Carmaking unwiding: Geely may build as many as 3 Volvo plants in China
* Geely may build as many as three Volvo plants in China
* Final plan needs approval of Volvo board and Beijing (Adds Li's remarks on Volvo's China plants, background)
BEIJING, Sept 14 (Reuters) - Zhejiang Geely Holding Group, which last month completed its purchase of Volvo from Ford Motor Co (F.N), may build as many as three plants in China to make the Swedish brand, a Geely spokesman said on Tuesday.
If it goes ahead as expected, the plan would give Zhejiang Geely a combined capacity to make 300,000 Volvo cars in China per year, Ning Shuyong told Reuters in a telephone interview.
Possible locations of the three Volvo plants are the Jiading district on the outskirts of Shanghai, the southwestern city of Chengdu, and the northeastern city of Daqing, said Ning, adding that the final plan still needed the approval of Volvo's board and the Chinese government.
Li Shufu, chairman and founder of privately held Zhejiang Geely, also told reporters in Hong Kong he is in no hurry regarding the final decision for Volvo's China plants. |
