The parent company of Volvo will have the originally Swedish car brand work more closely with its own car brand Geely Auto. The two car brands, among other things, set up a new company that is fully dedicated to the development of hybrid systems and combustion engines.
The Chinese concern Geely has a whole series of brands under its wings. Geely is not only the parent company of car brands such as Proton, Lynk & Co and Lotus, but also of Polestar, Volvo and Geely Auto. Volvo and Geely Auto will work more closely together in the future.
Geely believes that deeper cooperation in their own markets will enable Volvo and Geely Auto to better cope with the increasingly stringent requirements placed on new cars and their drivelines. Volvo and Geely currently already share the CMA platform, a modular foundation that sits under cars like the Volvo XC40 and Polestar 2, but is also used by several models from Lynk & Co and Geely Auto.
Volvo Cars and Geely Auto need to cooperate more closely, especially in the field of development of new powertrains. Not only will the brands share autonomous technologies and electric powertrains together, the two companies are also focusing on the development of new combustion engines. The divisions currently developing powertrains at Volvo and Geely Auto will be merged into one joint company managed by Geely Holding. In addition to combustion engines and hybrid systems, the still unnamed new company will also develop transmissions. The technology to be developed will also be available for “[…] other car manufacturers. “
It is also known that Volvo and Geely will also share the new SEA and the new SPA2 platform in addition to the current CMA platform. The SPA2 platform will eventually succeed the SPA platform used by cars such as the S60, S90, XC60 and XC90. The SEA platform (Sustainable Experience Architecture) is for models smaller than cars like the XC40. Geely also indicates that Volvo’s distribution network will also benefit Lynk & Co. That brand will launch the 01 in Europe later this year.