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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]
[8] Volvo has invested 90 billion SEK in the platform. All SPA based cars will be delivered with 4 cylinder engines. The diesel and petrol engines share the same Volvo Engine Architecture, and Volvo can build 530,000 engines per year. [9] The SPA2 platform, which is an EV-exclusive platform, debuted on the Volvo EX90 and Polestar 3 in 2023. [10]
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 ...
Shares in Volvo Cars tumbled as much as 13% Friday to hit a record low after its biggest shareholder Geely sold part of its stake at a discount to the market value.
Geely bought the Swedish brand 10 years ago for $1.8 billion - a deal that raised its international profile and sent shockwaves through the global auto trade. Fuelled by Volvo, China's Geely seeks ...
Volvo Cars has a long reputation as a maker of inline (or straight) engines. This list of Volvo engines gives an overview of available internal combustion engines. When Volvo started in 1927, they ordered their engines from the engine manufacturer Penta in Skövde. The first engine was the inline four-cylinder side valve 28 hp (21 kW) Type DA ...
The CMA platform configuration featured the four-cylinder 2 litre petrol and diesel engines, but also new 1.5-litre, three-cylinder engines with turbocharged and naturally aspirated variations. [13] The platform will also accommodate a plug-in hybrid configuration capable of 180 bhp, supplemented by a 74 bhp electric motor.