Volvo Trucks discontinues the acquisition of heavy-duty truck manufacturing operation in China

Volvo Trucks will continue to export trucks to customers in China.

Autocar Pro News Desk By Autocar Pro News Desk calendar 12 May 2023 Views icon4111 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Volvo Trucks discontinues the acquisition of heavy-duty truck manufacturing operation in China

Volvo Trucks and Jiangling Motors Co. will not pursue the previously announced transaction involving the acquisition of JMC Heavy Duty Vehicle Co. and its manufacturing site in Taiyuan, Shanxi province, China. 

The two parties will not pursue the transaction due to that the conditions for closing the transaction were not met. Volvo Trucks will continue to export trucks to customers in China.

“Volvo Trucks has a long history of successful business activities in China. We have great opportunities in the Chinese market and we will continue the efforts to develop our presence. Our long-term ambition is to grow our business and continue delivering our high-quality trucks to customers in China, together with our dealer partners in the country,” says Roger Alm, President Volvo Trucks.

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