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Recently, the reporter learned from the Zhangjiakou City Park Office that the joint venture project of Geely Group and Volvo Investment Corporation has been approved by the National Development and Reform Commission. Among them, the production of this project's engine will be located in Zhangjiakou City, with an annual production capacity of 325,000 units.
It is reported that the National Development and Reform Commission approved last month a joint venture of Zhejiang Geely Holding Group Co., Ltd., Shanghai Geely Zhaoyuan International Investment Co., Ltd. and Volvo Cars (China) Investment Co., Ltd. to build a project for the entire vehicle, engine and R&D center. Among them, the vehicle construction site is located in Daqing City, Heilongjiang Province, and the products are Volvo branded sedans and sports passenger cars, Geely Group's own-brand passenger cars, and the construction scale is 80,000 vehicles per year; the construction site of the engine project is mine. City, the project products for the Volvo development of 1.3-liter, 2.0-liter and 2.5-liter series of turbocharged engines, the construction scale of an annual output of 325,000 units; R & D center construction site in Shanghai Jiading District.
According to the person in charge of Zhangjiakou Volvo Automobile Engine Manufacturing Co., Ltd., which is under construction, the engine plant that will soon be settled in the city is the only engine plant in the world except Sweden, and there is no third company. The plant complies with Volvo's global uniform quality standards in terms of technology. In the future, all relevant indicators such as R&D and production are the same as those of the Swedish factory. "Our engines have higher performance than most products in the same industry," the person in charge said.