As a way to “focus fully on the development of its new range of all-electric premium cars in coming years,” Volvo—along with parent company Geely—have created a venture to oversee Volvo’s “powertrain operations” and serve as a “global supplier of complete powertrain solutions, including next-generation combustion engines, transmissions and hybrid solutions.”
More simply put, Volvo and Geely have created a company …
