Article about Volvo

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Cars Volvo Published by J. Doe

Volvo Car Group takes ownership of Luqiao plant from Geely Holding

Volvo Car Group has reached an agreement with its parent Geely Holding to acquire full ownership of the Luqiao manufacturing operations in China, consolidating the plant within the company’s own assets.

Following previous agreements between the two parties, this transfer means that within the next two years, Volvo Cars will fully own all plants producing its cars. The plant’s manufacturing capacity will be fully available to Volvo Car Group, further strengthening the company’s position in China, its largest market.

Original article

Oct 20, 2021 at 09:12