Is it true that Chery acquired Volvo?

[StFaith]

Chery did not acquire Volvo; instead, Geely Holding Group completed the full acquisition of Volvo Car Corporation from Ford Motor Company. Background of Chery: Chery Automobile Co., Ltd. was established on January 8, 1997. With the strategic goal of building an "international brand," the company has become the largest independent automobile manufacturer in China after 19 years of innovative development, integrating R&D, trial production, manufacturing, and sales of complete vehicles, powertrains, and key components. It is also the largest passenger vehicle exporter in China. Meaning of Chery's Logo: The new Chery logo features a circular ellipse as its theme, composed of three letters "C," "A," and "C." The diamond-shaped structure in the center represents Chery's relentless pursuit of quality. The upward-pointing chevron symbolizes Chery's commitment to innovation, optimism, and sharing, supporting the brand's continuous progress in quality, technology, and internationalization. The chevron also represents the letter "A," signifying Chery's determination and passion for excellence and leadership.