China approves Volvo plant in Jiading

来源：百度文库编辑：神马文学网时间：2024/04/29 10:16:48

_{China approves Volvo plant in Jiading}

13:38, August 19, 2010

Email | Print | Subscribe | Comments | Forum

Increases the bookmark

twitter

facebook

digg

Google

Windowslive

Delicious

buzz

friendfeed

diigo

stumbleupon

China's National Development and Reform Commission (NDRC), the country's top economic planner, has approved Geely's plans to locate a Volvo production base in Jiading Industrial Zone in Shanghai, reported today's Oriental Morning Post.

The production base is expected to go online in the second half of 2012, according to the report.

Jiading District Government published an article on its Web site that the base, which will be used for the production of Volvo C30 and Volvo V70 luxury car models, will cover an area of 800,000 square meters and have a total annual production capacity of 300,000 units.

In addition, Volvo China headquarters, a research and development center and its procurement center will also settle in Jiading Industrial Zone, covering an area of 200,000 square meters. A Volvo Museum will also be built there.

On Aug. 2, Geely Holding Group completed acquisition of Volvo Car Corporation. The selection of a final location for Volvo's China plant has attracted great attention. The public had assumed Jiading, Chengdu and Daqing would be possible choices.

This year in February, Jiading Industrial Zone and Shanghai Jiading District State-owned Assets Management Co., Ltd. jointly established Shanghai Jiaerwo Investment Co. Jiaerwo signed an agreement with Geely, under which Jiaerwo gave Geely 1 billion yuan to acquire Volvo and is responsible for follow-up investment, such as plant construction.

By Huang Beibei, People's Daily Online
Related Reading

Geely drops MBH buy
Geely's acquisition of Volvo sets good example: Swedish expert
Acquisition of Volvo provides Geely with long term strategic benefits: U.S. experts
Auto industry ponders Volvo's future after Geely merger
China's Geely completes acquisition of Volvo
China's Geely completes Volvo acquisition; eyes restoring Volvo's glory
Geely may soon control London black cab maker
Geely gets govt nod for Volvo buy

China approves Volvo plant in Jiading Intel's 1st Asian chip plant starts operation in NE China Volvo appoints new China head China's Cabinet approves education reform plan IMF approves millions in needed aid for Nicar... Hotmail Blocked in China China in My Eyes Humanistic Psychology In China Humanistic Psychology In China Ground caves in in north China city Fire still burning at China chemical plant after blast kills three Major RSS Readers in China A Rescue in China, Uncensored Top Web Apps in China A Rescue in China, Uncensored Top Web Apps in China China disembarks in Latin America “Made in China”的电子产品 A Rescue in China, Uncensored Ten ancient villages in China Ten ancient villages in China China disembarks in Latin America China to drill more wells as drought persists//Automakers Geely, Ford may pen Volvo deal Sunday car plant