China Grants Volvo Full Rights to Build Cars Locally

If you want to build cars – or anything else, for that matter, in China, there are two basic requirements: a) you need a joint venture with a local partner and b) receive approval from the Chinese government.

Volvo is already owned by a Chinese company, and in particular, Geely Automobile Holdings Ltd., so all it needed to build vehicles in China was clearance from government authorities.

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