Although it has been years since Chinese automakers such as Chery and BYD mulled their global expansion towards the US, no imports from the country have materialized yet. The situation could come to an end thanks to an unlikely player – Volvo.
Yes, the first automaker that could export Chinese-made vehicles to the United States might be a Swedish company. Well, technically, since it’s owned by Chinese conglomerate Geely – Volvo could as well be treated as a local carmaker. Which means the first Chinese automaker to export its domestic vehicles to the US would be Volvo. Talk about globalization…
Zhejiang Geely Holdings actually acquired the Volvo Car Group (not to be mistaken with the Volvo truck maker, an entirely different company now) back in 2010 from a US automaker – namely Ford.
The Swedish automaker now has two manufacturing facilities in the world’s largest auto market, China, with most of the output dedicated to fulfilling local demand – Volvo’s sales usually have double digit jumps there. Now, CEO and President Hakan Samuelsson mulls the export of at least one locally made vehicle in 2015. His best candidate? The Chinese-tailored S60L – the long-wheelbase version of the well-known S60 sedan. The popularity of such versions in places such as the US and Western Europe is the main reason.
by Aurel Niculescu
) - Wednesday, August 27th, 2014 - filed under Industry
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