Geely and Volvo Cars to merge engine operations into standalone unit

Geely Auto and Volvo Cars plan to merge their engine operations into a standalone business unit to develop and produce more efficient engines and hybrid powertrains for all brands under Zhejiang Geely Holding Group and other automakers. The move is subject to diligence and approval.

“Geely Auto and Volvo Cars are planning to merge their engine operations into a stand-alone business unit, which will pool resources to create greater synergy between them and facilitate their electrification campaigns, according to parent company Zhejiang Geely Holding Group.”chinadaily.com.cn

• 1 source
• chinadaily.com.cnGeely and Volvo Cars to merge engine operations - Chinadaily.com.cnLi FushengOct 10, 2019

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