With new China plant in Chengdu, Volvo hopes to hit 2020 sales goal early

Chinese-owned Swedish automaker Volvo Car expects to be selling 200,000 cars a year in China by 2018, a senior executive said, two years ahead of its latest target and as a new assembly plant gears up for full production later this year.

The sales target is part of Volvo’s plans announced two years ago following its acquisition by Zhejiang Geely Holding Group – plans that see China’s growing appetite for premium cars helping more than double Volvo’s annual global sales to 800,000 cars by 2020, from 373,000 sold in 2010.

via Business feed http://www.scmp.com/business/companies/article/1253105/new-china-plant-chengdu-volvo-hopes-hit-2020-sales-goal-early