# 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.

- Type: Partnership
- Announced: 2021-02-24
- Status: announced
- Products: powertrain products, dual-motor hybrid systems, electric vehicle architectures, autonomous driving solutions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Volvo Cars](https://endata.com/companies/21173.md) (partner)
- [Geely Automobile Holdings](https://endata.com/companies/27939.md) (partner)

## Sources

- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/market-industry/geely-auto-announces-best-solution-for-business-combination-with-volvo-cars-70018025), 2021-02-24: "Geely Auto and Volvo Cars have already found the best solution for combining their businesses."

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