VOLVO AND GEELY TO SHARE TECH

The Witness - Wheels - - MOTORING -

VOLVO Cars and Geely Hold­ing, the Chi­nese car group, on Fri­day com­pleted the for­ma­tion of two new en­ti­ties to share ex­ist­ing and fu­ture tech­nol­ogy and pro­vide the economies of scale that will al­low them to more rapidly de­velop next gen­er­a­tion of elec­tri­fied ve­hi­cle tech­nol­ogy.

The agree­ments for­malise the strate­gic pri­or­i­ties, man­age­ment teams and tar­geted syn­er­gies for the col­lab­o­ra­tion within the group.

Volvo Cars and Geely al­ready share tech­nol­ogy, most notably the Com­pact Mod­u­lar Ar­chi­tec­ture plat­form, which is be­ing used by Volvo Cars for its soon to be an­nounced smaller range of 40 se­ries cars and by Lynk and Com­pany.

“We look for­ward to ex­pand­ing our co-op­er­a­tion with Lynk and Com­pany. It will be ben­e­fi­cial for both com­pa­nies”, said pres­i­dent and Chief Ex­ec­u­tive of Volvo Cars Håkan Sa­muels­son. The for­ma­tion of the com­pany is ex­pected to be fi­nalised in Septem­ber 2017 and is sub­ject to rel­e­vant cor­po­rate and author­ity ap­provals.

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