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Volvo Car and Geely Automobile to combine their businesses

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Christian 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.
Geely Automobile
Auto industry   Geely Automobile
This would be a combination between two strong companies.

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.


 

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