Volvo Cars should do more to leverage global partnerships, Geely Holding's Li Shufu says

Group 1 - Volvo Cars should enhance collaboration with sister brands like Polestar and Geely Autos to strengthen its research and development capabilities in China [1][2] - Li Shufu emphasized that working in isolation could lead to obsolescence, referencing over $1 billion in impairments the company faced last year [2] - The board of Volvo Cars is actively addressing serious challenges and is seeking viable solutions without delay [2]