Geely, Volvo to set up new R&D center in Sweden

Geely Holding, the parent company of Volvo Car Corp and Geely Automobile Holding Ltd, will establish a research and development centre in Sweden.

The centre will develop a new modular architecture and set of components for future C-segment cars, addressing the needs of both Volvo Cars and Geely.

The new R&D centre will employ approximately 200 full-time engineers from Sweden and China. Recruitments of engineers are ongoing and the center will be fully operational towards the end of 2013.

The center will leverage on the Volvo technology leadership within Geely Holding.

Mats Fagerhag, vice president at Product Strategy within Volvo Cars will lead the center. He said, "The modular design allows several different vehicle platforms to be developed from one single architecture, thereby ensuring tailor-made solutions for both brands. This will be a showcase for cooperation between a Western world premium car manufacturer and a thriving Chinese automotive company."

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