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Lynk & Co (Chinese: 领克) was established in 2017 that uses technology developed jointly by Volvo Cars and Geely Auto. [112] Before 2024, It was owned 50% by Geely Auto, 30% by Volvo Cars, and 20% by ZGH. It currently 51% owned by Zeekr and 49% owned by Geely Auto after restructuring.
In February 2020, Volvo and Geely announced that they had started formal discussions about a merger of business. Geely had owned 100% of Volvo, but Volvo Cars had largely been allowed autonomy with its resources. [47] These merger talks were later halted, and 18% of Volvo Cars shares were listed on the Nasdaq Stockholm stock exchange in October ...
Since 2010 Volvo Cars has been owned by the automotive company Geely Holding Group. Both AB Volvo and Volvo Cars share the Volvo logo and cooperate in running the Volvo Museum in Gothenburg, Sweden. [6] The corporation was first listed on the Stockholm Stock Exchange in 1935, and was on the NASDAQ indices from 1985 to 2007. [7]
Volvo Cars' sales rose 5% year on year in November to 66,977 vehicles, led by Europe and the United States, it said on Wednesday. Sweden-based Volvo Cars, majority owned by China's Geely Holding ...
Ford Motor (F) announced Monday that it has completed the sale of Volvo, its Swedish unit, to China's Zhejiang Geely Holding Group. Geely put up $1.3 billion cash for Volvo and issued a note worth ...
It is co-owned between by Geely Auto Group and Zeekr. [3] [4] The brand was founded in Gothenburg in 2016 as a three-way joint venture between Volvo Cars, Geely Auto Group and Geely Holding. [5] In November 2024, its ownership structure was revised to the current form.
Geely Automobile Holdings or hereinafter Geely Auto is a publicly listed company within Zhejiang Geely Holding, a conglomerate largely owned by Li Shufu. Since February 2017, Geely Auto became a constituent of the Hang Seng Index. [6] As of 2024, Zhejiang Geely Holding is the largest shareholder of Geely Auto by holding 39.94% stake, followed ...
Volvo, owned by China’s Geely, reported deliveries surged in 2023 to 708K cars, resulting in SEK 399.3 billion ($38.37 billion) in revenue, a 21% jump from a year ago.