BEIJING – Volvo plans to produce three new models in China, including the XC60 and an MPV at Daqing plant and a flagship sedan at Chengdu plant, in order to further expand its market share in the country, according to Internet Info Agency.
The XC60 has appeared in the Catalogue of Motor Vehicle Manufacturers and Their Products released by the Ministry of Industry and Information Technology (MIIT). With the same dimension and wheelbase as the imported XC60, the locally produced one, which will be powered by a 2.0T engine, is expected to debut at Auto Guangzhou 2014 to be held in November this year.
Volvo has already produced the S60L at its Chengdu plant and the XC Classic at its Daqing plant.
The flagship sedan of Volvo based on the SPA platform will be manufactured at the Chengdu plant in the upcoming 2-3 years and compete with Mercedes-Benz S-Class, BMW 7-Series and Audi A8, according to Li Shufu, chairman of Geely.
The Chengdu plant will be capable of producing 100,000 vehicles per year in 2020. Output capacity of the Daqing plant is 80,000 vehicles in the first phase and will reach 300,000 in the second phase. Volvo’s engine plant in Zhangjiakou, Hebei Province will supply engines and components for its locally produced models.
Volvo sold 61,146 vehicles in 2013, up 46 percent from the previous year. The company’s target is selling 80,000 vehicles this year and 200,000 in 2020.