Date
18 October 2017

China adds Volvo Car to procurement list, WSJ says

China has added Volvo Car Corp. to the government’s vehicle procurement list, the Wall Street Journal reported on Wednesday. The brand was added in September, and the access has led to some sales, company spokesman Michael Ning said, without giving figures. Owned by Zhejiang Geely Holding Group Co. Ltd., Sweden-based Volvo is a small player in China’s luxury-car market, in which BMW A.G., Volkswagen A.G.’s  Audi and  Daimler A.G.’s Mercedes-Benz account for more than 70 percent of sales, according to the newspaper. Volvo has sold sold 48,000 cars in China this year, up 42 percent from the whole of 2012 and close to the company’s 2013 target of 50,000 units, the report said.

– Contact HKEJ at digest@ejinsight.com

CG

 

EJI Weekly Newsletter

Please click here to unsubscribe