Zhejiang Geely Holding Group and Volvo Car Group officially signed a contract with Geely Hangzhou Bay R&D Center to form two joint ventures of Geely-Volvo and Lectra. According to the agreement, Geely and Volvo will realize the cutting-edge technology sharing and joint parts procurement in the field of vehicle architecture technology and efficient clean powertrain through mutual authorization. With Volvo's brand and technology blessing, the company was officially promoted to become a joint venture brand.
It is understood that in this cooperation, the Geely-Volvo joint venture company holds 50% of the shares of Geely Holding and Volvo Car. For the Lectra car joint venture, Geely Holding and Volvo Car jointly hold 50% of the shares, and Geely Automobile owns the remaining 50%.
According to the tripartite agreement, the intellectual property rights involved in future sharing technologies still belong to the developer, but Volvo Cars, Geely Automobile, and Lectra have the right to use these technologies, and in the future, all parties can realize the joint development of modular platforms and other technologies. shared. At the same time, the cooperation also covers the development of electric vehicle parts, such as batteries, electric motors, battery charging systems.
At present, Volvo and Geely have realized technology sharing in the CMA module architecture. The platform gives Lectra the ability to develop cars from A0 to B. In the future, the cooperation of the SPA platform will expand the strength and better product layout of the large and medium-sized vehicles in the development of the company.
Volvo will also provide greater technical support to the company in the field of new energy. Its latest powertrain technology and forward-looking electrification technology and autonomous driving technology will be gradually introduced into the product development of the company. At the same time, based on the shared core technology and module architecture, the future components of the Lectra will be jointly purchased with Volvo Cars, and the development of the models will be more efficient through economies of scale.
According to Yi Han, the deputy general manager of the Lectra brand, in addition to the deep integration of the technical level, this will also be a good brand endorsement for the future Lectra to enter the European and American markets. Volvo Car's mature market experience in Europe and North America will be an important guarantee for the company to compete in the global market.
In addition, according to Geely Group President An Conghui, Geely Lectra will launch three new cars in succession before the first half of next year, including the Lectra 01, which will be launched in the fourth quarter of this year, and the Lectra 02 and 03, which will be launched in the first half of next year. At present, Lectra has received more than 1,000 dealers to join the cooperation application.

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