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paragon AG announced a nomination for a major order from Geely Auto Group to supply millions of DUSTDETECT particle sensors over seven years, with production starting in the second half of 2020 at paragon's China plant. The initial order volume is approximately EUR 26 million.
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.