BEIJING: Volvo Car Group, the Swedish luxury carmaker owned by Zhejiang Geely Holding Group Co, said it expects China to surpass the United States as its largest market this year.
Volvo Cars will probably outpace the estimated 20% growth in China’s luxury car sales this year and deliver at least 80,000 vehicles in the country, according to a statement by the carmaker. The company will also make the XC Classic, a China variant of the XC90 that will cease production in Sweden this year, at its plant in Daqing.
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