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Geely R&D in Gothenburg

Zhejiang Geely Holding Group established a new European R&D center on Feb 20 in the Swedish city of Gothenburg, home to its Volvo Cars division, which will design models and components for mid-sized sedans for both Geely and Volvo. It is scheduled to be operational by the end of the year and employ about 200 full-time engineers from China and Sweden.

Projection: 20 million units