Geely and Volvo Cars form joint venture for technology and sourcing

Zhejiang Geely Holding Group signed a memorandum of understanding with Volvo Cars to create a new joint venture for cooperation on shared vehicle technologies and component-sourcing. Additionally, Geely Holding and Volvo Cars will take a 50% stake in LYNK & CO.

“Zhejiang Geely Holding Group has today signed a memorandum of understanding with Volvo Cars to create a new joint venture enabling closer co-operation between Volvo Cars and Geely Auto Group on shared vehicle technologies and component-sourcing.”zgh.com

• 2 sources
• zgh.comGeely and Volvo Cars to Co-operate on Technology and Sourcing Through New Joint VentureJul 20, 2017
• zgh.comGeely And Volvo Cars Sign Joint Venture Agreements on Technology-Sharing and Development of LYNK & CO : Media Center – Zhejiang Geely Holding GroupAug 4, 2017

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