Volvo and Geely merging development for engines, still needed in hybrids

2020 Volvo XC40 PHEVVolvo will offload its development of internal combustion engines to a new joint project with parent company Geely, the two companies announced Monday, allowing Volvo’s in-house propulsion engineers to concentrate exclusively on electric powertrains. While Volvo says it believes ICEs are here to stay for the foreseeable future, it is in the early…
Source: Hybrid and Electric Car News and Reviews