Is Volvo a Domestic Car?
1 Answers
Volvo is a domestic car. Volvo's passenger car business has been wholly acquired by Geely, so theoretically, it is a Chinese enterprise. Therefore, there is no need to establish joint ventures with domestic car brands in accordance with China's relevant laws and regulations. Instead, it can independently build factories in China to produce vehicles, just like a purely local Chinese automaker. Below is relevant information: 1. Unlike other purely local brands, Volvo is also a foreign brand with a significant portion of its business overseas. Before being acquired by Geely, its operations in China accounted for only a very small part of its market share, and its vehicle factories were all located outside China. After the acquisition by Geely, according to its post-transformation strategy, Volvo plans to vigorously develop the Chinese market, leveraging the enormous potential of China's market to aid the brand's revival. 2. Given that some of Volvo's high-end and non-volume models (such as the XC90, V90, and V60) in China are still sold as fully imported vehicles, to distinguish them from imported Volvos, Volvo must use a separate name for its domestically produced models (Volvo Asia Pacific). Some models produced in Volvo's Chinese factories also bear the responsibility of exporting to the entire Asia-Pacific region. Hence, the name "Volvo Asia Pacific," which essentially means "Volvo China," came into being.
