Volvo Cars and Geely to establish JV to boost synergies, accelerate next-gen electrified vehicle technology

By mmillikin Volvo Cars plans to set up a new joint venture technology company with Geely Holding, the Chinese car group, to share existing and future technology, to deepen industrial synergies and to provide the economies of scale that will allow them to develop next generation electrified vehicle technology more rapidly.

According to a Memorandum of Understanding signed today, Volvo Cars, Geely Auto and LYNK & CO will share vehicle architecture and engine technologies via cross licensing arrangements of technologies managed by the new joint venture. They will also cooperate more deeply by commonly sourcing components and cutting procurement costs.

Volvo Cars,

Read Full Article Here

For more great articles: Green Car Congress

(Visited 1 times, 1 visits today)

Comments

comments



© 2014 RenewaNews