Home / Auto News / News article: Report: Geely Plans To Sell 150,000 Volvos In China By 2015 - AutoGuide.com News
 |  Jun 30 2010, 3:18 PM

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China’s Geely is planning on moving 150,000 Volvos in China by 2015, a prediction that could very well come true in the world’s largest car market.

According to reports, Geely will manufacture the Volvo XC60 and S60 in China by 2011, while discontinuing production the S40 compact sedan at its Chinese factories. Geely will establish an all-new plant to help meet its sales targets, but the company has yet to announce a location for the factory. Geely purchased Volvo for $1.8 billion in March, making it the largest automotive acquisition by a Chinese company.

[Source: Reuters]