Geely Auto and Volvo Cars to combine powertrain operations into new company

Geely Automobile Holdings and Volvo Cars will merge their powertrain operations into a new company through an equity merger, and will cooperate on electrification, autonomous driving, and other areas while maintaining separate corporate structures.

“Geely Auto and Volvo Cars have already found the best solution for combining their businesses.”autonews.gasgoo.com

• 1 source
• autonews.gasgoo.comGeely Auto announces 'best' solution for business combination with Volvo Cars | GasgooMonikaFeb 24, 2021

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