Report: Volvo agrees to transfer some technologies to Geely

Zhejiang Geely Holding Group announced that it has signed a deal with Volvo, which Geely acquired in 2010, allowing the Chinese company to tap some technologies the Swedish automaker plans to phase out over the next couple of years.

[slider id=169193]

Geely said that it signed a total of three “technological cooperation agreements” with Volvo, giving it access to a mid-size vehicle platform, interior air quality, and safety technology.

The cooperation agreements would allow Geely to increase its vehicle engineering abilities and help it cut costs.

“Volvo Car enjoys a leading advantage in a number of technologies,” Geely said in a statement. “These technologies and experiences are valuable to Zhejiang Geely Holding Group’s exploration into overseas market and its product quality improvement.”

– By: Omar Rana

Source: AutoNews


12 DZUS BUTTONS SPRINGS GROMMETS fastener 1/4 TURN button FA6.5-55 fasteners picture
12 DZUS BUTTONS SPRINGS GROMMETS fastener 1/4 TURN button FA6.5-55 fasteners
82 Suzuki GS300L Engine Oil Filter Cover w Spring Nice  GS 300 L T2 picture
82 Suzuki GS300L Engine Oil Filter Cover w Spring Nice GS 300 L T2
73 Yamaha TX 750 Center Stand w Spring & Pin NICE OEM 1973 TX750 T4 picture
73 Yamaha TX 750 Center Stand w Spring & Pin NICE OEM 1973 TX750 T4
1991 Honda ST 1100  Rear Brake Lever w Spring No Road Rash  NICE ST1100 T3 picture
1991 Honda ST 1100 Rear Brake Lever w Spring No Road Rash NICE ST1100 T3
87 Suzuki SP 125 Rear Brake Lever w Spring  NICE  AHRMA VMX SP125 picture
87 Suzuki SP 125 Rear Brake Lever w Spring NICE AHRMA VMX SP125