Volvo Car and Geely Automobile to combine their businessesChristian Fernsby ▼ | February 10, 2020
Volvo Car and Geely Automobile Holdings are considering combining their businesses to create a strong global group, which would accelerate financial and technological synergies between the two companies.
Auto industry Geely Automobile
Topics: Volvo Car Geely Automobile
The considered combination would have the scale, knowledge and resources to be a leader in the ongoing transformation of the automotive industry.
The combination would preserve the distinct identity of each of the brands Volvo, Geely, Lynk and Co and Polestar.
A combined company would have access to the global capital market through Hong Kong and with the intention to subsequently list in Stockholm as well.
Volvo Cars and Geely will create a joint working group to prepare a proposal to their respective boards. ■