/ 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!

Vettel admits ‘struggling’ to beat Ricciardo
Vettel admits ‘struggling’ to beat RicciardoApr.19 (GMM/Inautonews.com) World champion Sebastian Vettel on Saturday admitted he needs to up his game. The German has won ...
Lauda denies 80hp advantage for Mercedes
Lauda denies 80hp advantage for MercedesApr.19 (GMM/Inautonews.com) Niki Lauda has rejected suggestions Renault is trailing the pace by a figure of 80 horse power. Red ...
Mercedes wanted three-race ban for Red Bull
Mercedes wanted three-race ban for Red BullApr.19 (GMM/Inautonews.com) Mercedes wanted reigning world champions Red Bull to serve a three-race ban for appealing against ...
‘Tactical’ rivals playing down chase – Rosberg
‘Tactical’ rivals playing down chase – RosbergApr.19 (GMM/Inautonews.com) Nico Rosberg is sure Red Bull is playing down its title chances for "tactical" reasons. Although ...
Lotus wants engine equality with Red Bull
Lotus wants engine equality with Red BullApr.19 (GMM/Inautonews.com) Lotus has discovered it is second or even third in line for the best service offered by F1 engine ...
Mattiacci plays down Alonso exit rumours
Mattiacci plays down Alonso exit rumoursApr.19 (GMM/Inautonews.com) Ferrari's new boss on Friday played down suggestions Fernando Alonso might be looking to leave the ...
Red Bull ‘surprised’ by Ricciardo pace
Red Bull ‘surprised’ by Ricciardo paceApr.19 (GMM/Inautonews.com) Daniel Ricciardo thinks he has shown he deserves his new seat at Red Bull. The Australian had ...
Engine makers get to work on louder F1
Engine makers get to work on louder F1Apr.19 (GMM/Inautonews.com) F1's engine manufacturers will focus their attention on the exhaust pipe as they work on spicing up ...
Rivals step up amid ‘tense’ Mercedes battle
Rivals step up amid ‘tense’ Mercedes battleApr.18 (GMM/Inautonews.com) Mercedes' rivals look closer to the pace this weekend in China. Back-to-back winner Lewis Hamilton ...
No customer teams in 2015 – Honda
No customer teams in 2015 – HondaApr.18 (GMM/Inautonews.com) Honda's F1 boss on Friday said the Japanese marque will not supply any customer teams when it ...
Tired Mattiacci says Ferrari not giving up
Tired Mattiacci says Ferrari not giving upApr.18 (GMM/Inautonews.com) Marco Mattiacci wore sunglasses all day in cloudy, smoggy Shanghai. "I have not slept in the last ...
2014 Top Marques Monaco lets us see some of the highlights
2014 Top Marques Monaco lets us see some of the highlightsThe show is a dedicated and very exclusive car show, and in 2014 enters its second decade of life. The 11th edition is also set ...
David Beckham ditches the Toyota Prius for this Jaguar F-Type
David Beckham ditches the Toyota Prius for this Jaguar F-TypeFamous former British football player David Beckham has been recently seen while getting into his brand new Jaguar F-Type. Last ...
Chrysler makes new owners go Easter egg hunting
Chrysler makes new owners go Easter egg huntingOn the latest models coming from the US automaker’s brands - Chrysler, Dodge and Jeep – the designers have purposely hidden ...
Ferrari 458 Spider completely ruined in Germany
Ferrari 458 Spider completely ruined in GermanyThe driver of a Ferrari 458 Spider has managed to total his ride in Germany after pushing the throttle too hard and losing ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

David Brown Automotive Speedback GT Top Marque Monaco 2014 00
david beckam jaguar f-type 1
200_easter_egg
ferrari-458-spider-crash munich 1
peugeot-dkr-china-1
Lamborghini Aventador Ad Personam 01
Koenigsegg-One-1 1
Australian Police gets Volvo S60 Polestar 1
peugeot-408-sedan-china-1
volkswagen new midsize concept 1
2015 honda hr-v 1
Volkswagen Golf SportWagen Concept NY 2014 02

More automotive from inautonews
The show is a dedicated and very exclusive car show, and in 2014 enters its second decade of life. The 11th edition is also set on smashing the record 33,000 visitors that attended in 2013 thanks to the Easter weekend. Among established luxury supercar manufacturers like Pagani, Mazzanti, Porsche, ...
read more
Inautonews Editors Section
Do you have £200,000? Then you can have the trip of a (hazardous) lifetime
Do you have £200,000? Then you can have the trip of a (hazardous) lifetimeAre you tired of the ever-boring home to work commute? Well, if you’re the adventurous type and can afford the paycheck, the world's most hazardous ...
Check out the everyday cars of St. Moritz – photo gallery
Check out the everyday cars of St. Moritz – photo gallerySt. Moritz is the oldest winter holiday destination in the world – and on the same time it is probably the most expensive ski resorts in the ...
Test Drive: Renault Captur 0.9 – TCe 90 – fast review
Test Drive: Renault Captur 0.9 – TCe 90 – fast review After we’ve tested almost all Renault Captur models, we decided to check out the 3-cylinder engine - 898 cc 66kw (90 hp) model. Why we’ve ...

Editors Section
Inautonews Editors Section
2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video] 2009 safest cars Euro NCAP

Latest in Safety US judge doesn’t order GM to park recalled carsThe federal District Judge Nelva Gonzales Ramos decided yesterday General Motors doesn’t need to ... GM says recalled cars safe, but hasn’t tested them for all situationsAlthough the automaker has not made tests for a single problem that is known to have the engine ...
Safety Section