Volvo Cars has been in operation independently in China for more than 8 years, with complete Strategy Planning, Marketing and Sales Distribution, Design, R&D, Purchasing and Manufacturing Footprint. In the future, it will continue to innovate and develop from vehicle development and industrialization to more diversified business models, together with a healthier and more sustainable portfolio strategy.
Volvo is highly favored by consumers in various of market segments with its distinguished Scandinavian design, leading safety technology, eco-friendly material craftsmanship and advanced technologies. Volvo's various models are leading the industry in terms of power, safety and health, which offers the consumers a unique driving experience.
In the first half of 2018, Volvo sold 317,639 vehicles worldwide, an increase of 14.4% year-on-year. As the largest single market in Volvo, China's is outstanding, with the sales of 61,480 units, an increase of 18.4%, clearly outperforming the overall luxury car market, and its market share has steadily increased. Volvo Car's sales target for 2020 is 800,000 vehicles worldwide, of which China contributes 200,000.
This event will be the theme of technology innovation, and we would like to bridge a number of high-quality and cutting-edge technology suppliers with Volvo, to establish a good relationship and explore opportunities for further closer cooperation to improve the development efficiency and quality with cost.
Volvo Asia Pacific R&D, Purchasing, Consumer and Enterprise Digital etc
Smart Cockpit & Autonomous Driving & Intelligent Transportation