Advertisement

Volvo to launch two new auto plants in China

Author thumbnail
Volvo to launch two new auto plants in China

Auto maker Volvo, the Swedish subsidiary of Chinese-based Geely Group, said on Friday it had received the green light from Beijing to build a second and third plant in China.

Advertisement

An engine plant in the north Chinese city of Zhangjiakou will become operational during the autumn of this year, while an assembly plant in northeast China's Daqing city will be fully operational in 2014, the company said in a statement.

Both companies are joint ventures, in which Volvo holds 30 percent and companies under the Geely Group hold the rest, the company said. The statement did not provide a figure for the size of the investment.

IN PICTURES: Take a look at some classic Volvo cars through the ages

Volvo has made China a priority, as it struggles with a European car market in crisis and remains a marginal brand even in the United States, its biggest national market.

Volvo, which has an existing plant in the southwest Chinese city of Chengdu, was bought in 2010 by Geely, whose brands - Geely, Gleagle, Emgrand and Englon - are virtually unknown in the West.

AFP/The Local/og

Follow The Local on Twitter

More

Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also