Volvo and Geely to merge combustion engine operations
Volvo Cars and its Chinese parent company Geely have announced they will spin off their existing internal combustion powertrain operations into a standalone business.
The resulting new business will develop hybrid and pure combustion powertrains for both car makers, as well as the other Geely-owned car companies Proton, Lotus, LEVC and Lynk & Co. It will also offer its products to third-party manufacturers…