Chinese auto manufacturer Zhejiang Geely Holding Group (0175.HK) is prepared to provide an additional US$900 million operating capital to revive Volvo following the Swedish carmarker’s US$1.8 billion acquisition, reported state media. "We should not only inject money into Volvo, but also endeavor to improve Volvo’s profit-making capability," said Geely chairman Li Shufu on Tuesday. However, Li also made it clear that Volvo would remain an independent unit and said, "Geely is Geely, while Volvo is Volvo. Geely will not produce Volvo, and Volvo will not produce Geely." Li cited Volvo’s lack of production scale and high R&D expenses as causes of the company’s ailments.