Volvo and Geely join forces to develop enginesOctober 7, 2019
The new detached unit will develop a new generation of hybrid power plants, as well as ICE.
Volvo and Geely will combine their own engine divisions to get the new division, which will develop internal combustion engines, as well as hybrids. Such castling will allow the Swedes to concentrate all their forces on electrification, while the Chinese will gain access to modern and efficient installations. They use them on cars of “subsidiary” brands: Geely, Malaysian Proton, British Lotus, London taxi manufacturer LEVC and premium LYNK & CO.
It is possible that over time, the new unit may begin to supply motors for third-party manufacturers. 3 thousand specialists will move from Volvo Cars to a new place of work, and 5 thousand from Geely.
The decision to abandon the development of traditional internal combustion engines, Volvo made in 2018. The current family of gasoline engines will be the last. The Swedish automaker will give up the freed resources for the development of hybrids and all-electric power plants.
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