SEHK:175Auto
Does Volvo’s Battery Plant Pause Reshape the Bull Case for Geely Automobile Holdings (SEHK:175)?
Earlier this week, Volvo Cars, majority-owned by Geely Automobile Holdings, paused work at its Gothenburg battery plant under construction, laying off 75 employees after failing to secure a new partner following Northvolt’s bankruptcy.
The move highlights uncertainty around Volvo’s in-house EV battery production roadmap, which could have knock-on effects for Geely’s broader electric vehicle supply chain plans.
We’ll now examine how this pause in Volvo’s Gothenburg battery project could...