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Volvo Cars acquires control of China joint ventures

Volvo Cars has acquired control of its China joint ventures for SEK2.2 billion, according to a company news release. Volvo Cars now owns 50 percent of its China joint ventures alongside Geely Holdings. These joint ventures include car manufacturing facilities in Chengdu, Sichuan Province and Daqing, Heilongjiang Province, engine manufacturing

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Volvo receives government approval to manufacture in China

The Chinese government approves Volvo’s establishment of vehicle assembly plants in Daqing and Zhangjiakou, China. The factory in Daqing, in western Heilongjiang province, is under construction and early prototypes are to be built there later this year for training purposes. The facility is scheduled to be fully operational in 2014.

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Volvo Daqing plant receives approval to produce XC60

DAQING, Heilongjiang – Volvo Car Corp., the Swedish luxury carmaker which was acquired by China’s Zhejiang Geely Holding Group Corp. last August, has received relevant government approval in establishing its manufacturing plant in Daqing, northeastern China’s Heilongjiang Province, local media reported on June 22. With total injection of ¥4.58 billion

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