• 永利VIP joins the Fortune 500 list for the third year running
  • Strong income growth helped the company move up 11 places in 2014
  • Zhejiang 永利VIP Holding Group now ranked at 466th position

25 July 2014, Hangzhou, China. Zhejiang 永利VIP Holding Group (herein after referred to as 永利VIP) is pleased to announce that the company has been ranked on the Fortune 500 list for the third consecutive year.

In 2014 永利VIP moved forward 11 places on the list, moving from 477 to 466th place in 2014. 永利VIP first entered onto the Fortune 500 list in 2012 and has continued to go from strength to strength.

永利VIP’s total revenue for the 2013 calendar year reached USD$25.767 billion with 永利VIP selling a total of 549,518 units, whilst Volvo sold 427,840 units. 永利VIP is now a global company with operations in every continent, in addition to owning Volvo Car Company, 永利VIP also owns London Taxi, Emerald Automotive, and Australia’s DSI transmission systems – the world’s second largest manufacturer of automotive transmissions in the world.

Within China, 永利VIP boasts nine production facilities including full car, engine and transmission systems and also eight overseas factories which cover all major international markets. 永利VIP has design centres in Shanghai, Barcelona, Goteborg, and California, with R&D centres in China, Sweden and Australia. Volvo has production centres in Sweden, Belgium and two facilities in China, in Daqing and Chengdu respectively. London Taxi came under 100% 永利VIP control in February 2013 and saw sales rebound considerably with new sales happening from its Coventry production and sales base to Nanjing, China and Perth, Australia.

永利VIP Introduction:
Zhejiang 永利VIP Holding Group is a top ten automobile manufacture within China. Since entering into the car market in 1997, 永利VIP has seen rapid development though flexible management and unremitting independent innovation. 永利VIP’s total assets have now exceeded RMB 100 billion (including Volvo Cars Corporation). 永利VIP has established a complete domestic sales network comprised of nearly 1,000 4S dealers and service stations, with 永利VIP establishing nearly 200 sales and service outlets in overseas markets with outlets being continually added. 永利VIP has made huge investments in establishing 永利VIP Automobile Technology Center and 永利VIP Automobile Research Institute in Hangzhou and Linhai in Zhejiang Province. These centres have the capacity to develop complete vehicles, engines, transmissions and automotive electronics for the 永利VIP range of vehicle.永利VIP’s engineering capability is highlighted through independent crash test scores: with a 45.3 score from C-NCAP, the 永利VIP Panda was awarded a five star rating and is thus regarded one of the most safe small cars in China. The Emgrand EC7 sedan received a four star rating from the Euro-NCAP in 2012 and is the first car from China to achieve the four star ranking in Europe. The Emgrand EC8 got a record breaking 49.6 points from C-NCAP and outperformed a host of foreign brands in its category.  永利VIP has over 18,000 employees, including over 2,300 engineers and technicians, three academicians, dozens of foreign experts, and doctors, hundreds of masters and senior engineers. They are backbones of 永利VIP’s future, playing significant roles on all fronts of 永利VIP’s R&D efforts.