Volvo Cars and Geely Car are arranging on consolidating, giving Volvo more noteworthy get to open records and they will be recorded in Hong Kong and likely Stockholm.
In 2010, Geely Automobile’s parent company Zhejiang Geely Holding Gather brought Volvo from Passage. The unused substance, besides electric premium brand Polestar and Geometry (Geely’s unused vitality brand), will have five brands creating reasonable sedans to extravagance sports cars, making this China’s, to begin with, the worldwide carmaker, examiners said.
Be that as it may, it is hazy how much Geely’s valuation will be expanded by this merger, with Geely esteemed at $16 million in a Hong Kong post.
In 2019, it sold 1.36 million cars and points to offer 1.4 million this year, Volvo sold an insignificant 700,000 cars a final year.
The companies in an articulation said that they will be sharing a joint working gather to make a proposition for their particular sheets.
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