Volvo Cars breaks ground on 4th phase of Asia-Pacific headquarters

Published: Feb 22, 2024 17:39
Source: gasgoo
On February 21, Volvo Cars held the foundation-laying ceremony for the fourth phase of its Asia-Pacific headquarters in Shanghai, according to a post on Volvo Car Group's WeChat account.

Shanghai (Gasgoo)- On February 21, Volvo Cars held the foundation-laying ceremony for the fourth phase of its Asia-Pacific headquarters in Shanghai, according to a post on Volvo Car Group's WeChat account.

The Asia-Pacific headquarters campus of Volvo Cars was put into operation since 2019, covering a total land area of approximately 200,000 square meters. Key structures within the campus include the Asia-Pacific headquarters building, design center, and R&D center. The ongoing fourth phase of development serves as a progressive extension of the campus, maintaining the distinctive Scandinavian design style. This expansion aims to empower Volvo Cars in the Chinese market by establishing the China Battery Center and Training Center, contributing to the brand's continuous development, electrification transition, and talent ecosystem construction in China.

The ongoing expansion of Volvo Cars' Asia-Pacific headquarters signifies a strategic move towards a more integrated value chain. This development not only showcases Volvo's systematic approach to construction but also plays a vital role in sustaining the brand's growth in China and globally, said Volvo Cars.

At the core of the fourth phase lies the Battery Center, a vital project for Volvo Cars' Asia-Pacific headquarters. As part of Volvo's comprehensive efforts in electric vehicle technology, this center aims to provide crucial technical support for the electrification transformation through cutting-edge battery, electric motor, and electronic control technologies. The upcoming Volvo Cars China Battery Center will cover the entire battery value chain, from after-sales maintenance to material recycling, enhancing Volvo's battery services throughout the product lifecycle. Additionally, the Battery Center is poised to address supply pressures on limited minerals and rare metals, strengthening Volvo's commitment to sustainable and resilient supply chain management in the pure electric vehicle era.

Another cornerstone of the fourth phase is the Volvo Cars China Training Center. Recognizing the pivotal role of talent development in the electrification transition, this center serves as a crucial guarantee for Volvo's development strategy in China. The new training center focuses on enhancing the capabilities of both employees and dealers, creating an immersive and sustainable creative space. Through forums, workshops, and seminars, Volvo aims to foster a comprehensive talent pool across the value chain, covering design, R&D, sales, and after-sales services.

In the fiercely competitive landscape of the Chinese new energy vehicle market, Volvo Cars understands the need for continuous enhancement of corporate capabilities and business partner skills in the electrification process, said the automaker. The new training center will leverage innovative training methods and advanced facilities to intensify training in areas such as product knowledge, electrification, and new energy vehicle maintenance, reinforcing the brand's marketing and technical talent cultivation and retention.

Notably, Volvo Cars' Asia-Pacific headquarters has been powered by 100% clean energy since January 1, 2022. To further expand its clean energy generation capacity, the rooftops of the China Battery Center will be equipped with solar photovoltaic panels. 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Volvo Became Lynk & Co's Exclusive EV Dealer in Europe
2 hours ago
Volvo Became Lynk & Co's Exclusive EV Dealer in Europe
Read More
Volvo Became Lynk & Co's Exclusive EV Dealer in Europe
Volvo Became Lynk & Co's Exclusive EV Dealer in Europe
[Volvo Cars to Exclusively Sell Lynk & Co EVs in Europe] On March 30, Volvo Cars announced that it had signed a memorandum of understanding with Geely Automobile to become the exclusive importer and dealer of EVs under Geely’s Lynk & Co brand in the European market. Volvo Cars said: “The company plans to sell Lynk & Co car models through Volvo Cars’ retail network and use its sales and after-sales system in relevant markets.”
2 hours ago
Hyundai Accelerated Its Electric Vehicle Expansion in China Under U.S. Tariff Pressure
2 hours ago
Hyundai Accelerated Its Electric Vehicle Expansion in China Under U.S. Tariff Pressure
Read More
Hyundai Accelerated Its Electric Vehicle Expansion in China Under U.S. Tariff Pressure
Hyundai Accelerated Its Electric Vehicle Expansion in China Under U.S. Tariff Pressure
[Hyundai Motor Steps Up Its EV Push in China Amid US Tariff Pressure] South Korea’s Hyundai Motor is intensifying its EV strategy in China, setting an aggressive target of selling more than 40,000 NEVs this year in a bid to reduce its reliance on the US market as US tariff pressure continues to mount. According to industry sources, Hyundai Motor plans to raise NEV production at its joint venture Beijing Hyundai to 41,500 units in 2026, up more than 33-fold YoY; by then, the share of new energy car models in total production will surge from just 0.6% last year to about 20%. Hyundai Motor has also set its total sales target in China for this year, including exports, at 218,000 units, up 10.8% from 2025.
2 hours ago
Toyota Motor’s Global Sales Fell 2.3% YoY in February
2 hours ago
Toyota Motor’s Global Sales Fell 2.3% YoY in February
Read More
Toyota Motor’s Global Sales Fell 2.3% YoY in February
Toyota Motor’s Global Sales Fell 2.3% YoY in February
[Toyota Motor’s Global Sales Fell 2.3% in February] Toyota Motor announced on March 30 that its global sales in February (including the Lexus brand and subsidiaries Daihatsu Motor and Hino Motors) fell 2.3% YoY to 806,905 units. Among them, February sales of the Toyota and Lexus brands declined 3.3% to 737,134 units; domestic sales in Japan fell 8.3% to 122,264 units, while sales outside China declined 2.2% to 614,870 units.
2 hours ago