The National Development and Reform Commission (NDRC) in China recently gave its approval to the establishment of a joint venture between the Volvo Group and Dongfeng Motor Group Company Limited.
Volvo Inks Strategic Alliance with Chinese Company Dongfeng Motor Group
AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited (DFG) to acquire 45 percent of a new subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV).