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, Daimler And Traton Agree On JV Charging Network for Europe 2021-12-27
- China Premier: VOLVO Trucks To-Be-Locally-Produced Flagship Model FH 2021-11-09
- 30 Days Countdown to CIIE, Volvo Group Announces Participation in the Expo 2021-10-11
- Volvo Trucks Acquires Heavy-duty Truck Manufacturing Operation in China 2021-08-24
- ZF Attends 2021 Volvo Auto Asia-Pacific Science Day on Sustainable Development 2021-07-23
- Volvo Trucks and DFDS Cooperate to Run Electric Supply Chain Transports 2021-06-07
- Volvo Posted Unexpected Profit in Q2 2020-07-24
- Volvo, Daimler to Form a Joint Venture for Large-scale Production of Fuel Cells 2020-04-24
- Volvo Trucks in North America Demonstrate Electric Heavy Duty Trucks 2020-02-13
- Volvo Develops Heavy-duty Electric Concept Trucks 2019-12-11
Submit Your Requirements, We Are Always At Your Service.
- BYD Stopped the Production of Fuel Vehicles
- Geely Began Test Runs of Green E-methanol Vehicles in Danmark
- 2022 SANY Global Dealer Summit Was Held Successfully Online
- BYD and Shell Partner on EV Charging across China and Europe
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021
- Scania Year-end Report January-December 2021
- Hyundai Motor and Iveco Group Sign MOU to Explore Future Collaboration
- GAUSSIN Enters China, the Largest Truck Market in the World
- Over 1,200 Hydrogen-powered Vehicles Deployed for the Beijing Winter Olympics
- Chinese New Year Holiday Closure Notice
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
- China's Truck Exports Grew by 30% YOY to 63490 Units in January-February
- China's New Energy Heavy Trucks Grew Despite an Overall Slump
- Heavy-duty Truck sales in China Fell by 54% to 54,000 units in February
- SINOTRUK Achieves Sales of 27,725 Vehicles in January, 2022
- China’s Domestic Tractor Sales Exceed 40,000 Units in January
- 2021 JAC International Pickup Export Performance
- JAC Achieved a Great Result in 2021
- China's Truck Export in 2021 Reached a 10-year Peak
- Heavy-duty Truck Sales in China Fall 57 Percent on Year in January
- China Recorded Sales of 645000 Tractors in 2021