Zhejiang Geely Holding Group welcomed new equity investors to Volvo Cars following the completion of an initial public offering on the Nasdaq Stockholm exchange valuing the Swedish premium automotive group at SEK 158 billion.
2021 July 21st, Hangzhou/Gothenburg. Volvo Cars has signed an agreement with its parent Geely Holding to acquire Geely Holding’s stake in the companies’ joint ventures in China, with the aim of taking full ownership of its car manufacturing plants and sales operations in the country. The acquisition of an additional 50 per cent of the…
Volvo Cars and Geely Auto have agreed on a wide-ranging collaboration that will maximise the strengths of the Swedish and Chinese automotive groups, delivering synergies in powertrains, sharing of electric vehicle architecture, joint procurement, autonomous drive technologies and aftersales.
Daimler AG and Geely Holding have launched plans to collaborate on developing highly efficient powertrain systems for next-generation hybrid vehicle applications.
Geely Holding Group executives and subsidiary brands have won accolades at the 2020 Autocar Awards where automotive industry achievements from the past 12 months and outstanding career contributions are recognized.
Volvo Car Group, including its strategic affiliates Polestar and Lynk & Co. International, are establishing a strategic partnership with Waymo, a world leader in fully self-driving technology development.
Zhejiang Geely Holding Group (Geely Holding) announced today that aggregate sales across its three automotive subsidiary units – Geely Auto Group, Volvo Car Group and Geely New Energy Commercial Vehicle Group– reached over 2.178 million units in 2019.
Zhejiang Geely Holding Group ( Geely) and its wholly owned subsidiary Volvo Car Group (Volvo) intend to merge their existing combustion engine operations in order to establish a world leading business unit that will seek to develop next generation combustion engine and hybrid systems.
