New partnership sees the formation of Lynk & Co.
Volvo Cars and Geely Holding have entered into a partnership that will see the two car manufacturers sharing existing and future technology in order to optimize economies of scale and speed up the development next generation electrified vehicle technology.
A separate Lynk & Co company will also be formed, jointly owned by Volvo Cars, Geely Holding and Geely Auto.
Volvo Cars and Geely already share technology, most notably the Compact Modular Architecture (CMA), which is being used by Volvo Cars for its soon-to-be-announced smaller range of 40 series cars and by Lynk & Co.
“These joint ventures will create significant value for our automotive brands. We aim to deliver global economies of scale by facilitating closer cooperation between our brands on shared vehicle architectures, powertrain development and electrification, while offering synergies that will enable Lynk & Co to achieve its full potential,” said Li Shufu, Chairman of Geely Holding.