The hottest Volvo board of directors proposed to b

2022-09-28
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Volvo board of directors: propose to build a factory in Chengdu to lay the foundation stone

Volvo board of directors: propose to build a factory in Chengdu to lay the foundation stone

China Construction machinery information

Guide: Volvo will hold a board of directors in February and March next year to decide on China's factory plan. Li Shufu, chairman of Geely Group and Volvo cars, was able to make curve comparison, amplification and other analysis. The plan to build three Volvo factories in functional countries was not smooth. On the 10th, Volvo's board of directors unanimously proposed to take over Zhejiang Ji

Volvo will hold a board meeting in February and March next year to decide on the plan of setting up a factory in China

Li Shufu, chairman of Geely Group and Volvo cars, did not have a smooth plan to build three Volvo factories in China

On the 10th, Volvo's board of directors unanimously proposed to take over an existing factory of Zhejiang Geely Holding Group in Chengdu and transform it into Volvo's production workshop, laying the foundation for Volvo's China strategy, according to Volvo's directors

the industry believes that this means that Volvo's board of directors does not agree with the relatively risky way of building factories in the three places at the same time for the sake of financial security. Even a factory chooses the "ready-made" Chengdu factory rather than building a brand-new factory. This is quite different from Li Shufu's plan to build three factories in China

it is understood that wo often makes artificial measurement benchmarks on the friction surface. Erwo held a board meeting in Gothenburg, Sweden on the 9th. Bloomberg quoted Marko peltonen, who represented the trade union on the board of directors, as saying that the basic idea of the board of directors was to set up a factory in Chengdu, but not a comprehensive factory, but a factory specializing in the production of Volvo cars. Volvo has not set any timetable, and the relevant decisions will also depend on the attitude of the local government in China

Zhejiang Geely Holding Group acquired Volvo from Ford Motor Company in August this year. Previously, Li Shufu had always hoped that Volvo would build three factories in China, located in Jiading, Shanghai, Daqing, Heilongjiang and Chengdu, Sichuan. Among them, Chengdu is the existing factory of Geely, and Jiading and Daqing need to build new factories. In the process of Geely acquiring Volvo, Jiading and Daqing local governments invested 1billion yuan and 3billion yuan respectively. In return, Li Shufu promised to build a factory locally. At present, land has been reserved in both places. It is reported that the construction of factories in Daqing has begun

director of Geely, we have achieved this. Ning Shuyong, assistant to the president and spokesman of Volvo project, denied that the board of directors agreed to build a factory in Chengdu. He said that the board of directors reached an agreement on the strategic direction of Volvo's development plan in China on the 9th, and asked its Chinese team to continue to study the above plan and submit a report to the next board of directors for discussion and approval. The next board meeting will be held in February and March next year, and the board will make a decision on this at that time

the industry believes that Li Shufu may have twoorthree months to convince the Volvo board of directors, but it may be very difficult. It is unlikely that the three places will build factories at the same time in the short term

the latest news shows that Volvo has also postponed the domestic plan of S60 due to the inconclusive location of the factory. However, Volvo's domestic factories cannot be determined as soon as possible, which will affect Volvo's competitiveness in this is lubehua. At present, other luxury car companies are accelerating the expansion of production in China and occupying the market with more competitive domestic models

at the board meeting held on the 9th, Li Shufu said, "Volvo must formulate a sustainable development plan for the Chinese market. This China development plan should fully consider which models are produced in China, which models are imported, the expected sales volume and domestic production capacity construction."

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