Volvo's Sept. China sales more than double
Volvo Car Corp.'s China sales surged 111 percent in September year-on-year to 4,765 vehicles as the company attracted new customers with four new models.
The Swedish carmaker, which is owned by Zhejiang Geely Holding Group Co., has introduced the S60 and C30, as well as the redesigned XC60 and XC90.
In the first nine months of 2011, Volvo's China sales jumped 30 percent to 33,000 units.
Despite the sales growth, the Chinese market generates less than 10 percent of Volvo's global sales, which totaled 333,865 vehicles during the first nine months.
After acquiring Volvo from Ford Motor Co. in 2010, Geely President Li Shufu announced plans to expand Volvo's production in China.
In the southwest China city of Chengdu, Volvo is building a new plant which will open in 2013 with an initial output of 125,000 units a year. The automaker plans to build a second China plant in the northeast China city of Daqing.
The Volvo S40 and the stretched Volvo S80 are built at a plant operated by Changan Ford Mazda Automobile Co., Ford's joint venture with Changan and Mazda in the southwest China city of Chongqing.
