# Geely and Volvo to launch powertrain venture after merger scrapped

Geely Automobile and Volvo Cars will abandon merger plans but launch a new entity to combine their powertrain operations and expand cooperation on electric vehicles.

- Type: Partnership
- Announced: 2021-02-24
- Status: announced
- Products: powertrain operations, electric vehicles
- 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

- [reuters.com](https://www.reuters.com/business/autos-transportation/geely-volvo-launch-powertrain-venture-after-merger-scrapped-2021-02-24/), 2021-02-24: "China's Geely Automobile and its Swedish sister company Volvo Cars will abandon merger plans but launch a new entity to combine their powertrain operations."

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