Geely Auto: Signs Non-Binding Memorandum of Understanding with Volvo Cars.

Sina Finance News on March 30th, Geely Automobile announced that the company, through its indirect wholly-owned subsidiary, has entered into a non-binding memorandum of understanding with Volvo Car Corporation regarding the operation of its indirect wholly-owned subsidiary, Lynk & Co Automotive Technology Limited, in Europe. According to the memorandum of understanding, Volvo Car will be responsible for the regional operations of the Lynk & Co brand in Europe, including but not limited to marketing, sales, and after-sales service, in order to accelerate the scalable growth of Lynk & Co in the European market. The proposed arrangement will cover several key European markets, including Germany, France, Spain, and Italy.