Volvo Cars and Geely Auto to Deepen Collaboration
VOLVO CAR AB STOCK EXCHANGE RELEASE 24 FEBRUARY 2021 AT 14:30 CETVolvo Cars and Geely Auto have agreed on a wide-ranging collaboration that will maximise the strengths of the Swedish and Chinese automotive groups, delivering synergies in powertrains, sharing of electric vehicle architecture, joint procurement, autonomous drive technologies and aftersales. · Powertrain operations to be combined in new company focused on next-generation hybrid systems and internal combustion engines · Expanded use of shared modular architectures for electric vehicles (EVs) · Enhanced collaboration