The Swedish premium vehicle brand Volvo AB, on Wednesday announced that will sell the upcoming V60 model in China as an imported vehicle, the Beijing Times reports.
The official announcement was made Richard Snijders, CEO and executive officer of Volvo China at the Guangzhou International Motor Show, Auto Guangzhou 2011, currently going on this week.
The automaker expects to sell between 48,000 and 50,000 cars in China this year, added Snijders, up from just over 30,000 units last year.
However, it is not clear for how long Volvo will import vehicles in China, as the parent Geely Automobile Holdings is waiting for Chinese government approval to build two car plants in the country in the city of Chengdu in the southwest and the other in Daqing in the northeast.
“The first locally produced model, a medium-sized sedan, will be launched in 2013, followed bya small sedan in 2014,” said Shen Hui, senior vice-president of Volvo and chairman of VolvoCars China Operations.
The second generation S60 began production in Ghent, Belgium on May 17, 2010, with an expected annual production of 90,000 vehicles.
The engine range of the S60 and V60 comprises four petrol engines and three diesels. The engines available are the T3, T4, T5 and T6 petrol engines and D3, D5 and 1.6D DRIVe diesel engines, the latter of which has Stop Start Technology to increase the efficiency of the engine.
Geely, parent of Geely Automobile Holdings, took over Volvo from Ford Motor in August 2010, marking China’s largest overseas auto acquisition.
China, the world’s largest automobile market, is likely to see car demand grow between 3 and 10 percent in 2012, compared with about 5-6 percent expected for this year and down from 33 percent in 2010.