Volvo Cars to share engine technology and more with parent Geely

Record ID: 905321

  • Title: Volvo Cars to share engine technology and more with parent Geely
  • Date: 4th August 2017
  • Summary: ***WARNING CONTAINS FLASH PHOTOGRAPHY*** VARIOUS OF MANAGEMENT POSING FOR GROUP PHOTOS
  • Embargoed: 18th August 2017 10:46
  • Keywords: Volvo Geely Holding engines carmakers
  • Location: NINGBO CITY, ZHEJIANG PROVINCE, CHINA
  • City: NINGBO CITY, ZHEJIANG PROVINCE, CHINA
  • Country: China
  • Topics: Company News Markets,Economic Events
  • Reuters ID: LVA0026SQQMX9
  • Aspect Ratio: 16:9
  • Story Text: Sweden's Volvo Cars, a unit of Zhejiang Geely Holding Group, has agreed to make some engine technology available for Geely-branded vehicles, deepening ties between the carmakers who already share technology through third brand Lynk & Co.
    Geely and Volvo held a signing ceremony in southeast China's Ningbo on Friday (August 4) for two joint ventures. One is for technology sharing and cooperative purchasing, while the other one is for the newly-launched Lynk & Co.
    Volvo is expected to share a 2.0-liter turbo-charged engine at a later date and will also allow Geely-branded cars to use a common vehicle platform the two automakers developed jointly for Volvo and Lynk & Co.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2017. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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