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There is also a Volvo Baltic Race and Volvo Pacific Race, and Volvo likes to encourage its image by sponsoring golf tournaments all over the world including major championship events called the Volvo Masters and Volvo China Open. Volvo sponsored the Volvo Ocean Race, the world's leading round-the-world yacht race for the first time in 2001–02 ...
Li founded Geely in November 1986; it is now the second-largest private automobile manufacturer in China. [4] On 28 March 2010, Geely signed a deal worth US$1.8 billion to buy Swedish automobile manufacturer Volvo Cars from American automobile manufacturer Ford Motor Company. [5] It was the largest foreign purchase by a Chinese car manufacturer.
China: 2013–present [16] First Volvo Car plant in China [16] Manufacturing: S60, XC60, EX90, EX30: Worldwide Daqing Plant Daqing Volvo Car Manufacturing (DVCM) LVY: P: Daqing, China: 2014–present: Debut model: Volvo XC90 Classic: Manufacturing: S90, S90L: Worldwide Commenced S90 exports to Europe via rail network (2017) [17]
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In 1984, Japan's vehicle exports to China increased sevenfold (from 10,800 to 85,000), and by mid-1985, China had become Japan's second biggest export market after the U.S. [41] The country spent some $3 billion to import more than 350,000 vehicles (including 106,000 cars and 111,000 trucks) in 1985 alone.
Shares in Volvo Cars tumbled as much as 13% Friday to hit a record low after its biggest shareholder Geely sold part of its stake at a discount to the market value.
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Gigafactory Shanghai (currently the only fully foreign owned car manufacturer in mainland China) BMW. BMW China (joint-venture with Brilliance Auto Group, a majority 75% stake was acquired by BMW in 2022) (Defunct) Zinoro (2013–2020) Volkswagen. Volkswagen Anhui (joint-venture with JAC, a majority 78.52% stake was acquired by Volkswagen in ...