Press Release
Date of issue   Apr 24, 2012 | ID: 43469

Volvo Car Corporation signs MoU on strategic partnership with China Development Bank Corporation

 

Volvo Car Corporation and China Development Bank Corporation today announced the signing of a Memorandum of Understanding (MoU) for a strategic partnership. Under the intent of the MoU, the parties will evaluate a possible cooperation related to China Development Bank's financing of certain Volvo Car Corporation research and development programs in the area of efficient energy technology, as well as production facilities in China.

 

The main purpose of the intended partnership between Volvo Car Corporation and China Development Bank is to safeguard Volvo's long-term competitiveness in the global automotive market and to further develop and intensify cooperation within the Sino-Swedish automotive industry.

 

Stefan Jacoby, CEO & President of Volvo Car Corporation, said: "I am very happy to announce the partnership with China Development Bank Corporation, as it will assist us in realizing our ambitious growth plans for the Chinese market and enhance our ability to develop clean, efficient driveline technologies."

Media Contacts

 

Per-Åke Fröberg

Director Volvo Cars Heritage

Volvo Car Group

 

Phone: +46 31 3257654

Mobile: +46 31 3257654

per-ake.froberg@volvocars.com

 

   
Related Images
ID: 43518

Volvo Car Group

PVH50, 50200

SE-405 31 Göteborg

Sweden

Phone: +46 31 59 65 25

Fax: +46 31 54 40 64

https://www.media.volvocars.com/

 

Registered Office
Göteborg, Sweden
Registration No.
556074-3089

Descriptions and facts in this press material relate to Volvo Car Group's international car range. Described features might be optional. Vehicle specifications may vary from one country to another and may be altered without prior notification.