Volvo China volume rises 39% in March on strong XC60 demand
Volvo Car Corp. says China sales in March jumped 39 percent year-on-year to 7,043 vehicles on strong demand for the XC60 compact crossover.
The Swedish carmaker said the XC60 was its top seller last month in China, with volume surging 67 percent to 3,179 units. The XC60 was followed by the S60L sedan and the V40 hatchback.
Volvo also sells the S80 and V60 in China.
In the first three months of 2014, Volvo's sales in China are up 25 percent to 17,286 units.
In 2010, Volvo was acquired by private Chinese automaker Zhejiang Geely Holding Group Co. from Ford Motor Co.
Volvo's sales in China have risen rapidly, now that the automaker is producing vehicles in the country.
In November, Volvo launched production of the S60 at its Chengdu plant, which it leases from Geely. Volvo's joint venture with Geely also is building a plant in Daqing.
Volvo is counting on a rapid expansion in China to help it roughly double global sales to 800,000 by 2020.
Volvo also sells the S80 and V60 in China.
In the first three months of 2014, Volvo's sales in China are up 25 percent to 17,286 units.
In 2010, Volvo was acquired by private Chinese automaker Zhejiang Geely Holding Group Co. from Ford Motor Co.
Volvo's sales in China have risen rapidly, now that the automaker is producing vehicles in the country.
In November, Volvo launched production of the S60 at its Chengdu plant, which it leases from Geely. Volvo's joint venture with Geely also is building a plant in Daqing.
Volvo is counting on a rapid expansion in China to help it roughly double global sales to 800,000 by 2020.
