This article is from the WeChat public account: Prism (ID: lengjing_qqfinance) , author: Luo Songsong, editor: Zhang Qingning
Geely and Volvo’s 10-year long-distance love run is expected to be fruitful.
On February 10, Geely Automobile listed in Hong Kong (00175.HK) Announced discussions with Volvo management on the integration of the two companies to form a larger automotive group.
“The combination of strong and strong will further benefit both parties, while maintaining the brand personality of its Volvo, Geely, Link, and Jixing.” Geely Automobile said in a statement.
Ten years ago, Geely won Volvo through a “snake swallow elephant” merger. Ten years later, Geely won the championship of Chinese auto brand sales, and Volvo’s global car sales have doubled.
But the global automotive industry is experiencing profound changes in the future. Electricity, autonomous driving, and intelligent networking are the general trend. Tesla is aggressive. Cooperation, mergers, and integration in the automotive industry have become the industry consensus.
Geely and Volvo also need 1 + 1> 2 in-depth business collaboration.
What assets are injected
This is not the first news of Volvo’s IPO.
In March 2017, the Financial Times reported that Volvo plans to raise US $ 500 million from China in preparation for listing. In 2018, Volvo went public