Geely's Hehe-Based Acquisition of Volvo

Geely's Hehe-Based Acquisition of Volvo

Zhejiang Geely Holding Group is a famous private enterprise which originated in Taizhou. It has demonstrated distinct features of Hehe Culture since its inception. In 2010, Geely Group completed its acquisition of all shares in Volvo Car Corporation. Faced with the integration issues after the acquisition, Geely Group adhered to the principle of respecting cultural differences and explored a way that the two parties could work in an independent but coordinated manner. After properly handling issues on enterprise, talent, technology, intellectual property rights, and trade union culture that are common to see in cross-border mergers and acquisitions, it successfully completed the acquisition and integration, and promoted the integrated development of Chinese and foreign automobile cultures. This was the first time that a Chinese auto company had successfully acquired a foreign luxury car company and brand, and it's called one of the most iconic events of overseas mergers and acquisitions in China's auto industry.

The Hehe-based acquisition of Volvo by Geely fully demonstrates that on the premise of mutual respect and independence, exploring a new development path of joint progress and mutual benefit in accordance with laws and regulations is the right path of cooperation for the common development of enterprises in all countries amid economic globalization.

吉利与沃尔沃的和合并购模式

浙江吉利控股集团是台州市民营企业的代表，自创始之初就具有鲜明的和合文化基因。2010年，吉利集团完成对沃尔沃轿车公司全部股权的收购。面对收购后的整合与融合问题，吉利集团秉持尊重文化差异的价值取向，探索双方相互独立、深度协同的发展方式，妥善处理了跨国并购中普遍存在的企业、人才、技术、知识产权、工会文化等若干问题，顺利完成了收购和整合，促进了中外汽车文化的融合发展。这是中国汽车企业成功收购外国豪华汽车企业和品牌的第一宗案例，被称为中国汽车产业海外并购最具有标志性的事件之一。

吉利与沃尔沃的和合并购模式充分说明，在相互尊重、互不影响独立性的前提下，依法合规地探索一条携手共进、互利共赢的新型发展道路，是经济全球化背景下各国企业共同发展的合作之道。