Li Shufu: Geely and Volvo to jointly develop electric cars

Li Shufu, chairman of Geely Holding Group recently revealed that Geely Automobile Company and Volvo Car Corporation are discussing the establishment of a joint R & D institutions of electric drive systems

And manufacturing companies, in order to meet the future energy needs of the new competition in the automotive market.

    ""Although we are a pure electric car era there is no timetable, but the direction is more clear."" Said Li Shufu, Geely and Volvo will be large-scale investment

R & D and manufacture of automotive electric drive system to better meet the arrival of a new round of new energy automobile era.
 In fact, Geely and Volvo has long cooperation in the field of new energy vehicles. Geely EC7 is preparing to market pure electric cars, which also includes technical resources

From Volvo's electric vehicle technology.

    According to reports, Geely Automobile R & D investment in new energy vehicles accumulated more than 10 million, especially auspicious international cooperation and international advanced technology funding

Integration of sources to make energy-saving and new energy Geely models of R & D has made substantial progress in recent years, a large technical reserves has been completed.

    Geely Automobile has recently also acquired a British manufacturer of electric vehicles Emerald, continue to integrate global resources to strengthen the research and development of new energy vehicles.

    Mr. Li believes that in cooperation with a group of internal Geely and Volvo are essential for the future development of each other. In the framework of the new ownership, Volvo

The following has been running for nearly four years, the transformation of the first $ 11 billion investment plan are producing results, will soon release a series of new models. Geely Automobile

Companies in Sweden with Volvo Car Corporation established a joint R & D center has been officially running joint research and development infrastructure module.

    After completing the acquisition of Volvo, Geely Geely Holding Group's global strategy to make adjustments to determine the ""Geely Geely, Volvo

Volvo ""brand relationship is a popular car brand Geely, Volvo is a luxury car brand."" Geely and Volvo Cars are brothers and

Not a parent-child relationship, but the two car companies belong to Geely Holding Group, the two car companies and other automotive counterparts in the world, both sides make the greatest

May seek cooperation. ""Mr. Li said.