There’s a question – could Volvo get engines from Daimler which parental company is Mercedes-Benz? That is just one area of cooperation following the February deal that saw Li Shufu, the owner of Volvo parent company Zhejiang Geely Holding Group, buy a 9.7 percent in Daimler in a deal worth $9 billion.
The information was reported German publication Manager Magazin, which has cited sources at Daimler. The sources said that Daimler would also be willing to purchase a small.
Daimler had almost the same deal with the owners of Aston Martin in 2013. Daimler acquired 5.0 percent of Aston Martin in return for the supply of engines and various electronic systems.
A spokesperson for Daimler refused to comment on the possibility
Li Shufu sees future colaboration in the industry as vital to fending off newcomers such as Alphabet and Uber. He specifically mentioned colaboration in the areas of electric and self-driving cars when he acquired a stake in Daimler. No doubt, both sides will be open to other areas of cooperation.
Manager Magazin’s sources have also suggested that Zhejiang Geely has a new electric car platform that could be shared with other automakers, including Daimler.