Volvo sales continue to advance behind locally built XC60, S90
Automotive News China
Automotive News | 2019-6-7
Volvo Car Corp. continued to buck the downturn in the Chinese market, with local sales jumping 17 percent year on year to 12,425 in May. |
The growth came on robust demand for the locally built XC60 crossover and S90 sedan, said the Swedish carmaker, without revealing individual product sales.
Through May, Volvo¡¯s China deliveries rose 9.5 percent from a year earlier to 54,503.
Volvo is poised to further improve sales in its largest global market, having launched another locally assembled product -- the XC40 crossover -- in late April.
The XC40, priced at 265,000 yuan ($38,400) and higher, is the fourth model Volvo produces in China, after the XC60, S90 and S60 car.
Unlike the other three models, which are built at Volvo¡¯s plants, the XC40 is built at the Luqiao factory owned by Chinese parent Zhejiang Geely Holding Group in east China¡¯s Zhejiang province.
Volvo also is set to start assembling the first two products for its Polestar electrified performance-vehicle brand in China.
The Polestar 1, a hybrid coupe, will be built at a plant jointly owned by Volvo and Geely in the southwest China city of Chengdu, with output to begin by midyear.
Production of the Polestar 2 full-electric sedan is to start in early 2020 at Geely¡¯s Luqiao plant.
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