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Volvo Sales Figures – China Market

Monthly and Yearly Sales Figures for Volvo in China

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Volvo Sales Data, Trends & Analysis for the Chinese Automotive Market

China auto sales statistics for Volvo only include the models that are locally produced in China through the Changan-Volvo Joint Venture with local manufacturing partner Changan Auto and through its own Volvo Asia Pacific factories from its owner Geely, and excludes import models. Car sales statistics from China only include domestic production and exclude imported models.

Volvo China Sales Figures & Recent Highlights

In 2010, Zhejiang Geely Holding Group, a leading Chinese automaker, acquired Volvo Cars from Ford Motor Company. This acquisition marked one of the most significant purchases of a foreign carmaker by a Chinese company. Under Geely’s ownership, Volvo received substantial investments, leading to the development of new models and technologies.

After the acquisition, Volvo expanded its manufacturing presence in China. The company established plants in cities like Chengdu, Daqing, and Zhangjiakou. Volvo also set up an R&D center in Shanghai, emphasizing the importance of the Chinese market and tailoring its vehicles to meet local preferences and requirements.

Volvo’s product lineup in China is quite extensive, covering various segments from sedans like the S60 and S90 to SUVs such as the XC40, XC60, and XC90. The brand has adapted certain models specifically for the Chinese market, including offering long-wheelbase versions of some sedans, catering to local preferences for increased rear-seat legroom. Consistent with global trends and the Chinese government’s push for greener transportation, Volvo has been aggressive in its plans for electrification in China. The company announced that it aims to have fully electric cars make up half of its sales in China by 2025.

Volvo has seen significant growth in the Chinese market, thanks in part to Geely’s local expertise and the resources provided post-acquisition. The brand’s emphasis on safety, quality, and Scandinavian design has resonated with the growing Chinese middle class and luxury car buyers.

Volvo Annual Sales, Growth and Market Share in China

Below we have a table that shows total Volvo sales volumes for the Chinese automotive market, broken out by year. This data captures all Volvo vehicle sales for the entire Chinese automotive market.

Year Sales YOY Change Marketshare Marketshare Change
2006 3,324 0.00 0.08 0.00
2007 6,391 92.27 0.13 34.83
2008 5,666 -11.34 0.11 -17.02
2009 14,496 155.84 0.18 41.45
2010 17,090 17.89 0.17 -11.21
2011 14,884 -12.91 0.13 -24.17
2012 7,453 -49.93 0.06 -112.95
2013 3,735 -49.89 0.03 -140.62
2014 11,259 201.45 0.07 62.52
2015 39,609 251.80 0.21 67.52
2016 40,342 1.85 0.18 -16.50
2017 63,431 57.23 0.28 33.55
2018 88,248 39.12 0.40 30.74
2019 116,486 32.00 0.58 30.78
2020 122,004 4.74 0.65 11.72
2021 112,892 -7.47 0.56 -16.92
2022 145,294 28.70 0.70 20.51

Volvo Chinese Annual Sales Units & Growth Chart

Below is a visual representation of Volvo China sales units over time. We have both the Volvo sales units and the market share in the Chinese market. Click on the items in the legend to see each series by itself.

Volvo China Growth Rate & Market Share Chart

Below is the annual growth rate for the Volvo brand in China, shown against the Volvo’s marketshare changes in China. This gives you a good look into how Volvo has faired against the other brands in terms of absolute sales and effect on marketshare. Click on the items in the legend to see each series by itself.

The Best-Selling Volvo Cars & SUVs in China