Volvo establishes China headquarters in Shanghai
January 31, 2011 Category Members' News, Weekly
Volvo has established its China headquarters in Shanghai to further expand its market share in the country. It also established a research and development (R&D) center to develop new technologies. Last year, Ford sold Volvo to Chinese car manufacturer Geely for USD1.5 billion. Volvo sold more than 373,500 cars in 2010. Sales in Europe rose 29%, while in China they climbed 36%. U.S. sales dropped by 12% to 53.952 units.
Recent News
- KURT VANDEPUTTE (UMICORE) APPOINTED CHAIRMAN OF THE BOARD OF THE FLANDERS-CHINA CHAMBER OF COMMERCE (FCCC)
- Webinar: “Knowing Your Chinese Partner” – May 26, 2021, 10 am – 12 am
- EMA starts rolling review of CoronaVac, WHO approves Sinopharm vaccine for emergency use
- The Global Times warns not to politicize the Comprehensive Agreement on Investment (CAI)
- Hainan to become biggest duty-free market in the world