Volvo Car Corp.’s China sales keep forging head, jumping 25 percent for the second straight month in August behind demand for locally produced vehicles.
The Swedish carmaker delivered 14,212 vehicles in China last month. The surge was led by two locally produced models – the XC60 compact crossover and the S90 full-size sedan.
The locally assembled XC40, which went on sale in April, also helped boost results, Volvo said, without revealing sales of individual products.
In the first eight months, Volvo’s China deliveries rose 14 percent to 94,592.
China is now by far the largest market for Volvo and the company continues to build and source more vehicles locally.
Last month, Volvo opened a plant for its electrified performance-vehicle brand Polestar in the southwest China city of Chengdu.
The first product to be produced at the factory is the Polestar 1, a hybrid coupé.
The plant will build 500 Polestar 1s each year for China and other markets, with total output of 1,500 planned over the next three years.
A second product, the Polestar 2 electric midsize sedan, will go into production in early 2020 at Geely Automobile Holdings’ Luqiao factory in east China’s Zhejiang province.
Both Volvo and Geely Auto are owned by private Chinese company Zhejiang Geely Holding Group.
