Market Chatter: Volvo Car to Give Chinese Executives More Control in Push to Win Local Market

MT Newswires Live
2025/09/04

Geely Automobile's (HKG:0175) affiliate Volvo Cars is changing its governance model to give more control to executives in China as part of a broader push to win local market share, Bloomberg reported Wednesday.

The move will reportedly help local teams tailor manufacturing, product, and technology developments to suit the Chinese market.

As part of that push, the company also appointed former Zeekr Intelligent vice president Zhu Ling as head of Asia Pacific operations for Volvo.

Geely, Volvo, and Zeekr are all controlled by Zhejiang Geely Holding Group.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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