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No question that Volvo Cars is making more money now than under prior ownership. I think there's still some question if Geely has a brilliant overall plan or i
by radpanda 2y ago
No question that Volvo Cars is making more money now than under prior ownership. I think there's still some question if Geely has a brilliant overall plan or is just trying lots of stuff to see what works.
There's Polestar, which is headquartered essentially next to Volvo Cars HQ and sells fairly similar vehicles. Although, Volvo Cars recently announced they were going to stop funding (and actually sell a ton of shares in) Polestar: https://www.reuters.com/business/autos-transportation/volvo-cars-proposes-distribute-627-polestar-stake-shareholders-2024-02-23/ https://www.reuters.com/business/autos-transportation/volvo-...
Geely owns Lotus now and plans to make EVs that are completely different from previous Lotus cars, but investors don't seem confident about that play: https://www.carscoops.com/2024/03/lotus-shares-tumble-40-since-ipo-as-parent-geely-plans-world-domination/ https://www.carscoops.com/2024/03/lotus-shares-tumble-40-sin...
Then there's Zeekr and Lync & Co:
https://electrek.co/2024/04/19/zeekr-unveils-deluxe-mpv-marble-curtain-glass-called-the-009-grand/ https://electrek.co/2024/04/19/zeekr-unveils-deluxe-mpv-marb...
https://www.autoevolution.com/news/lynk-co-07-emp-sedan-is-a-volvo-in-disguise-will-get-585-horsepower-227767.html https://www.autoevolution.com/news/lynk-co-07-emp-sedan-is-a...
Oh and there's Proton too, also owned by Geely: https://technode.global/2024/02/22/malaysias-national-car-proton-hints-about-launching-new-energy-vehicles-soon-report/ https://technode.global/2024/02/22/malaysias-national-car-pr...
And that's not even all of Geely's brands ... so the big question is does Geely have a coherent plan with all this? Or will these various brands eventually need to be consolidated? Maybe Volvo Cars absorbs all of the surviving Geely brands one day?
- CharlieDigital 2y agoI don't see their sprawl as an issue. Zeekr/Lync & Co. -- so far -- are not shipping to Western markets. Proton also has relatively limited distribution outside of S/E Asia.
- radpanda 2y agoZeekr and Lynk & Co are both available in some European markets. https://www.zeekr.eu/test-drive?c=001 https://www.zeekr.eu/test-drive?c=001 https://www.lynkco.com/en/market-selector https://www.lynkco.com/en/market-selector
- piva00 2y agoI've seen quite a few Lynk & Co on the streets of Stockholm, and Zeekr has a flagship store at Kugsträdsgården right across the Royal Palace and some 10 min walk from Centralstation.
- radpanda 2y agoWow, you can take a 10-minute walk around the block in Stockholm and see the Zeekr, Lynk & Co, Polestar and Volvo stores: https://www.google.com/maps/dir/Zeekr+Center+Stockholm,+Hamngatan,+Stockholm,+Sweden/Polestar+Stockholm,+Norrlandsgatan+5,+111+47+Stockholm,+Sweden/Lynk+%26+Co+%7C+Stockholm+club,+Norrlandsgatan,+Stockholm,+Sweden/Volvo+Studio+Stockholm,+Jussi+Björlings+allé,+Stockholm,+Sweden/@59.3330657,18.0683359,18z/data=!3m1!4b1!4m26!4m25!1m5!1m1!1s0x465f9ded7d3ea4ad:0xc3bc45b78235946e!2m2!1d18.0676558!2d59.3324696!1m5!1m1!1s0x465f9de8dbb868c1:0x5ea25260735fa2!2m2!1d18.07115!2d59.333457!1m5!1m1!1s0x465f9dae6c55cedd:0x9ce832f9413786ad!2m2!1d18.0715411!2d59.3338898!1m5!1m1!1s0x465f9d5ea91a47eb:0xccbf37e6cf836326!2m2!1d18.0699786!2d59.3319262!3e0?entry=ttu https://www.google.com/maps/dir/Zeekr+Center+Stockholm,+Hamn...
- jauntywundrkind 2y agoI really like the idea of businesses that try in parallel. Instead of creating a team to do something, create 3 teams or 5 teams. Then see how different efforts compare against each other. As long as your teams are performing reasonably/not-dysfunctional, it feels like you can keep teams separate but try to share some lessons.
- singularity2001 2y ago> brilliant overall plan or is just trying lots of stuff to see what works. trying lots of stuff can be a brilliant plan