This was the big announcement this week: the Renault’s major overhaul, which will split into two entities. Ampère will handle the development of electric and power vehicles, heat engines and other hybrid mechanics. This Power company, 50% owned by the Chinese manufacturer Geely, aims to sell combustion engines to many customers through the “Horse” subsidiary: Renault, Dacia and Geely, of course, but also Proton, Nissan, Mitsubishi, Proton as well . like Lynk & Co (brand of Geely) and Volvo (also under the control of Geely).
But eventually it will be necessary to count without the Swedes. In an official press release, Volvo notes that it will not participate in efforts to develop hot engines, designed within the framework of this new Horse design. The Scandinavian brand, which plans to sell only electric cars in the world in 2030, proudly explains that it is already abandoning the development of heat engines. To do so, it will sell its 33% stake in Aurobay, the company that produces Volvo engines in Sweden, which is owned by Geely.
This sale of Volvo’s internal combustion engine production operations was planned for last year however, even if the manufacturer will continue to offer internal combustion engines in its models (from the XC40 to XC90, all Volvos currently sold in France are available with a heated engine except the C40). But the brand expects to sell 50% of electric cars by 2025.