Volvo and Geely plan to combine their combustion engine operations

Volvo and Geely, its Chinese parent, have announced they intend to merge their internal combustion engine (ICE) operations in the near future. When Volvo and Geely's engine operations are merged, the new division will supply internal combustion engines and hybrid powertrains to all members of the Geely family, which also includes Lotus, Lynk & Co and LEVC, the maker of London's black taxi cabs.

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