( – FocusAsia Media Ltd)

ZHEJIANG,, Feb 17 (FAM) – Volvo showcases its V60 at the second China International Import Expo in November 2019. Move by the two companies expected to create China’s most valuable carmaker.

China’s Geely Auto and Swedish brand Volvo Cars, both subsidiaries of Zhejiang Geely Holding Group, are planning to merge their businesses, a move that is expected to create the country’s first truly global and most valuable carmaker.