CEVT AB – China Euro Vehicle Technology – Geely’s innovation and development centre in Sweden announces collaboration project with the Geely Group’s flying car company Terrafugia Inc. “The combination of CEVT’s advanced engineering capabilities and automotive experience with Terrafugia’s expertise in innovative air mobility will take Geely to the sky providing vehicles for both ground and air transportation” says Chris Jaran, CEO of Terrafugia Inc.
The US based Terrafugia Inc. Flying Car company, with its beginnings in Massachusetts Institute of Technology (MIT) in Boston, was acquired by Zhejiang Geely Holding Group at the end of 2017. Terrafugia has several innovative flying vehicle projects ongoing where CEVT, as once of the leading innovation centres for the Geely group, has been invited to support their first vehicle with the development of a clutch-box, advanced CAE analysis and high-tech safety systems. With this collaboration project Terrafugia will benefit the long automotive engineering experience and expertise in Gothenburg and Sweden.
“At CEVT we have some of the best skilled resources in the mobility engineering disciplines. We have until now mainly been focusing on developing amazing new cars and architectures. With this new collaboration we see a huge advantage and opportunity taking our experience into new fields of mobility transportation. Terrafugia is a very exciting project, and we are proud to be given the opportunity to support it”, says Mats Fägerhag, CEO of CEVT.
“This new innovative flying car collaboration will generate win-win business value for Geely, Terrafugia, and CEVT by utilizing the competencies in collaboration within the group. We are supporting the development of something entirely new and I’m looking forward to the first Terrafugia flying car coming to market” says Håkan Apell, Director of Business Development & Corporate Strategy at CEVT.
CEVT: firstname.lastname@example.org +46 729 88 85 43
Terrafugia: email@example.com 781-491-0812 ext.128
CEVT is an innovation center for the future cars of the Geely Group with the purpose of being at the forefront of new developments in the automotive industry. The whole industry is now undergoing a transformation with new ways of thinking about the car as a product. CEVT is a fast growing, fast moving and exciting company where no day is like the other – where the challenges of tomorrow is on our working table today.
CEVT currently consists of some 2000 people with offices in Gothenburg and Trollhättan in Sweden. CEVT currently works on projects for the car brands Volvo Cars, Geely Auto and Lynk & Co. CEVT is a subsidiary of Zhejiang Geely Holding Group. For more information about CEVT, go to www.cevt.se