In 2012, Geely purchased Volvo at a price of USD1.8 billion. Currently, Geely and Volvo are cooperating with each other in aspects like R & D, marketing and design.

Regarding export, Geely performed extremely well. In October, its global sales volume rose from 48,609 units to 55,785 units, with a YoY growth rate of 14.7%. Among them, export volume increased from 12,200 units to 14,282 units, up 17% year on year; while sales volume in China was 41,503 units, rising by 14% over 36,400 units in October of 2012. In addition, analysts predicted that Geely’s export business would be improved further driven by technology of Volvo.

Sales volume of Volvo in China and overseas market both increased dramaitcally. By the end of October, Volvo’s global sales had realized YoY growth for 4 consecutive months.