+1-888-308-5802     
News Contact Us

Geely to continue moving forward with methanol powered vehicles

Author : Pankaj Singh | Published Date : 2021-06-14 

Chairman of China’s multinational automotive company Geely (Zhejiang Geely Holding Group Co. Ltd.), Li Shufu, reportedly said that the firm will continue to work on methanol-powered vehicles even though this endeavor may fail.

The company is among a few automakers developing vehicles powered by methanol and is trying out methanol taxis in some western cities of China and manufacturing methanol-powered trucks at its commercial vehicles’ unit, sources cited.

Li stated Geely invested in an Icelandic firm, Carbon Recycling International, to devise methods to manufacture methanol from carbon dioxide for reducing overall carbon emissions.

They will keep pressing on methanol vehicle technologies despite the possibility that it might fail after all, but they are still working on it, he added.

As China possesses vast supplies of coal that they can convert to methanol, methanol fuel would increase the country's energy independence. Li expressed methanol automobiles will be cleaner than gasoline vehicles without elaborating much about the technology.

The Chinese automaker is also working on petrol-electric hybrid cars, battery electric vehicles, and hydrogen commercial vehicles. Besides, China is the largest auto market for developing electric and hydrogen fuel-cell vehicles.

For the record, methanol and hydrogen fuel cells are a preferable option as compared to gasoline-powered automobiles. China being the world's most populous country, requires a rapid shift to electric vehicles to reduce carbon emissions, and Geely seems committed to the year bringing the transition.

As per credible sources, China intends to be carbon-neutral by 2060, and several automakers are focused on hydrogen fuel cells to achieve this goal.

While major EV manufacturers such as Volkswagen and Tesla believe that hydrogen fuel cells cannot compete with battery vehicles, while some businesses, such as Geely, continue to work on methanol-powered vehicles.

Source Credit –

https://auto.hindustantimes.com/auto/news/chinese-automaker-geely-to-press-on-with-methanol-vehicles-41623586281330.html

 

About Author

Pankaj Singh

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

Related News

Loship bags USD 12 Mn in pre-Series C funding at USD 100 Mn valuation

Published Date: 2021-08-05         Author: Pankaj Singh

Vietnamese-based one-hour delivery e-commerce startup, Loship, which started its journey as a reviews app, reportedly raised USD 12 million in a pre-Series C funding round led by BAce Capital, valuing the company at USD 100 million. The round also saw participation from SQ Capital Group, Singapor... Read More

Semiconductor startup Spectricity raises USD 16 Mn in Series B funding

Published Date: 2021-08-04         Author: Pankaj Singh

The company has now reached a valuation of USD 23 million. The fresh funds will be used to hire new talent and expand product offerings. Belgian hyperspectral sensing solutions provider Spectricity has reportedly secured USD 16 million in Series B funding round, now valuing the company at... Read More

Australia toughens COVID-19 restrictions following Delta variant spike

Published Date: 2021-08-03         Author: Pankaj Singh

With the highly contagious Delta COVID-19 variant cases on the rise, Australia’s Queensland has extended lockdown in Brisbane from 2nd August 2021 to 8th August.  Sydney has also deployed hundreds of soldiers to enforce stricter directives for staying at home. Brisbane’s lockdown... Read More

© 2021 Fractovia. All Rights Reserved