Volvo Cars to Take Full Ownership of its Chinese Manufacturing and Sales Operations
2021 July 21st, Hangzhou/Gothenburg. Volvo Cars has signed an agreement with its parent Geely Holding to acquire Geely Holding’s stake in the companies’ joint ventures in China, with the aim of taking full ownership of its car manufacturing plants and sales operations in the country. The acquisition of an additional 50 per cent of the…