Volvo is now our brand in China? The news says it was acquired by Geely

Although Geely acquired and still produces in Northern Europe, it does not have a base in China.

Geely did acquire the Volvo brand, but Volvo is now running independently, the factory is still in foreign countries, and it is normal for imported cars to be imported.

Volvo was acquired by Geely, but Volvo's overseas factories have been producing Volvo models, and if you want to buy such models produced overseas, they are still imported models to sell in China.

Hello, this Volvo was acquired by Geely, but Volvo is still independently operated, of course, there are imported cars.

The Volvo model was indeed acquired by Geely. The company is still in a foreign country, so the models are imported in China.

Hello just acquired a stake in Volvo. At present, there are domestic joint ventures and imported Volvos, which is normal.

Hello, Volvo was just wholly acquired by Geely, and it is not moving the factory to China, and it is normal to have imported models.

Hello! Geely Group only bought a majority stake in Volvo. At present, imported cars are still produced abroad.

Geely acquired Volvo as a wholly owned company, but the factory is still in a foreign country, so it is not surprising that there are imported models.

Hello, this Volvo model was indeed acquired by Geely, but it does not mean that it is a localized car

Geely did acquire Volvo, but if Volvo is a domestic car, it will definitely be a big drop.

Volvo was acquired by Geely, but there are also imported Volvos.

In 2012, Geely and Volvo Cars signed a technology transfer agreement, confirming that the two sides will jointly develop a series of engines and small car platforms with small displacement, as well as joint research and development of new energy vehicles and other technologies. In 2017, Geely and Volvo established a technology joint venture to share technology.

joint procurement of parts, research and development of pure electric vehicle platform, etc.; In 2019, the two companies announced that they would merge their engine businesses. It can be seen that the cooperation between Geely and Volvo has long been more than a simple acquisition relationship, but basically the two are interconnected, and at the same time, the product level has also made results.

For example, Lynk & Co Automobile, which is in the limelight, is a car brand born under the in-depth cooperation and development of the two, and its models also have very distinctive characteristics. Therefore, it can be said that the reintegration of the two is not surprising to summarize the previous timeline and combine the actual product and industry reality. Chinese brands are globalized.

The refinement of European brands and the fact that Chinese car companies go out can be the "Chinese dream" at best, and it is also an inevitable result of Chinese auto companies opening up multiple profit channels. The peculiarity of Geely Automobile is that it is not a state-owned enterprise, and it is subject to much less constraints than state-owned enterprises in the direction of industrial expansion and overseas investment.

In addition, Geely, which has the largest production capacity of a Chinese auto brand, has a global layout, and has always been at the forefront of its own brands in terms of product sales, has sufficient capital and strength to carry out further international expansion one step ahead. For Volvo, Geely's deep pockets will not only keep the Volvo brand fresh in marketing and existing markets.

It is more conducive to the Volvo brand itself to open up more possibilities in more diversified markets. The combination of the two will also mean that Geely will be able to become a truly global automotive company. In terms of nature, it can slightly wrestle with Toyota, Volkswagen and other companies, after all, it has become one of the top ten in the world.

It is also the long-term idea that Geely's Li Shufu has always had, and of course, for now, there is still a long way to go.

Volvo was completely acquired by Geely. On August 2, 2010, Geely Holding Group officially completed the acquisition of all shares of Volvo Car Company, a subsidiary of Ford Motor Company.

Geely paid $1.6 billion in cash and $200 million in bank notes to Ford, with the remainder to be settled in the second half of the year. With the successful completion of the asset delivery of Geely Volvo, it also means that this largest overseas merger and acquisition in China's automotive industry to date has come to a successful end.

Now when it comes to Volvo, everyone will think of it being acquired by Geely, so in the eyes of many people, Volvo also gives people the feeling of a domestic car. Since Volvo was acquired by Geely, Volvo's domestic sales have generally increased, although this trend is not particularly obvious. In China, Volvo should be considered a second-tier luxury car brand.

Although it is a small niche, Volvo is still quite famous in Europe.

On August 2, 2010, Geely officially completed the acquisition of all shares of Volvo. Since then, Volvo has officially fallen into the hands of China's own brand cars. After the acquisition, Volvo's sales did increase, and Geely launched new cars one after another, and the sales were gratifying.

Behind this seemingly win-win cooperation, Volvo has been surpassed by other competing products, its market share has declined, and accidents have occurred frequently. Under the leadership of Geely, there were problems in the market and positioning of the country.

As we all know, Volvo has always prided itself on being the "safest car brand in the world". Of course, we don't deny Volvo's brilliant achievements, such as the active windshield wipers at the start, which make it safer for drivers and passengers to travel in rainy days. In 1944, the integrated trunk line was successfully developed.

In 1995, the first side airbag was developed. It is true that Volvo has made a lot of contributions to the driving safety of car owners in history, but all this no longer existed after Geely acquired Volvo.

In terms of positioning, most of the people targeted by Volvo are mature and stable consumer groups. These consumers care more about the brand or the interior, but the real sense of security. I'm still tired of seeing the BBAs everywhere on the street, and I want to be more low-key and different.

But after all, such a consumer group is still relatively small, and Volvo's ** has no obvious advantages, and it is still relatively expensive overall. Buying it for business is obviously not as good as Mercedes, when it comes to sports, BMW, reliability and comfort. Obviously, just because of the sense of security that cannot be seen or touched, it cannot be accepted by more people.

What's worse is that Volvo doesn't have a Mercedes S and BMW 7 Series like BBA, which makes it easy for the entire brand to hit the ceiling.

Millions of car purchase subsidies.

After Volvo was acquired by Geely, some models were made in China, but some models were not produced in China. Volvo's domestically produced models include S60, S90, XC40, and XC60, but the XC90 is not domestically produced, and the V90 is not domestically produced. After domestic production, the cost was reduced, and the selling price was also reduced.

The XC90 is a mid-to-large luxury SUV owned by Volvo, and this car uses a total of two engines, one is a turbocharged engine and the other is a turbocharged engine.

The turbocharged engine has 254 hp and 350 Nm of torque, this engine has a maximum torque of 1500 to 4800 rpm and a maximum power of 5500 rpm. The engine is equipped with direct injection technology and uses an aluminum alloy cylinder head block.

Mated to this engine is an 8AT gearbox.

The twin-boost engine has 320 hp and 400 Nm of torque, with a maximum torque of 2,200 to 5,400 rpm and a maximum power of 5,700 rpm. The engine is equipped with direct injection technology and uses an aluminum alloy cylinder head block to make it unstoppable.

This engine is also mated to an 8AT gearbox.

The Volvo XC90 uses double wishbone independent suspension for the front suspension and multi-link independent suspension for the rear.

The car is equipped with a full-time all-wheel drive system and uses a multi-plate clutch differential.

Millions of car purchase subsidies.