Volvo Agrees to Share Vehicle Technology With Geely

Volvo Agrees to Share Vehicle Technology With Geely

Swedish automaker Volvo has agreed to share its vehicle technologies with parent company, Geely, which will include the automaker’s midsize vehicle platform or underpinning technology, interior air quality, and safety systems.

Three technological cooperation agreements were signed by both automakers, though specifics and details were not released. It appears that Geely’s first and foremost objective is to use Volvo’s technology to improve the in-car air quality of its vehicles due to the poor air pollution in China.

SEE ALSO: Volvo Sale To Geely Completed

Much of what Volvo is sharing will be phased out over the next couple of years.

“Volvo Car enjoys a leading advantage in a number of technologies… These technologies and experiences are valuable to Zhejiang Geely Holding Group’s exploration into overseas market and its product quality improvement,” Geely said.

[Source: Reuters]