Chinese automaker Geely has decided to merge with Swedish-based automaker Volvo . It is said that the financial and technological growth target has an impact on Geely 's decision.
The new company, born with the merger of Geely and Volvo , will be traded on the Hong Kong stock exchange. With the merger, brands such as Geely , Volvo , Lynk & Co and Polestar are said to protect their identity.
Geely , in 2010. Ford the company Volvo had bought the company. Now, Volvo is preparing to merge with its roof company Geely . As a result of this merger, Volvo will also have a voice in Lotus and Proton companies, which are under Geely's control .
How the board of the company will be born as a result of the merger is curiously expected. No statement has yet been received from the authorities of both firms on this matter.
Mergers in the automobile market, which took place intensely last year, continue this year as well. In 2019, the Italian American company FCA and the French company PSA joined forces . At the same time, Volkswagen and Ford companies collaborated on electric cars and commercial vehicles.
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