Geely, the new owners of Volvo, have big plans for the Swedish car brand. In fact, they have the kind of plans that could lead to an increased production volume that could invariably lead to a bigger global presence.
According to Reuters, Geely is ambitiously looking at reaching the 150,000 annual sales unit plateau in the coming years. Not surprising in the least bit considering that the Chinese automakers just invested millions in Volvo with the hope of revitalizing the Swedish car brand.
Known for its impeccable track record of being one of the safest cars on the planet, Volvo has a few models on the pipeline that are slated for releases in the coming months, including the XC60 SUV as well as the S60 sedan. Geely expects both cars to do better than expected and is already seeking to ramp up production volume by opening a new Volvo production facility in China. There’s no word yet on where this new facility is going to be built, but word has it that both Beijin and Ningbo have emerged as front-runners on where the new facility is going to set up shop.
After purchasing Volvo from Ford, you can pretty much expect that Geely will take full advantage of tapping into its home market of China, which is fast becoming one of the largest auto markets in the entire world. That advantage in itself will go a long way in reaching that 150,000 mark Geely has set for Volvo by 2015.