Geely Auto, Volvo Collab To Develop Next-Gen Powertrain Technology
Volvo Cars is eyeing to collaborate with Chinese MNC Geely Auto to develop powertrain operation including next-gen technology for vehicles. Aimed at providing internal combustion engines and transmissions to automobile makers, the merger will jointly source electric motors and connectivity solutions to generate valuable synergies. Besides, the collaboration also includes developing Autonomous Driving to enhance the experience. Volvo CEO Hakan Samuelsson said collaboration is the best way to secure continued growth.