On Wednesday, China’s Zhejiang Geely Holding Group said its Volvo Cars is exploring capital market options including a potential initial public offering.

Earlier this year in February, Geely’s Hong Kong-listed unit Geely Automobile and Volvo Cars scrapped their full merger plan.

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Tags: capital market, China, Chinese, Initial public offering, IPO, Volvo Cars, Zhejiang Geely Holding Group