Are Volvo and Geely the same company?
1 Answers
Volvo and Geely are indeed part of the same company, as Geely Automobile acquired Volvo Cars. Geely has provided Volvo with substantial financial support and a relatively autonomous development environment, while also benefiting from Volvo's production technologies. The acquisition of Volvo by Geely has allowed Geely to integrate Volvo's advanced manufacturing techniques, accelerating the global expansion strategies of both brands. Geely's first CMA (Compact Modular Architecture) factory in China, built to Volvo's construction standards, is operated by Volvo Car Group. Following the acquisition, Geely has also enhanced the product competitiveness of its vehicle lineup, earning a stronger reputation in the market.