Volvo Car

Daimler AG and Geely Holding Group have launched plans to collaborate on developing highly efficient powertrain systems for next-generation hybrid vehicle applications, including a next-generation gasoline engine for hybrids to be produced in Europe and China.

Yingli (英利-KY) has signed a contract with Volvo Car Group for the co-development and supply of new energy vehicle subframes, pedestrian protection beams, and related aluminum parts. The total contract value over the product lifecycle is approximately CNY 650 million.

ÅF signed a two-year agreement with Volvo Car Corporation to provide turn-key automation and robotic technology services for converting an automated production line at Volvo's engine manufacturing facility in Skövde, Sweden.

Geely Auto and Volvo Car Group plan to consolidate their combustion engine businesses into an independent supplier that will produce 2 million engines annually. The merger is still being planned and requires approvals.

Cayman Engley Industrial Co Ltd plans to sign a joint development and purchase contract with Volvo Car for battery boxes, beams and related aluminum parts for new energy vehicles, with a contract amount of about 1.5 billion yuan.