# 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.

- Type: Partnership
- Announced: 2017-07-20
- Where: Hangzhou, China, China
- Status: announced
- Products: vehicle technologies, electric vehicle systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Zhejiang Geely Holding Group](https://endata.com/companies/24488.md)
- [Volvo Cars](https://endata.com/companies/21173.md) (partner)
- [Zhejiang Geely Holding Group](https://endata.com/companies/24488.md) (partner)
- [Geely Auto](https://endata.com/companies/25741.md) (partner)
- [LYNK & CO](https://endata.com/companies/25742.md) (partner)

## Sources

- [zgh.com](https://zgh.com/media-center/news/20170720_1-2/?lang=en), 2017-07-20: "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](https://zgh.com/media-center/news/20170804_1/?lang=en), 2017-08-04: "These joint ventures will create significant value for our automotive brands."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.