Volvo Car Corporation aims to increase its annual sales in China to more than 10,000 units within a decade, according to a report in the China Daily newspaper.
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However, the Ford-owned manufacturer also said it has no intention of manufacturing in China following the nation’s entry into the World Trade Organization (WTO).
The China Daily report quoted Ong Eng Seong, vice-president of Volvo Car Corporation’s China operation, in an interview with the newspaper.
Seong said the company sold around 2,000 cars in China last year, double the previous year’s total.
The report added that the average price of Volvo’s products in China, including the S80, S60 and C70, decreased by 10 per cent with the tariff cut last month.
In Asia, Volvo has two manufacturing plants in Malaysia and Thailand.
“The priority of Volvo’s strategy in China is to strengthen our sales channels and after-sales services,” Seong said in the interview.
