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The Volvo Engine Architecture [13] (VEA) is a family of straight-three and straight-four automobile petrol and diesel engines produced by Volvo Cars in Skövde, [30] Sweden, since 2013, [31] Zhangjiakou, [32] China, since 2016 [33] and Tanjung Malim, Malaysia, since 2022 by Proton. [34]
Volvo Group (6.8% stake) In 2017, Geely acquired an 8.2% stake of Volvo AB, which is also about 15% of votes. [132] [133] In January 2024, Geely announced to reduce its holdings in Volvo Group by 685 million USD. The stake has been lowered from 8.2% to 6.8%. Despite the reduction, Geely remains the second-largest shareholder in Volvo Group. [134]
The Global Engine Petrol 3 is a three-cylinder engine jointly developed by Volvo and Geely based on the Volvo Engine Architecture. It is marketed under the Drive-E and G-power names. Main article: Volvo Engine Architecture
Volvo Cars will merge its engine development and manufacturing assets with those of parent Geely, creating a division to supply in-house brands Lotus, LEVC, Lynk and Proton, and also potential ...
Geely is part of a sprawling auto empire owned by Zhejiang Geely Holding Group, No. 185 on Fortune’s Global 500 and founded by Li Shufu in 1986. Geely Automobile Holdings is the group’s Hong ...
Geely's first car, the Geely Haoqing, rolled off the assembly line in Linhai, Zhejiang on 8 August 1998. The Haoqing is similar to the small Japanese car Daihatsu Charade and is powered by a Daihatsu three-cylinder engine. However, Geely did not obtain its national production license until 9 November 2001, which delayed mass production until ...