/ News, Volvo / Volvo to Get China Approval to Manufacture Cars Here

Volvo to Get China Approval to Manufacture Cars Here

Linked In Share
Volvo to Get China Approval to Manufacture Cars Here

Volvo got China’s approval to begin manufacturing vehicles in this market, according to an anonymous source.

Recently, the National Development and Reform Commission approved Volvo’s production plan, but a final approval from the State Council is needed, although, according to the source, the chances of rejection are almost inexistent. Geely Chairman Li Shufu has been breathlessly waiting for this approval as he vowed to have an edge in China when he purchased Volvo in 2010. Unfortunately the government subjected Volvo to the same regulatory procedures applied for all foreign car makers.

This approval will offer Li’s Geely the possibility to manufacture cheaper Volvo vehicles, as the cars manufactured in China are not subject to the country’s 25% import duty, as long as foreign automakers work with Chinese companies in producing vehicles.

During the first two months of the year, Volvo sold 8,719 vehicles in China, up 31%, making the country its second largest market after the US, surpassing Sweden. In China, Volvo offers seven models with prices varying between 249,900 yuan ($40,200) for the C30 and 661,000 yuan for the C70 sedan. Volvo said it also plans to open its first manufacturing facility inChengdu, China.

by Ana Cezara Savin (my Google+) - Tuesday, March 19th, 2013 - filed under News, Volvo. Image credit: .
Linked In Share
Related Articles
china approval produce cars Volvo


Discuss: Volvo to Get China Approval to Manufacture Cars Here

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Renault’s F1 engine project ‘for sale’ – report
Renault’s F1 engine project ‘for sale’ – reportJun.24 (GMM/Inautonews.com) The rumours surrounding troubled engine supplier Renault continue to swirl. The French marque had a ...
[VIDEO] How to pick up girls in a Lamborghini without talking
[VIDEO] How to pick up girls in a Lamborghini without talkingA video uploaded onto the web has become viral as it is showing a young guy in a Lamborghini picking up girls without even ...
Deadmau5 buys McLaren 650S
Deadmau5 buys McLaren 650SFamous Canadian music producer Deadmau5 has bought a brand new McLaren 650S after selling his modified Ferrari 458. When it ...
Hipster item of the day: Alfa Romeo electric guitar
Hipster item of the day: Alfa Romeo electric guitarHave you been waiting for many years to finally see the rebirth of the Italian sports car brand? Well, if you did and you’re a ...
US: fuel prices on the rise on Iraqi turmoil
US: fuel prices on the rise on Iraqi turmoilThe worldwide petrol markets have been deeply ruffled by the latest turn of events in Iraq, one of the bigger members in the OPEC ...
Newly created Fiat Chrysler Automobiles discloses firs board members
Newly created Fiat Chrysler Automobiles discloses firs board membersThanks to a filling from the Turin Companies Register in Italy, an Italian chamber of commerce regulatory division, we have now ...
New Mercedes-Benz C-Class starts production in the U.S.
New Mercedes-Benz C-Class starts production in the U.S.The new generation of the Mercedes-Benz C-Class has started its production in the United States, at the Tuscaloosa facility, in ...
[VIDEO] Next-gen BMW 7-Series spied on the Ring once more
[VIDEO] Next-gen BMW 7-Series spied on the Ring once moreThe next generation of the BMW 7-Series has been recently spied on the famous German track, the Nurburgring, where it was being ...
Volkswagen Beetle Dune Concept gets new images
Volkswagen Beetle Dune Concept gets new imagesA new photo gallery with the Volkswagen Beetle Dune Concept has been released by the German based automaker. Originally unveiled ...
US: buyers also push for better mileage
US: buyers also push for better mileageAlthough new federal emission laws seem to be the driving factor for the continued improvement in the new car fuel economy ...
Abandoned Ferrari Enzo spotted in China
Abandoned Ferrari Enzo spotted in ChinaAn abandoned unit of the very rare and very expensive Ferrari Enzo has been recently spotted out in China, where it was quietly ...
Recall roundup: Holden VF Commodore and WN Caprice in Australia
Recall roundup: Holden VF Commodore and WN Caprice in AustraliaThe Australian based automaker Holden has recently announced a second recall for the VF Commodore and WN Caprice, on its local ...
US: elections for UAW are now based on neutrality
US: elections for UAW are now based on neutralityAmerica’s auto union, the UAW, has been heavily basing its wins lately on an old labor movement system – neutrality ...
[VIDEO] See an orange McLaren 650S Spider in action on the track
[VIDEO] See an orange McLaren 650S Spider in action on the trackAn orange example of the brand new McLaren 650S Spider has been recently seen in action, on the track, in the Netherlands. If ...
New Mustang adds airbag safety innovation
New Mustang adds airbag safety innovationWith GM’s recalls of defective ignition switches that rendered airbags useless and Takata's global recall involving major ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Volkswagen Beetle Dune Concept 1
abandoned ferrari enzo china 1
bmw m4 coupe crash 1
2015 chevrolet cruze interior 1
2015 GMC Sierra Denali 1
opel astra gtc 1.6 cdti 1
bmw m2 coupe render 1
Ferrari 458 Speciale gets crashed in Sicily 1
Porsche Compact Hatchback 1
Hyundai Tucson The Walking Dead Edition 1
2015 volkswagen passat 1
2014 Mercedes-Benz C-Class Estate AMG Line 1

More automotive from inautonews
A video uploaded onto the web has become viral as it is showing a young guy in a Lamborghini picking up girls without even talking. Those of you who see picking up girls as a sport will be jealous on the guy in the video posted below as he doesn’t even speak and females enter his ride. And ...
read more
Inautonews Editors Section
Car investment – which are the next classics?
Car investment – which are the next classics?Some prefer the stock exchange, others buy gold and some invest in properties, but there is a small group of people who prefer to try their luck with ...
Where brand new cars go to die
Where brand new cars go to dieHundreds of millions of brand new cars are left to rust in huge parking lots all over the globe after no one wants to buy them. The 2014 world ...
Trendy cars for this summer
Trendy cars for this summerSummer is just around the corner and the inautonews.com team is presenting you with some of the hottest convertibles money can buy these ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety New Mustang adds airbag safety innovationWith GM’s recalls of defective ignition switches that rendered airbags useless and Takata's ... Takata airbag recall tally still growingThe Japanese corporation, the second in the world when it comes to safety systems can add another 3 ...
Safety Section