Communications That Deliver
Media Centre -> Volvo Buses and SAIC Motors form joint company for new energy driveline systems(Back)
Volvo Buses and SAIC Motors form joint company for new energy driveline systems
Client: Volvo Bus Corporation
Date: 19th Apr 2011
Reference: VBC11006

Volvo Buses and Chinese SAIC Motors have agreed to form a new joint venture company. It is a company for driveline systems for new energy buses such as hybrids and electric buses. The new company will be owned by SAIC with 60% and by Volvo with 40%.