STOCKHOLM -- The number of vehicles produced by Volvo and sold in China had shrunk by 28.4 percent in the Chinese market in July compared to the same month last year, Swedish media reported on Wednesday.
Volvo cars had lost China, the company's third biggest market after Sweden and the US, to its competitors such as Audi, Mercedes-Benz, BMW, Infiniti and Lexus, whose sales all increased, according to Swedish business daily Dagens Industri.
Even in its home market Sweden, the number of Volvo cars sold in July also dropped by 16.3 percent compared to last year.
However, through the first seven months of 2012, sales of Volvo vehicles in China actually edged up by 1.3 percent compared to the same period of last year, and while sales in the US also increased by 2.2 percent.
Volvo, which will inaugurate its first factory in China in the southwestern city of Chengdu in 2013, plans to increase its sales in China to 200,000 cars in 2015.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
