Skip to main content

Volvo Cars and Geely to deepen partnership and establish joint venture to boost synergies

Képtalálat a következőre: „volvo logo”
Volvo Cars, the premium car maker, is planning to set up a new joint venture technology company with Geely Holding, the Chinese car group, to share existing and future technology, deepen industrial synergies and provide the economies of scale that will allow them to more rapidly develop next generation electrified vehicle technology.

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, Geely Auto and LYNK & CO are controlled by Geely Holding, the Chinese car group. The new joint venture will be 50/50 owned by Volvo Cars and Geely Holding and be headquartered in China with a subsidiary in Gothenburg, Sweden.

“Partnerships to share know-how and technologies are common practice in the automotive industry. This is the model we are adopting,” said Håkan Samuelsson, president and chief executive. “This planned collaboration will strengthen Volvo’s ability to develop next generation electrified cars.”

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.

The intellectual property rights for the technology to be shared will remain with the company that developed it, but the technology itself will be available for use by Volvo, Geely Auto and LYNK & CO, via license agreements.

Future modular vehicle architectures and other technology will be shared and developed based on cost sharing agreements. The company leading the development will own the technology and the other group companies will have full access to it through a license, reducing overall development costs.

It is expected that the collaboration will extend in future to also cover electrified vehicle components such as battery cells, e-motors and charging systems in order to maximize synergies across the group.

Separately, it is also announced today that Volvo is to take a significant minority shareholding in LYNK & CO. This stake reflects the fact that LYNK & CO will benefit from the use of Volvo technology both now and in the future. LYNK & CO will be jointly owned by Geely Holding, Geely Auto and Volvo Cars.

Li Shufu, chairman of Geely Holding said: “We will unlock significant benefits across our portfolio by sharing both technologies and next-generation vehicle architectures. I am confident these synergies can be achieved while preserving the separate identities and strategic autonomy of our different automotive brands.”

The above transactions are subject to definitive agreements and relevant authority approvals.

Comments

Popular posts from this blog

C8 Corvette Spied Again | May 18

2015 Zolland Design Volkswagen Beetle 4x4

Yeah yeah it's Geneva and all, but is this thing cool or what 

Ferrari SP38

Maranello, May 23 2018 – The Ferrari SP38, the latest offspring from Ferrari’s One-Off programme, has been unveiled at Fiorano where, after the ceremonial handover to one of Ferrari’s most dedicated customers, the car was immediately put through its paces in a series of hot laps.
Designed by the Ferrari Design Centre on the chassis and running gear of the 488 GTB, this unique car reflects the specific vision of a client with a deep passion for racing. The result is a model that can be driven both on road and on track, while at the same time expressing all the beauty and innovation inherent in Ferrari’s road cars.
The all-new bodywork, in a newly conceived three-layer metallic red, marks a radical departure from the language aesthetic of the donor car. The twin-turbo, twin-intercooler set-up of the award-winning 488 GTB inspired the team to reference the mighty F40 as an icon from which to instruct the project’s general direction.
Compared to the 488 chassis, the visual mass of SP38 a…

Spied | C8 ME Corvette | May 16

Things are getting shaped... and that shape is gor-geous. More beautiful than any rendering before. It looks that the car has flat top racing style steering wheel, flat engine cowl, buttresses, active-aero, beefy dual brake calipers in the rear, folding hard top.

source

What's New with the 2019 Corvette - 2018 NCM Bash

Mercedes-Benz 230 SL. Aus Liebe zur „Pagode“

Drive the Boss! Toto and Valtteri Tear It Up at Silverstone

2018 Lexus LS 500: “Stand Out” Featuring Jason Day

Das ist (die Neue) BMW 8 (G17). Well...?

Like? Unlike? Unlike the concept, this is...