China Euro Vehicle Technology (CEVT), Geely Holding Group’s development company in Gothenburg, has grown rapidly since its start in 2013. Among other things, the company has developed a new and smaller platform for Volvo and Geely cars, launching a new car brand, Lynk & Co.
Geely has already invested some SKr 10 billion in CEVT, which is outgrowing its present premises, and has decided to build a new innovation centre with offices and housing on Lindholmen. The 80,000 square metre property will also house Geely’s sales and marketing unit, ahead of the launch of Lynk & Co in Europe. CEVT currently has 2,000 in its employ and expects to create a further 1,500 jobs once the centre is built.