.3, the Ford claims third place on the overall leaderboard.
You can check out the video (above) and watch the whole segment for yourself, or just skip ahead to the eight-minute mark to watch the tire-shredding sideways action promised in the headline. If you do, let us know what you think of Ford’s fast “van” in the comments.
Swedish multinational Sandvik says it’s successfully deployed a pair of fully autonomous Toro LH518iB battery-electric underground loaders at the New Gold Inc. ($NGD) New Afton mine in British Columbia, Canada.
The heavy mining equipment experts at Sandvik say that the revolutionary new 18 ton loaders have been in service since mid-November, working in a designated test area of the mine’s “Lift 1” footwall. The mine’s operators are preparing to move the automated machines to the mine’s “C-Zone” any time now, putting them into regular service by the first of the new year.
“This is a significant milestone for Canadian mining, as these are North America’s first fully automated battery-electric loaders,” Sandvik said in a LinkedIn post. “(The Toro LH518iB’s) introduction highlights the potential of automation and electrification in mining.”
The company says the addition of the new heavy loaders will enable New Afton’s operations to “enhance cycle times and reduce heat, noise and greenhouse gas emissions” at the block cave mine – the only such operation (currently) in Canada.
Electrek’s Take
From drilling and rigging to heavy haul solutions, companies like Sandvik are proving that electric equipment is more than up to the task of moving dirt and pulling stuff out of the ground. At the same time, rising demand for nickel, lithium, and phosphates combined with the natural benefits of electrification are driving the adoption of electric mining machines while a persistent operator shortage is boosting demand for autonomous tech in those machines.
European logistics firm Contargo is adding twenty of Mercedes’ new, 600 km-capable eActros battery electric semi trucks to its trimodal delivery fleet, bringing zero-emission shipping to Germany’s hinterland.
With the addition of the twenty new Mercedes, Contargo’s electric truck fleet has grown to 60 BEVs, with plans to increase that total to 90. And, according to Mercedes, Contargo is just the first.
Contargo’s 20 eActros 600 trucks were funded in part by the Federal Ministry for Digital Affairs and Transport as part of a broader plan to replace a total of 86 diesel-engined commercial vehicles with more climate-friendly alternatives. The funding directive is coordinated by NOW GmbH, and the applications were approved by the Federal Office for Logistics and Mobility.