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In March this year, Geely Automobile and Volvo Cars reached a cooperation agreement, in which Volvo will transfer part of the technology to the companies of Geely Group, in order to deepen mutual cooperation. However, after the agreement was reached between the two parties, no details of technical cooperation were announced. Recently, Geely Automobile announced an external announcement that it will launch three technical cooperations with Volvo in the future and will involve areas such as vehicle models and safety. Volvo will stop using these technologies in the future after transferring technology to Geely Automobile.
In the announcement issued by Geely, we talked about the upgrading of the GMC mid-size car platform. At present, Geely Automobile owns five major platforms and the product line covers A0-C models. The GMC medium-sized car platform mainly produces Dorsett EC8 and medium and large SUVs. According to the technical cooperation information announced by Geely Automobile, it and Volvo Cars will assist Gillian in the upgrading of the GMC (Intermediate Model) platform. According to earlier reports by domestic media, Geely will be allowed to use some of the old Volvo mid-car platform technology.
The Emgrand EC8, as an intermediate model of Geely, competes with other models in the market such as GAC. In terms of sales volume, its monthly average sales volume was close to 800 during the period from June to October 2012. However, it is worth noting that the sales of the Emgrand EC8 in June were 1043 units. In overseas markets, the Emgrand EC8, as one of Geely's main export models, has been exported to many countries and received good feedback. Therefore, this model still has strong competitive strength in domestic independent brands.
Since Geely spent 100 million US dollars to acquire 100% of Volvo in 2010, the two parties have been together for two years, and have not seen any substantial progress in cooperation, which also directly caused the outside world to question. The Geely announced the cooperation information, I believe it is also hope to give consumers confidence. In addition, after getting Volvo mid-size car technology, Geely's luxury brand, Emgrand EC8, will be upgraded, and we also look forward to future cooperation between the two parties.