Volvo Cars to divest 33% holding in Aurobay to parent company Geely Holding

Acquisition, divestment & Spinoff

Volvo Cars plans to focus its investments and capital allocation on developing high performance fully electric powertrains

Swedish carmaker Volvo Cars plans to divest its 33 percent stake in Aurobay to parent company Geely Holding as part of its corporate strategy to develop only electric cars by 2030, the company announced on 8 November 2022.

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