China’s automakers are a “slowly, then suddenly” story.
Geely bought 20% of the company that makes London’s cabs in 2006, then all of Volvo in 2009, the. A controlling interest in Lotus in 2017.
They’ve used increasing scale to create shared platforms across brands (including new brands like Polestar).
It’s really a classic well-executed capitalist play of rolling up smaller companies into larger enterprises with greater scale economies and deeper expertise and vertical integration.
It’s great to see, and gives me in the sometimes-dubious capitalist claim that incumbents at a sufficient level of complacency get eaten.
Geely bought 20% of the company that makes London’s cabs in 2006, then all of Volvo in 2009, the. A controlling interest in Lotus in 2017.
They’ve used increasing scale to create shared platforms across brands (including new brands like Polestar).
It’s really a classic well-executed capitalist play of rolling up smaller companies into larger enterprises with greater scale economies and deeper expertise and vertical integration.
It’s great to see, and gives me in the sometimes-dubious capitalist claim that incumbents at a sufficient level of complacency get eaten.