What are the differences between Volvo and Geely?

[HaydenLynn]

Essentially, it is a joint venture, only producing on behalf of the parent company. Here are the relevant details: Technology Transfer: In 2006, Volvo authorized Changan Ford to produce the Volvo S40 sedan through a technology transfer agreement, making Changan Ford the general distributor of the Volvo S40. Later, before the contract expired, Volvo was acquired by Geely. Joint Development: They jointly develop and use the next-generation dedicated modular architecture for pure electric vehicles, collaborate on globally leading high-level autonomous driving solutions, expand the scope and scale of joint procurement to reduce costs, and Lynk & Co will fully leverage Volvo's overseas sales channels and after-sales network to gradually serve global customers.