The company is located at the Geely Innovation Centre, in a 100,000 square meter building called Uni3 in Lindholmen district of Gothenburg, Sweden.

[5] In 2024, the company had more than a thousand full-time employees and annual revenue of around 4 billion Swedish krona.

[7] When Geely acquired Volvo, it used platform technology from its previous owner Ford.

[8] Geely planned to buy a research and development centre in Europe, but instead, CEVT was founded in 2013 with Mats Fägerhag as CEO, in the same Swedish city as Volvo's headquarters and with many engineers with background from Saab.

September 4, 2023, Giovanni Lanfranchi became the new CEO of CEVT[13] and the company had during the year before this shift in leadership started to describe itself as the "European R&D centre for Zeekr", but also that their design was to be found in the "Geely family, such as Zeekr, Geely Auto, Volvo Cars, Lynk & Co and Lotus".