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Chinese tycoon who bought Volvo from Ford plans to face Tesla

September 12, 2021
Source: pledgetimes.com pledgetimes.com
News Snapshot:
Li Shufu, owner of Zhejiang Geely Holding Group, which acquired Volvo from Ford in 2010 for $1.8 billion, plans to take on Tesla. He sees cars as a service, in addition to wanting to improve autonomous driving. The company controls not only Volvo Cars, but also global automotive brands, and has a significant stake in Germany’s Daimler AG, maker of Mercedes-Benz. + BMW announces concept car with 100% recyclable interior + Ferrari and Lamborghini want to continue with gasoline cars after 2035 Cars as services As reported by Reuters, Geely is preparing Volvo for listing on the Nasdaq stock exchange...
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