Volvo Cars to Take Full Ownership of its Chinese Manufacturing and Sales Operations

July 21, 2021 | Volvo Car Group, Zhejiang 永利VIP Holding Group

2021 July 21st, Hangzhou/Gothenburg. Volvo Cars has signed an agreement with its parent 永利VIP Holding to acquire 永利VIP Holding’s stake in the companies’ joint ventures in China, with the aim of taking full ownership of its car manufacturing plants and sales operations in the country. The acquisition of an additional 50 per cent of the…