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How the Chinese tycoon driving Volvo plans to tackle Tesla

HANGZHOU, China — "Do you know how big Volvo is?" asked Don Leclair, finance chief at Ford. It was 2008, and Leclair was responding to an offer from a little-known Chinese businessman to purchase the Swedish carmaker, which Ford owned. The businessman, Li Shufu, had a company with less than half Volvo's sales and a flagship model, King Kong, almost unknown outside China. He was politely shown the door of the "Glass House," Ford's iconic headquarters near Detroit, according to two people who were at the meeting. Ford's Leclair did not respond to requests for comment about the episode. Fast-forward to 2021 and Li Shufu's company, Zhejiang Geely Holding Group, is one of the biggest-selling automakers in the world's biggest auto market. It controls not only Volvo Cars but also a clutch of global auto brands, and a significant stake in German giant Daimler AG, the maker of Mercedes-Benz. These names are now part of its plans for a revolution in autos. Geely is preparing Volvo for a listing on the Nasdaq Stockholm exchange as a route towards the future of transportation: One where cars are part of an electrified network of mobility services, driving themselves, connecting to each other and — like cellphones — generating an array of data and new business opportunities. It's a vision more Silicon Valley than Detroit, where traditional automakers globally are chasing another giant — Tesla Inc. Li Shufu and his advisers eventually convinced Ford to part with Volvo in 2010 for $1.8 billion. It was the first in a string of deals, tapping brands such as Lotus, Smart and the London Electric Vehicle Company to form a network that he calls a "bigger circle of friends" across industry segments. Li Shufu sees them as building blocks to help Geely compete in a future where autos are not vehicles, but "service providers," he told Reuters in his management suite at Geely's headquarters in Hangzhou, eastern China. In that business model, cars will be available on subscription and offer services such as making payments and in-car apps. They will update their own software, and spawn opportunities in the same way as the mobile operating systems developed by Apple Inc and Google. "We are trying to create an automotive ecosystem similar to Android," he said. Li Shufu, 58, recently adopted a foreign first name - Eric - because he liked the sound of it.

Chip maker Nvidia adds Volvo to list of self-driving partners

Chipmaker Nvidia Corp announced on Monday it was partnering with Volvo Cars and Swedish auto supplier Autoliv to develop self-driving car technology for vehicles due to hit the market by 2021. Volvo is owned by China's Geely Automobile Holdings. Silicon Valley-based Nvidia also announced a non-exclusive partnership with German automotive suppliers ZF and Hella for artificial intelligence technology for autonomous driving. Nvidia came to prominence in the gaming industry for designing graphics processing chips, but in recent years has been a key player in the automotive sector for providing the so-called "brain" of the autonomous vehicle. The company, whose many partners already include Tesla, Toyota, Ford, Audi, BMW, and tier one supplier Robert Bosch, announced its latest deals at an automotive electronics show in Ludwigsburg, Germany. Nvidia's Drive PX artificial intelligence platform is used by Tesla in its Models S and X and upcoming Model 3 electric vehicles. Volkswagen AG's Audi is also using the system to reach full autonomous driving by 2020. In a call with reporters, Nvidia's senior automotive director Danny Shapiro said carmakers and their main suppliers are now moving away from the research and development phase of autonomous vehicles and into concrete production plans. The system developed jointly by ZF and Hella, and using Nvidia's Drive PX platform, will combine front cameras with radar and software to create technology meeting the Euro NCAP safety certification for so-called "Level 3" driving, in which some, but not all, driving is performed by the car. Volvo is already using the Drive PX for the self-driving cars in its "Drive Me" autonomous pilot program. Volvo's production vehicles built on Nvidia's platform, as announced on Monday, are planned for sale by 2021.Reporting By Alexandria SageRelated Video: Auto News Green Tesla Toyota Volvo Technology Emerging Technologies Autonomous Vehicles nvidia autoliv

China Tesla driver goes crowd-funding route to get chargers installed

Tesla Motors has at least one Chinese businessman in its corner. Andrew Zong, CEO of heat-pump maker PHNIX, recently engaged in a bit of crowd-funding to establish a charging network for new owners of the Model S battery-electric sedan throughout at least part of the world's most populous nation. And it's good publicity, of course. Zong hatched a plan to buy 20 electric-vehicle chargers from Tesla after picking up his new sedan in Beijing and realizing he'd have a hard time recharging in on the 1,300-mile drive south to Guangzhou. Zong then went onto online sites such as WeChat and Weibo and solicited volunteers to install his chargers. And after more than 3,000 miles worth of driving (or about a dozen or so odd recharging sessions), Zong got his 20 chargers installed. You can read PHNIX's press release below. Zong's efforts are a far cry from those of fellow Chinese businessman Zhan Baosheng, who registered for the trademark on the Tesla name in the country in 2006. Zhan, who has long been scuffling with the California-based automaker, recently sued Tesla for trademark infringement and was seeking almost $4 million in damages. That would buy a lot of chargers. Crazy Charging Plans for Tesla GUANGZHOU, China, July 10, 2014 /PRNewswire/ -- "When I picked up my Tesla in Beijing, I realized that it's impossible to drive it back to Guangzhou as there are hardly any places to recharge the batteries," Andrew Zong, the CEO of PHNIX and also one of the first Chinese Tesla owners, said this to reporters. As a result, Andrew Zong got a crazy plan that by utilizing the power of the Internet and folk strength, he could make the first charging facility network in China to solve the electric vehicles' charging problems. With this plan, Andrew Zong bought a batch of original chargers for Tesla and promised that he would donate all the chargers to new-energy-loving car owners. Next Andrew Zong posted on online social network platforms, like WeChat and Weibo, to recruit volunteers who were willing to provide installation sites and offer free charging service for Tesla motors. During the next three days, there were thousands of volunteers applying to install charging piles at their places. Taken everything into consideration, 20 of the volunteers were selected. During the following twenty days, Andrew Zong and his companions have self-driven his Tesla for 5,750 kilometers via sixteen cities, in which they have donated twenty charging piles.