Volvo Group Upbeat on Chinese Market
Volvo Group is upbeat about the Chinese market and prepared to seize new opportunities with partners as the market changes, according to senior management from the international manufacturer.
"There has been a lot of development in China and the changing market has brought new opportunities for Volvo Group," Claes Svedberg, president with Volvo (China) Investment, told Xinhua.
"For example, we have seen Volvo truck business in China moving from being very specialized in the construction area to mainly selling normal heavy trucks for e-commerce."
Claes is impressed by the speed of China's changes. "It's not only about infrastructure like roads and high-speed railways, but also the commerce structure. Chinese entrepreneurs also go into new things very fast."
The Sweden-based company officially entered the growing market in 1992 by setting up an office in Beijing. After 26 years of development, China has become its second market as well as the first foreign market with the presence of all the company's businesses ranging from trucks, buses, construction equipment, marine engine to financial services.
China's opening-up is a positive thing, Claes said, adding that it was rewarding to develop business in China.
Claes expects the strong revenue growth in the Chinese market to continue in the future. "I'm very positive on the Chinese market and the opportunities for us."
"The Chinese are willing to spend on new technologies, thus bringing up many interesting new businesses such as bicycle-sharing. China has a very interesting future ahead," he said.
Niklas Gustafsson, Volvo Group's chief sustainability officer, believes that China will also see a sustainable future and the country has much potential for improving efficiency of its transport sector.
A report from Volvo Group shows that China will face huge transport pressure in the future as the country's urbanization continues to expand, bringing challenges like congestion, road safety, energy consumption and air pollution.
The solutions the company has been trying to offer are autonomous, electric, connected vehicles that improve efficiency and safety. Autonomous driving technologies have been applied in trucks as well as buses. The company has piloted the ElectriCity program in Gothenburg, which includes a bus-line run by electric and hybrid buses with less noise and zero gas emission.
Niklas pointed out that such technologies were not hard to apply, while the most important thing was that all stakeholders could coordinate their efforts to make it happen.
"This can be working in different partnerships in other cultures in the world, such as in China, and Volvo Group is willing and able to be the chosen partner," Niklas said.
- Volvo Develops Heavy-duty Electric Concept Trucks 2019-12-11
- Volvo Truck Delivers the 1,500th Truck to ZTO Express 2019-11-20
- Volvo Officials Visit Dongfeng Commercial Vehicle 2019-03-27
- First Electric Volvo Trucks Delivered to Customers 2019-02-27
- Volvo's Driverless Trucks Begin Working at a mine in Norway 2018-11-29
- Volvo FH Celebrates Its 25th Anniversary and Delivers the Millionth 2018-11-02
- Eicher Volvo JV to Set up Rs 400 cr Truck Plant in Bhopal, India 2018-10-09
- IAA 2018: Volvo Trucks Makes Entry into Electromobility Solutions 2018-09-21
- Truck Makers Step Closer in Adopting Electric Commercial Vehicles 2018-09-12
- Volvo Pushes Forward With Electric Trucks 2018-06-22
Submit Your Requirements, We Are Always At Your Service.
- The Third China Heavy-duty Truck Bo’ao Forum Held in Hainan
- BYD Rolls Off Its New Energy Sanitation Vehicles in Changsha
- SHACMAN Industrial Park Starts Operation
- JAC and Huawei Signed a Comprehensive Cooperation Framework Agreement
- Dongfeng Commercial Vehicle Attends 2019 China Int'l Heavy-duty Truck Fair
- BYD, Anheuser-busch and Nikola Completes First Zero-emission Beer Delivery
- China's Heavy-duty Truck Sales Continue to Climb in November
- XCMG Signed a Strategic Cooperation Agreement with China Unicom on 5G
- Heavy-duty Trucks Sales Expected to Exceed One Million Units Annually
- FAW Jiefang’s New Production Base Starts Construction in Liuzhou
C&C Trucks Co., Ltd.
C&C Trucks Co , Ltd (C&C Trucks), located in Sanshan Economic Development Zone, Wuhu, Anhui Province, a holding company under China International Marine Containers (Group) Co , Ltd (CIMC), is a large heavy truck enterprise integrating the research and development, production
- Heavy Truck Sales in China Hit New Annual High in 2019
- China Sold 518,700 Units Tractors in November
- China Sold 102,000 Units Heavy-duty Trucks in November
- Dongfeng Medium and Heavy Truck Sales Reached 17,456 Units in November
- China Sold 357,000 Units Commercial Vehicles in October
- Sales of Pickups in Beijing Soared by 539% from January to September
- DFAC Jan-Oct Sales Reached 130,000 Units
- China Oct Heavy Truck Sales Reached 90,000 Units
- China Sold 302,000 Units Trucks in September
- Foton Sold 1,809 Units Heavy-duty Trucks in September