BEIJING – Swedish car maker Volvo Car announced on February 25 its China development strategy in the next five years, with an aggressive growth plan to boost annual sales to 200,000 cars in China by 2015 and take 20 percent of the premium-car segment, according to the company press conference held in the capital city of China. Volvo Car, which was acquired by Zhejiang Geely last August, will build a new plant in Chengdu, Sichuan Province, pending approval of Chinese authorities, and ...

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