Volvo and Geely plan to combine their combustion engine operations
Volvo and Geely, its Chinese parent, have announced they intend to merge their internal-combustion engine (ICE) operations in the near future.
When Volvo and Geely's engine operations are merged, the new division will supply internal combustion engines and hybrid powertrains to all members of the Geely family, which also includes Lotus, Lynk & Co and LEVC, the maker of London's black taxi cabs.
The Lynk & Co 03 has been all but officially revealed, though that hasn't stopped the Chinese manufacturer from releasing yet another teaser this week.
Like the camouflaged photos published earlier this week, the latest set of designer sketches don't offer too many surprises in terms of the car's looks.
Volvo buys into Lynk & Co, sets up technology sharing joint venture with Geely parent
Volvo Cars has bought into Lynk & Co, its nascent sister brand, and will also setup a 50/50 technology partnership company with the Geely brand, under the larger Geely Holdings umbrella.
The Swedish brand will take a "significant minority shareholding" in Lynk & Co owing, primarily, to the fact that the new brand will use platforms, drivetrains and technologies developed by Volvo.
Lynk & Co 01 revealed: New Chinese SUV “the most connected car to date”
The Lynk & Co 01 has been revealed, making it the first model to be born from the Compact Modular Architecture (CMA) project that Chinese car maker Geely has developed with its Swedish subsidiary, Volvo.
Officially launched in Berlin overnight, the 01 is pitched as a premium offering to “address the needs and preferences of the new global and connected generation”.