# Volvo Cars and Geely Holding to form joint venture for technology sharing

Volvo Cars and Geely Holding signed a Memorandum of Understanding to establish a 50/50 joint venture to share vehicle architecture and engine technologies, with headquarters in China and a subsidiary in Gothenburg, Sweden.

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

## Companies

- [Volvo Cars](https://endata.com/companies/21173.md) (partner)
- [Geely Holding](https://endata.com/companies/25757.md) (partner)

## Sources

- [volvocars.com](https://www.volvocars.com/intl/media/press-releases/ACE0F204F688E594/), 2017-07-20: "This planned collaboration will strengthen Volvo’s ability to develop next generation electrified cars."

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