Volvo and Geely to deepen cooperation in the transfer of production lines to share a small car facto dxperience

Geely and Volvo cooperation transfer production line sharing small car factory Tencent Automobile News Beijing on November 3rd news, according to foreign media reports, the Swedish carmaker Volvo is expected to announce its parent company Zhejiang Geely Holding Group Company Limited Chinese late on Wednesday a series of initiatives to deepen cooperation, to create a brand can make China. According to the market observation website reported that Volvo CEO Samuelsson (Hakan Hakan · Samuelsson) and Geely chairman Li Shufu (click to view the latest news figures) proposed, the two companies will start producing cars in a joint venture assembly plant in Zhejiang in eastern Taizhou province. Familiar with Volvo insiders said, "we are committed to China into Volvo’s global manufacturing and export (Shu Niu)… We will be the first time the specific car production line from Sweden to Chinese." He added, "we will put China’s manufacturing and exports in the center of our industry strategy, and deepen cooperation with Geely’s industry." Because the relevant plan has not been disclosed, so the insiders do not want to show identity. According to reports, the Taizhou factory of the Volvo business is expected to put into operation in the quarter, the factory will be the two companies in Sweden jointly developed the "advanced (Advanced)" model structure, the main production of compact cars. Volvo and Geely are expected to produce small cars based on the compact modular structure (CMA) platform at the Taizhou plant for both domestic and international markets. It is reported that Volvo began to export its cars in China last year, and S60 Inscription in the U.S. market. The company is expected to be updated on its recently launched large limousine S90, including updates and improvements to the S90 Excellence model. Volvo will produce an improved version of the S90 sedan in its assembly plant in Daqing, Northeast China, to sell to China and abroad. The Taizhou plant will be Volvo’s third assembly plant in China, with the other two in Daqing and Chengdu. There are two factories in Europe and the new plant in South carolina. Sales rose six years ago, Geely to $1 billion 800 million acquisition of Volvo from Ford, which prompted the entire automotive industry. After the combination of high quality Western brands and Chinese brands, they rarely see any obvious synergies. However, the combination of these two brands still play a role. In the purchase of spare parts, the development of technology and improve production capacity, sales of two brands are on the rise. Volvo third quarter sales growth in China and the United States are more than 15, from July to September operating profit increased by 62% to SEK 2 billion 70 million (about $232 million 500 thousand). Geely sales of more than 1 million vehicles last year, an increase of 22%, sales in the first 9 months of this year has reached nearly 460 thousand. Responsible for consulting and research IHS Markit Automotive Asia Pacific CEO James Chao, "from a cost savings point of view, the production line from the.相关的主题文章: