back to top
mardi, avril 1, 2025
Plus

    Volvo Car AB and Geely Automobile to create a strong global group

    Volvo Car AB and Geely Automobile Holdings Limited (Hong Kong 0175) are considering combining their businesses to create a strong global group, which would accelerate financial and technological synergies between the two companies. This would be a combination between two strong companies.

    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 & 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. 

    “A combination of the two companies would result in a strong global group. We look forward to working with Håkan Samuelsson, president and CEO of Volvo Cars, to further investigate this opportunity with the goal to strengthen the synergies within the Group while maintaining the competitive advantage and the integrity of each individual brand,” said Li Shufu, Chairman of Geely Holding Group.

    A transaction would be carried out in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and be subject to mutually agreed terms and conditions, approvals of the respective boards and shareholders of Geely and Volvo Cars, regulatory approvals and prevailing market conditions.

    In 2019, Volvo Cars employed on average approximately 41,500 (41,500) full-time employees. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for APAC is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).

    Suivez-nous :

    Mustapha Zemri
    Mustapha Zemri
    Journaliste Essayeur Auto & Moto
    Passionné par tout ce qui fait du bruit, je me suis spécialisé dans la presse automobile depuis 2012 ou j’animais une page auto moto dans un magazine, puis j’ai lancé une émission télé qui a été diffusée sur plusieurs chaines privées. Aujourd’hui, j’ai le plaisir d’animer les différentes rubriques de Motorsactu.com, ce média spécialisé dans l’actualité auto, moto et sport mécanique.

    Articles connexes

    Top Actualité

    Nouveautés

    Articles Récents

    Catégories Populaires