Volvo Cars

TPV has secured a deal with Volvo Cars to develop and produce structural chassis and automobile bodywork for electric vehicles. The contract will lead to over 100 new jobs and expansion of production capacities in Slovenia.

Sogefi has contracted with Volvo Cars to supply engine coolant pumps for several future hybrid models, including XC40, S60, V60, XC90 and S90. The contract will generate an additional EUR10 million in annual sales, with production starting at Sogefi's plant in Wujiang, China in 2019.

Sanhua Auto Components, a subsidiary of Zhejiang Sanhua Intelligent Controls, received a nomination letter from Volvo to be the global supplier for the water-cooled plate project on Volvo's new energy electric vehicle platform, with expected domestic sales over CNY 600 million over the lifecycle.

Zhejiang Sanhua Intelligent Controls' subsidiary Sanhua Auto Components was selected by Volvo Cars as a supplier of thermal management components for its new energy electric vehicle platform, with estimated global sales of CNY 600 million over the product lifecycle.

Volvo Cars announced it will take a significant minority shareholding in LYNK & CO, a brand controlled by Geely Holding.

Volvo Cars and Geely Holding signed a Memorandum of Understanding to establish a 50/50 joint venture to share vehicle architecture and engine technologies, with headquarters in China and a subsidiary in Gothenburg, Sweden.

Zhejiang Geely Holding Group signed a memorandum of understanding with Volvo Cars to create a new joint venture for cooperation on shared vehicle technologies and component-sourcing. Additionally, Geely Holding and Volvo Cars will take a 50% stake in LYNK & CO.

Hutchinson launched a new automotive components plant in Zawada, Poland, to produce car body seal systems for PSA Group and Volvo Cars. The $44 million facility is expected to employ 240 by year-end and eventually 700.

Autoliv and Volvo Cars launched Zenuity, a 50/50 joint venture to develop ADAS and autonomous driving technologies, with Autoliv investing SEK 1.1 billion ($125 million). The JV is headquartered in Gothenburg, Sweden, with operations in Munich and Detroit, and started with 300 employees.

Autoliv and Volvo Cars signed a final agreement to form a 50/50 joint venture named Zenuity, to develop software for autonomous driving and driver assistance systems, with Autoliv investing around 1.1 billion SEK.