China's Lynk & Co Will Tap Volvo for Engines and Platforms
Volvo and Geely have announced a new joint venture that will see the companies share existing and future technologies.
The goal of the joint venture will be to deepen industrial synergies and provide the economies of scale so that both automakers can rapidly develop next-generation electrified vehicle technology. Geely’s new Lynk & Co will also benefit from the partnership, which means Volvo, Geely, and Lynk & Co will share vehicle architecture and engine technologies through cross-licensing arrangements of technologies managed by the new joint venture. The companies will also cooperate more closely by commonly sourcing components and cutting costs.
All three companies fall under the Geely Holding umbrella, but the new joint venture will be 50/50 owned by Volvo Cars and Geely Holding. It will be headquartered in China, with a subsidiary in Gothenburg, Sweden.
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Both Volvo and Geely already share technology, like the Compact Modular Architecture (CMA) that will underpin Volvo’s future 40 series as well as Lynk & Co models.
In addition to announcing the joint venture, Volvo is taking a significant minority shareholding in Lynk & Co. The new automaker will be jointly owned by Geely Holding, Geely Auto, and Volvo Cars.
“Partnerships to share know-how and technologies are common practice in the automotive industry. This is the model we are adopting,” said Håkan Samuelsson, president and chief executive. “This planned collaboration will strengthen Volvo’s ability to develop next generation electrified cars.”
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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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