Geely Holding, majority owner of
Volvo Car Corporation (Volvo Cars) and Geely, will establish a Research
and Development Centre in Gothenburg, 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 Centre will
be run by Mats Fägerhag, currently Vice President at Product Strategy
within Volvo Cars, and leverage on the Volvo technology leadership
within Geely Holding. The new R&D Centre will employ approximately
200 full-time employees.
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