Big changes for Volvo, Geely in 2018

volvo geely logo

Volvo moves in with Chinese parent

It’s one of Sweden’s most loved brands, but now Volvo Cars will be managed in China under a new arrangement with its parent company - Geely Holdings.

It’s been announced this morning that a joint venture technology company would be formed, this will include Volvo, Geely’s Chinese car brand, Geely Auto, and the soon to be launched electric car brand – LYNK & CO.

The joint venture will have its headquarters in China.

The move comes just weeks after Volvo confirmed it was committing to an electric car future.

Geely tell us the move will allow the car brands to accelerate EV tech, including components such as battery cells, e-motors and charging systems.

There’s no word on whether the arrangement will see Volvo car production shift to China, we will keep you updated.

Volvo Cars boss, Hakan Samuelsson, says the new joint venture makes sense.

“Partnerships to share know-how and technologies are common practice in the automotive industry. This is the model we are adopting,”

“This planned collaboration will strengthen Volvo’s ability to develop next-generation electrified cars.”

While it was also announced that Volvo would be taking a significant minority shareholding in LYNK & CO.

The deal will allow LYNK & CO to benefit from the use of Volvo technology both now and in the future, according to Geely/Volvo.

Stay up to date with all the latest Volvo News and LYNK & CO News at behindthewheel.com.au.

Also from behindthewheel.com.au...

About Simon Lai 1230 Articles
Simon is a writer and sometime contributor to the podcast. He also takes care of video production and product reviews. He met Joel through radio school and has worked with him on other ventures, reading news, producing and presenting radio content for regional networks. Simon doesn’t profess to be a car nut but enjoys driving first and foremost and has a penchant for hot hatches. He helps to provide the everyday-man perspective.

Be the first to comment

Leave a Reply

Your email address will not be published.


*