Beijing Business Daily News (Reporter Liu Xiaomeng) On November 14th, Volvo announced the transfer of its 30% stake in Lynk&Co to Jike Motors for a consideration of 5.4 billion yuan (approximately 8 billion Swedish kronor).
Volvo Cars stated that the transaction consideration will be paid in cash, with 70% to be paid upon completion and 30% and interest to be paid one year after completion. The transaction is expected to be completed in the first quarter of next year.