Chinese CEO Li Shufu said automaker Geely will continue to work on methanol vehicles even if efforts may fail. As a reminder, Geely is among a small number of automakers developing methanol vehicles, testing methanol taxis in selected cities in western China, and developing methanol trucks in its commercial vehicle division.
Lee said Geely, which owns Volvo Cars and 9.7% of Daimler, has invested in Icelandic Carbon Recycling International to develop technologies for producing methanol from carbon dioxide to reduce overall carbon emissions.
“We will continue to study methanol car production technologies. Of course, in the end it may fail, but at the moment we are still working on it, ”Li said at an industry conference in the western city of Chongqing, without elaborating on the project.
Methanol engines will increase China’s energy independence, as the country has a huge amount of coal that can be converted into methanol. However, Lee did not provide details of the technology. He told Reuters that Geely will expand production of methanol vehicles.
Geely is also developing all-electric vehicles, gasoline, hybrid vehicles and hydrogen commercial vehicles.