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Volvo to share engine technology and more with parent Geely

“Last month Geely and Volvo said they plan to go beyond Lynk & Co and create a joint venture to share technology, such as vehicle architecture and engines via cross licensing arrangements managed by that joint venture” reports autoblog.com. The new joint venture creates a platform where all three brands — Geely, Volvo and Lynk & Co — can formally share the technologies and knowhow they jointly develop and collaborate in purchasing, a Geely spokesman said.Volvo Chief Executive Hakan Samuelsson said the key was to differentiate the brand sufficiently, even if the two groups share more technology.
 
Source: autoblog.com



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