Geely Holding has signed a €2.4 billion (US$2.57bn) three-year facility to refinance its stake in Volvo Trucks, according to a 4 March 2025 report by Bloomberg. Sources familiar with the matter told the outlet the deal was signed on 25 February as the Chinese automaker looks to expand its profits by focussing on the burgeoning electric car segment.
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Already a member?
