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Geely Sets Second Volvo China Plant
Published on: 2011-06-24
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BEIJING—Zhejiang Geely Holding Group Co. received approval from a Chinese ministry to put a second Volvo auto-manufacturing plant in China, this one in a remote northeastern city whose government helped finance Geely's purchase of the Swedish auto maker.

China's Ministry of Environmental Protection said it approved Volvo's proposal to build an assembly plant in Daqing, an oil-field city far from Volvo's other China operations. The city government provided what Geely executives have said was a "significant" portion of the $2.7 billion that Geely needed last year to acquire Volvo.

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