Geely Holding

Type
Business expansion
Country
Sweden
Region
Södra Sverige; Västsverige; Västra Götalands län
Location of affected unit(s)
Gothenburg
Sector
Professional Services
72 - Scientific research and development
72.1 - Research and experimental development on natural sciences and engineering
72.10 - Research and experimental development on natural sciences and engineering
200 jobs
Number of planned job creations
Job creation
Announcement Date
20 February 2013
Employment effect (start)
20 February 2013
Foreseen end date
31 December 2013

Description

Geely Holding, majority owner of Volvo Car Corporation and Geely, will employ 200 full-time engineers from Sweden and China to a new research and development centre in Gothenburg. The centre will develop a new modular architecture and set of components for future C-segment cars, addressing the needs of both Volvo Cars and Geely.

The R&D Centre will be located in Lindholmen Science Park. Recruitments of engineers are ongoing and the centre will be fully operational towards the end of 2013. 

Sources

  • 20 February 2013: svt
  • 20 February 2013: Geely (press release)

Citation

Eurofound (2013), Geely Holding, Business expansion in Sweden, factsheet number 74948, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74948.