# Geely Auto and Volvo to merge combustion engine businesses

Geely Auto and Volvo Car Group plan to consolidate their combustion engine businesses into an independent supplier that will produce 2 million engines annually. The merger is still being planned and requires approvals.

- Type: Acquisition
- Announced: 2019-10-08
- Status: announced
- Capacity: 2 million engines per year
- Products: combustion engines, hybrid power systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Geely Auto](https://endata.com/companies/25741.md)
- [Volvo Car](https://endata.com/companies/29430.md) (partner)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/greely-auto-volvo-in-talks-to-merge-engine-businesses), 2019-10-08: "The merger is the latest in a series of business integrations after Geely spent USD1.8 billion to acquire Volvo in 2010 and forms part of Volvo's shift to all-electric vehicles."

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