No question that Volvo Cars is making more money now than under prior ownership. I think there's still some question if Geely has a brilliant overall plan or is just trying lots of stuff to see what works.

There's Polestar, which is headquartered essentially next to Volvo Cars HQ and sells fairly similar vehicles. Although, Volvo Cars recently announced they were going to stop funding (and actually sell a ton of shares in) Polestar: https://www.reuters.com/business/autos-transportation/volvo-...

Geely owns Lotus now and plans to make EVs that are completely different from previous Lotus cars, but investors don't seem confident about that play: https://www.carscoops.com/2024/03/lotus-shares-tumble-40-sin...

Then there's Zeekr and Lync & Co: https://electrek.co/2024/04/19/zeekr-unveils-deluxe-mpv-marb... https://www.autoevolution.com/news/lynk-co-07-emp-sedan-is-a...

Oh and there's Proton too, also owned by Geely: https://technode.global/2024/02/22/malaysias-national-car-pr...

And that's not even all of Geely's brands ... so the big question is does Geely have a coherent plan with all this? Or will these various brands eventually need to be consolidated? Maybe Volvo Cars absorbs all of the surviving Geely brands one day?