Swedish automobile manufacturer Volvo Car Group has obtained approval of the Chinese government authorities for the establishment of manufacturing plants in Daqing and Zhangjiakou.
The company has started the construction of an assembly plant located in Daqing, which is expected to commence production of the pre-series cars during late 2013 and would be fully operational in 2014.
Volvo's engine plant in Zhangjiakou will become operational during the autumn of 2013 and will manufacture engines for the company's manufacturing plant in Chengdu, which is scheduled to start operations in the fourth quarter of 2013.
Both the plants will be operated in form of two joint venture companies, in which the company will hold 30% share, while the remaining stake will be held by companies within Chinese Geely Holding Group.
The company plans to operate the Chengdu plant under an extension of the current production license held by a Geely Holding company that was granted in June 2013.
