Geely Chair Urges Volvo Cars to Expand Global Partnerships
Li Shufu urged Volvo Cars to boost R&D in China and collaborate with sister brands. The move follows over one billion dollars in impairments booked last year.
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During the annual general meeting in Gothenburg on Tuesday, Li Shufu, the chairman of Volvo Cars and Geely Holding, emphasized the critical need for the Swedish automaker to deepen its integration with global partners. He specifically urged the company to explore expanded collaboration with sister brands such as Polestar Automotive Holding UK PLC and GEELY AUTOMOBILE HOLDINGS LT.
