Shanghai. January 23 (Gasgoo.com) – Volvo sold 12,500 vehicles in Chinese market last year, up 73 percent from one year earlier, Chinese media reported.
Globally, Volvo sold 458,323 vehicles, up 7.1 percent from one year earlier. XC90, Volvo’s best selling model, sold 79,140 units globally last year.
Volvo also plans to locally produce S80 in China, but no timetable has been unveiled. Volvo S80 will compete with such premium models as Audi, BMW and Benz that have already started local production in China, the Beijing News report said.
Currently in Chinese market, imported Volvo S80 has five models based on different versions of engines and priced in a range between 498,000 yuan ($66,797) and 895,000 yuan ($120,000).
In 2007, Volvo sold 6,391 locally-made S40 vehicles in Chinese market. S40 is Volvo’s only car model that is locally produced in China.