Volvo China sales soar 61% in May on strong XC60 crossover demand
Volvo Car Corp.'s sales in China jumped 61 percent year-on-year in May to 7,104 units as demand for the XC60 crossover and the "stretched" S60L sedan remained strong.
For the first five months, deliveries increased 35 percent to 30,972 units, in line with the Swedish automaker's annual sales target of 80,000 units.
Volvo expects China to surpass the United States as its largest market this year.
Volvo, which is owned by Zhejiang Geely Holding Group Co., has enjoyed strong sales since it began producing vehicles in China.
The company's plant in Chengdu started making the S60L late last year and Volvo's factory in Daqing plans to produce the XC Classic, a China variant of the XC90 that will cease production in Sweden this year.
Volvo also is working with Geely to develop a platform for small cars that will be marketed in three to four years.
Volvo expects China to surpass the United States as its largest market this year.
Volvo, which is owned by Zhejiang Geely Holding Group Co., has enjoyed strong sales since it began producing vehicles in China.
The company's plant in Chengdu started making the S60L late last year and Volvo's factory in Daqing plans to produce the XC Classic, a China variant of the XC90 that will cease production in Sweden this year.
Volvo also is working with Geely to develop a platform for small cars that will be marketed in three to four years.
