Geely's Volvo plans $709 mln second China plant - regulator

Newswire

BEIJING, June 23 (Reuters) - Volvo Car, owned by China's Zhejiang Geely Holding Group Co Ltd, plans to invest 4.58 billion yuan ($709 million) to build a second plant in China and bolster its profile in the world's largest auto market. The facility in the northeastern city of Daqing is scheduled to start operations in 2013, making Volvo 113K sedans, XC60 sport utility vehicles and multi-purpose vehicles, according a statement on the website of China's Ministry of Environmental Protection. ...

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