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  Heavy! Geely Volvo Announces merger

  Geely Volvo's merger has finally made substantial progress. On the evening of February 24, Geely Holdings issued the latest announcement on the Hong Kong Stock Exchange to announce the latest merger plan with Volvo Group. Geely Holdings said in the announcement that after a detailed study of various merger options, the two sides have found the best merger plan, that is, the two sides will carry out a series of business mergers and cooperation on the basis of maintaining their existing independent company structure. On February 10, 2020, Geely announced that its management was in preliminary discussions with Volvo's management and had discussed restructuring through the business merger of the two companies.

  Geely Volvo 2021-02-25
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  Geely and Volvo merger talks to resume

  In order to deepen cooperation in capital and business, Geely and Volvo jointly announced plans for a "restructuring and merger" in February this year to form a strong global automotive group to achieve synergy between cost structure and technology development. to meet future challenges. However, due to a number of reasons, the plan was temporarily shelved, and recently the chairman of Geely Motor talked about the restructuring and merger plan. On the last day of 2020, Geely Li Shufu delivered a 2021 New year's address, summing up Geely's achievements over the past year, Li Shufu also talked about the restructuring and merger with Volvo. Li Shufu said: "in 2021, we will be in.

  Geely car Volvo car 2020-12-31
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  Restart negotiations! Geely Volvo will be a multinational car company in the first quarter of next year.

  As we all know, Geely, a leading domestic car company, and Volvo, a multinational luxury brand, announced plans for a merger in February this year. After the merger, Geely will also become a multinational car company, but due to some factors, the two sides suspended the merger plan until recently re-announced that they would resume negotiations.

  Star car 2020-12-03
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  Merger or top priority! Geely is studying specific plans for a merger with Volvo

  According to the results released by Geely Automobile, Geely's revenue in 2019 was 97.401 billion yuan, down 9% from 10.66 billion yuan in 2018, and its net profit was 8.189 billion yuan, down 35% from 12.553 billion yuan in 2018. Geely said in the report that both operating income and net profit fell due to a larger-than-expected decline in overall sales during the year, as well as pricing pressure caused by weak demand and fierce market competition. At present, ample cash flow gives Geely the strength to cope with the impact of the epidemic on sales and production. However, Geely still said that "epidemic."

  Geely Volvo 2020-03-31
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  Half a year loss of 900 million, Volvo and Geely suspended the merger

  As a wholly-owned subsidiary of Geely holding Group, Volvo inevitably suffered a huge impact under the spread of the global epidemic, and suffered operating losses in the first half of the year. On July 21, Volvo released its first-half results, with revenue of 111.8 billion Swedish kronor in the first half of 2020, down 14.1 percent from a year earlier, and an operating loss of 989 million Swedish kronor, compared with a profit of 5.519 billion Swedish kronor in the same period last year. The net loss was 1.171 billion Swedish kronor (about 920 million yuan), down 134.5 percent from the same period last year. Volvo car after Geely holding Group took over.

  Volvo 2020-07-22
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  Restart IPO after three years, Volvo may be listed in Sweden within this year

  On May 13, Volvo officially announced that its board of directors had decided to re-evaluate the possibility of IPO, which is expected to be listed on the Stockholm Stock Exchange of Sweden later this year. However, the final decision on listing depends on the market environment, and there is no guarantee that the listing will take place. This is not the first time Volvo has heard the news of IPO. Volvo started the process of listing in 2018, hiring top investment banks, including Citigroup, Goldman Sachs and Morgan Stanley, to coach Volvo. At that time, Geely valued Volvo at $160-30 billion, while Volvo was given 120.

  Volvo 2021-05-14
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  Geely and Volvo plan to reorganize and merge, which is expected to become the company with the highest market capitalization in China.

  On the evening of Feb. 10, Geely issued an insider announcement that its management was in preliminary discussions with the management of Volvo AB (Volvo) to explore the possibility of restructuring through the merger of the two companies. Geely said that when the two companies were restructured, they would become a strong global automotive group, achieving synergies between cost structuring and technology development to meet future challenges. After the reorganization, Geely Motor in Hong Kong will be docked with the global capital market through the main body of the listing. The next step will be to consider listing in Stockholm, Sweden, but there is no relevant timetable or detailed plan.

  Geely Volvo 2020-02-11
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  The share price fell 11%! Geely Holdings announces sale of a small stake in Volvo

  On November 17, Zhejiang Geely Holdings Group (hereinafter referred to as "Geely Holdings") issued an announcement to reduce its stake in Volvo cars by 3.3%, and Geely Holdings's stake in Volvo cars fell from 82% to 78.7%. Geely Holdings explained in the announcement that in order to further improve Volvo cars

  Wall Volvo cars Geely models holdings markets sales Sweden brands electric announcements global manufacturing investment 2023-11-18
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  Volvo plans to raise 18.5 billion yuan and Volvo will be listed in Sweden

  Volvo plans to IPO and list on the Nasdaq Stockholm Stock Exchange, and its new shares will raise a total of about 25 billion Swedish kronor (18.5 billion yuan), Volvo's official website said on Oct. 4. On IPO, Volvo CEO Hanken Samuelson said, "the decision to move forward with IPO will help enhance our brand and accelerate the transformation strategy of fully electrified, user-directed and higher levels of security. This will help the company achieve continuous growth in sales, revenue and profitability. " Volvo said the Nasdaq Stockholm deal.

  Volvo 2021-10-05
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  29000 cars were sold in the whole year, and Star cars were listed backdoor.

  On June 24th, Polestar, a Swedish brand of new energy vehicles, was listed on Nasdaq in the United States under the stock code "PSNY". It is worth mentioning that Polar Star reached this meeting through a merger with SPAC (Gores Guggenheim).

  Wall Volvo cars markets sales China companies brands Tesse Tesla models Geely new energy targets products 2022-06-25
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  Geely and Volvo will share powertrain by merging engine business.

  Geely and Volvo are exploring the possibility of merging their engine businesses, which is still in the planning stage and needs to be implemented after the two sides reach an intention to merge and complete due diligence, Geely Holdings said today. According to the plan, after the engine business, the partners will establish new powertrain business units, research and development, production powertrain and hybrid power system, and enhance the scale effect in R & D, production, procurement and operation. At the same time, the new business unit will become an independent powertrain supplier and can also supply other vehicle manufacturers. For Volvo, the plan will make Volvo cars.

  Geely Volvo Geely Volvo merger 2019-10-07
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  Geely needs money, too? A discount of about 7.85% for a net rights issue of HK $6.447 billion

  ​ is affected by the global market economy, the world's major multinational car companies are caught in an extreme lack of money environment, have to ask banks for help. Geely, China's largest private car company, also seems to have made a move, issuing an announcement that it will allocate shares to ensure that the company has plenty of cash.

  Geely 2020-05-29
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  Equipped with Volvo 2.0T engine, Geely Xingyue L power system is exposed.

  According to Geely's official announcement, the Xingyue L will be equipped with Volvo Drive-E 2.0TD four-cylinder turbocharged engines. It is understood that the new car is the first model with a Volvo Drive-E 2.0TD engine after the Geely Volvo merger. According to officials, the 2.0TD engine carried by Xingyue L will be available in two tuning versions, including 2.0TD-T4 engine with maximum power 160kw with peak torque of 325Nm and 2.0TD-T5 engine with maximum power 175kw with peak torque of 350Nm. In terms of transmission system, the two engines will match respectively.

  Geely Xing Yue L 2021-03-04
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  Volvo's sales in China fell by 30% in the first quarter, and the first SUV of Polar Star will be released soon.

  On April 7, Volvo released production and sales figures for the first quarter of 2020, selling a total of 13.19 new cars worldwide from January to March, down 18.2% from a year earlier. In March, Volvo sold a total of 46400 new cars worldwide, down 31.2 percent from a year earlier. As for the reason for the sharp decline in sales, it is mainly because the current epidemic in Europe and the United States is in a state of outbreak, car production and car consumption are subject to certain restrictions. Specifically, Volvo's cumulative sales in the European market fell 18.5% year-on-year to 70500 vehicles in the first quarter, including a 35.0% year-on-year decline in March.

  Volvo 2020-04-08
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  Volvo domestic models stop being exported to Europe and the United States

  In addition to supplying the domestic market, Volvo's cars produced in China are also exported to Europe and the United States and other countries, including S60, S90, XC40 and XC60. With the change of the business environment, Volvo announced that its export business would stop, and the cars produced in China would be sold only for the domestic market. According to foreign media reports, Volvo CEO Hanken Samuelson said that Volvo will no longer export Chinese-made cars to the United States or Europe because of the trade dispute between China and the United States. At the same time, he also revealed that Volvo's cars made in China will only be sold in China. Volvo's domestic models in China have always been produced.

  Volvo car 2020-07-23
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  Sell 10,000 cars a day! Geely: 3.65 million cars sold in 2025

  On August 18, Geely Holdings released interim results for 2021, showing revenue of 45.032 billion yuan in the first half of 2021, an increase of 22.30% over the same period last year, and net profit of 2.409 billion yuan, up 3.84% from the same period last year. The increase in revenue and net profit was mainly due to an increase in car sales. Data show that Geely's cumulative sales in the first half of 2021 were 630200, up 18.81 per cent from a year earlier. In terms of specific brands, Geely brand is the main selling brand of Geely cars, with cumulative sales of 508500 vehicles in the first half of the year, an increase of 8.14% over the same period last year.

  Geely 2021-08-18
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  Volvo brand Star will be listed backdoor with a valuation of about 129.2 billion yuan.

  Polestar, Volvo's electric car brand, announced on September 27th that it had agreed to list in the form of SPAC, through the merger of Gores Guggenheim, a special-purpose acquisition company, and that it would be listed on Nasdaq under the symbol "PSNY". It is understood that the valuation of the combined company will reach 20 billion US dollars (about 129.2 billion yuan). Today, Volvo said it would make an additional equity investment of up to $600m (about 3.876 billion yuan) in the Swedish electric carmaker Polaris. Volvo said that after it completed the chase of the polar star.

  Volvo 2021-09-28
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  Geely is the biggest beneficiary of Daimler's cooperation with Volvo in the field of internal combustion engines.

  Daimler and Volvo, parent companies of Mercedes-Benz, are considering cooperation in the field of internal combustion engines to cut R & D costs, foreign media reported. It is worth noting that Volvo is 100% controlled by Geely, which is also the single major shareholder in Daimler, with a stake of nearly 10%. Volvo said it had held preliminary talks with Daimler on the matter, and a spokesman for the company said it was too early to talk about the project, but did not rule out the possibility. A Daimler spokesman said the company's cooperation with Geely was actively developing, but declined to comment further. October 2019, Geely and Waugh.

  Volvo 2020-01-06
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  Li Shufu has another car company listed in the United States!

  On January 31st, Lutes Technology announced that it had reached a final merger agreement with special purpose acquisition company L Catterton Asia Acquisition Corp (hereinafter referred to as LCAA), which is expected to complete the merger in the second half of 2023. According to the merger and acquisition agreement

  Tex Geely Brand Proton Automotive Intelligence Technology models Luter Market West Asia Malay Malaysia Holdings Code 2023-02-02
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  Volvo executives refute rumors!

  Yuan Xiaolin, senior vice president of Volvo Automotive Group worldwide, president and CEO of Asia Pacific, responded to personnel changes for the first time in an interview with the media on August 24. "it seems sudden, but this is a normal personnel transfer," he said. "there is no such thing as' China and Switzerland'. We are on the other side." August

  Wall Volvo Automotive Geely Group Global China China Greater China sales Vice President President sales Senior 2023-08-25