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Volvo Cars resumes limited production at one China plant By Reuters

by Index Investing News
September 9, 2022
in Financial
Reading Time: 1 min read
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© Reuters. FILE PHOTO: A Pure Electric sign is seen above a Volvo vehicle displayed during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song

STOCKHOLM (Reuters) – Volvo Cars said on Friday limited production had resumed on Tuesday at its auto plant in the Chinese city of Chengdu.

The carmaker, which is Stockholm-listed albeit majority owned by Chinese automotive group Geely Holding, had temporarily closed the plant on Sept. 1 due to local coronavirus restrictions.

“Volvo Cars is now operating a single daily shift at the (Chengdu) plant and will continue to evaluate the situation on an ongoing basis,” a Volvo Cars spokesperson said.

The spokesperson said the company’s plant in Daqing remained temporarily closed due to the lockdown in the city.



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