In fact, simply speaking, Volvo Group is involved in many fields such as automobiles, weapons and aerospace. Geely only acquired 0/00% equity of Volvo Car/KLOC, and the premise of the acquisition is that Volvo's R&D and sales model cannot be changed because of the acquisition. However, there is still a lot of down-to-earth work to be done in science and technology. The improvement of product performance and quality can only be achieved through the digestion and efforts of successful experience, even through progress and development. It can also be said that Geely has a long way to go and is the beginning of a new starting point. Geely enjoys a very good reputation among domestic automobile brands.
In fact, in the long run, Geely's acquisition of Volvo depends on his gains and losses. First of all, Geely lost more than one billion yuan and owed a little debt. That's all, when he got more, Geely got Volvo's advanced car-making technology, a long-established car brand, Volvo's advanced enterprise management and operation experience, and thousands of Volvo technology patents. More directly, these are things Geely can't buy with money. Geely only spent1.800 million yuan to get it done. It can be said that as long as Geely uses it well, it will make a big profit this time. Judging from the observation in the next few years, Geely has taken this step very well.
But then again, although Geely actually bought Volvo, it still belongs to others. Geely can only use the technology developed after the acquisition of the two companies, and Geely can't use Volvo's previous technology. Because Volvo is Swedish. Do you think if Geely is acquired by Japan, China will let Japanese companies use Geely's technology casually? Moreover, Volvo was acquired by other companies before it was acquired by Geely. Many technologies were developed with Ford, so there are many things we ordinary people don't know. Now domestic brands are getting better and better. I hope I can trust more domestic brands in the future.