Volvo, Geely, Eye New Global Merger

Sweden’s Volvo Car AB and China’s Geely Automobile Holding Limited announced that they are seriously considering a ‘global merger’ that will allow the two car brands to combine their strengths and “create a strong global group” that would “accelerate financial and technological synergies between the two companies.”

Following Geely’s acquisition of Volvo in 2010, the planned merger seeks to give each company “the scale, knowledge and resources to be a leader in the ongoing transformation of the automotive industry” while also preserving the “distinct” identity of each brands in their catalogue, which includes Volvo, Geely, Lynk & Co and Polestar.

The newly announced deal comes after Volvo Cars and Geely said they were looking into plans to merge their existing internal combustion engine (ICE) operations last October. This earlier partnership sought to create a stand-alone business that would become a third-party supplier hybrid powertrains for other carmakers, aside from the brands themselves.

media.volvocars.com

“A combination of the two companies would result in a strong global group,” said Li Shufu, Chairman of Geely Holding Group. “We look forward to working with Håkan Samuelsson, president and CEO of Volvo Cars, to further investigate this opportunity with the goal to strengthen the synergies within the Group while maintaining the competitive advantage and the integrity of each individual brand.”

media.volvocars.com

Should the Volvo-Geely global merger push through, it will be the latest in an increasing list of automotive brands partnering with their erstwhile competitors on a global scale.

Some recent examples of mega mergers/partnerships in the automotive world include that of Isuzu and Volvo, Fiat Chrysler and Groupe PSA, and the potentially industry dominating Volkswagen/Ford alliance.

Volvo Cars and Geely will create a joint working group to prepare a proposal to their respective boards, with the combined company having access to the global capital market through Hong Kong and with the intention to subsequently list in Stockholm as well.

A transaction initiated with under the new partnership would be carried out in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and be subject to mutually agreed terms and conditions, approvals of the respective boards and shareholders of Geely and Volvo Cars, regulatory approvals and prevailing market conditions.

Also Read: Volvo’s Fully-Electric XC40 Is One of the Safest on the Road
Volvo’s Support of ‘Birdman’ Helps Save Species from Extinction

Read All

Featured Articles

Recommended Articles For You

Read All

Featured Cars

  • Upcoming

Car Articles From Zigwheels

  • News
  • Article Feature
  • Advisory Stories
  • Road Test
  • VinFast to boost PH EV adoption with full ecosystem strategy
    VinFast to boost PH EV adoption with full ecosystem strategy
    Cesar Miguel . Today
  • Land Rover Defender Octa Black debuts at 2025 Goodwood FOS
    Land Rover Defender Octa Black debuts at 2025 Goodwood FOS
    Cesar Miguel . Today
  • LMI officially launches Dongfeng E70 Pro EV
    LMI officially launches Dongfeng E70 Pro EV
    Cesar Miguel . Today
  • LTO ‘finally’ resolves license plate backlog distribution
    LTO ‘finally’ resolves license plate backlog distribution
    Paulo Papa . Today
  • Autohub Group keen on expanding Zeekr dealer network for future models
    Autohub Group keen on expanding Zeekr dealer network for future models
    Paulo Papa . Jul 14, 2025
  • Is driving stick still relevant to youngsters?
    Is driving stick still relevant to youngsters?
    Paulo Papa . Today
  • Auto, motorcycle brands with horses in their badges
    Auto, motorcycle brands with horses in their badges
    Paulo Papa . Jul 14, 2025
  • Subaru Crosstrek vs. the competition
    Subaru Crosstrek vs. the competition
    Cesar Miguel . Jul 14, 2025
  • Check out Foton Tunland V9’s hits, misses
    Check out Foton Tunland V9’s hits, misses
    Cesar Miguel . Jul 14, 2025
  • Nissan Livina vs. the competition
    Nissan Livina vs. the competition
    Cesar Miguel . Jul 11, 2025
  • Do you still need to wash your car after it rains?
    Do you still need to wash your car after it rains?
    Cesar Miguel . Jun 12, 2025
  • What should you visit first at MIAS 2025?
    What should you visit first at MIAS 2025?
    Cesar Miguel . Apr 11, 2025
  • Do you really need 4x4 for overlanding?
    Do you really need 4x4 for overlanding?
    Cesar Miguel . Mar 26, 2025
  • Number coding 2025: what you need to know
    Number coding 2025: what you need to know
    Paulo Papa . Mar 09, 2025
  • EVs still require lubrication, JAMA execs say
    EVs still require lubrication, JAMA execs say
    Paulo Papa . Mar 09, 2025
  • Honda BR-V S CVT: all about that ‘base’
    Honda BR-V S CVT: all about that ‘base’
    Paulo Papa . Jul 09, 2025
  • Dongfeng Rich 7 4X4 Upper: ideal entry-level truck
    Dongfeng Rich 7 4X4 Upper: ideal entry-level truck
    Paulo Papa . Jul 07, 2025
  • First drive: MG ZS Hybrid+
    First drive: MG ZS Hybrid+
    Cesar Miguel . Jun 30, 2025
  • BYD eMAX 7 Superior Captain: MPV for modern families
    BYD eMAX 7 Superior Captain: MPV for modern families
    Paulo Papa . Jun 18, 2025
  • Suzuki Ertiga Hybrid: modest mover
    Suzuki Ertiga Hybrid: modest mover
    Paulo Papa . Jun 05, 2025