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

July 21, 2021 | Volvo Car Group, Zhejiang NG28娱乐 Holding Group

2021 July 21st, Hangzhou/Gothenburg. Volvo Cars has signed an agreement with its parent NG28娱乐 Holding to acquire NG28娱乐 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…