EMERGING MARKETS ANALYSIS: Chinese CV maker goes global
Volvo's Chinese JV partner, China National, has announced plans to invest GBP1.37 bn in R&D over the next four years. Moreover, in order to mitigate the effect of overcrowding within the Chinese market - which has a current capacity surplus of around 350,000 units per year - CNHTC, already China's largest heavy truck exporter, is to establish a worldwide network of new plants, including facilities in South America, Russia and Eastern Europe.
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