Volvo Car Group will manufacture in China, Daqing plant operational in 2014
Chinese government authorities have approved Volvo Car Group’s (Volvo Cars) establishment of manufacturing plants in Daqing and Zhangjiakou. As a result, Volvo Cars’ full Chinese industrial footprint, including Chengdu, has been approved.
The plants in Daqing and Zhangjiakou will be operated in the form of two joint venture companies, in which Volvo Cars initially will hold 30 per cent. The remaining part will be held by companies within Geely Holding Group.
The Chengdu plant will be operated under an extension of an already existing production license held by a Geely Holding company. The manufacturing license for Chengdu was granted in June. The plants in China will be operated in full accordance with Volvo Cars manufacturing standards and procedures, equal to those of the company’s European plants.