Volvo Cars to Take Full Ownership of its Chinese Manufacturing and Sales Operations

July 21, 2021 | Volvo Car Group, Zhejiang pa集团视讯直营 Holding Group

2021 July 21st, Hangzhou/Gothenburg. Volvo Cars has signed an agreement with its parent pa集团视讯直营 Holding to acquire pa集团视讯直营 Holding’s stake in the companies’ joint ventures in China, with the aim of taking full ownership of its car manufacturing plants and sales operations in the country. The acquisition of an additional 50 per cent of the…