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Volvo finalizes Chinese order for 700 buses

Stockholm, Jan 3. (AP): Swedish truck and bus maker Volvo AB said on Wednesday it had finalized an order for 700 city buses from Shanghai, China. The value of the deal was not disclosed. Volvo said, the order is part of a framework agreement that its Joint Venture company Sunwin Bus signed with The Shanghai Bashi Industrial Co. Ltd. in 2005. Under that deal, Sunwin Bus agreed to deliver 2,000 buses of which 1,300 have already been delivered.

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Shanghai Sunwin Bus Corporation (SUNWIN) is a Joint Venture invested by Shanghai Auto-motive Industry (Group) Corp. (SAIC), Volvo (China) Investment Corp. (VIC) and Volvo Bus Corp. (VBC) . With the total investment of 97 Million USD and registered capital of 54.22 Million USD,the Chinese side owns 50% and the Swedish side owns 50%. The registered address of Sunwin is 18 GuangZhong Rd. Shanghai,China.

Sunwin has more than 1, 200 employees now, among which over 190 are engineers and technicians. With the plant area of 140,000 square meters including a construction area of over 60,000 square meters, Sunwin has the annual production capacity of 2,500 city buses and com-muter buses, and 500 chassis.

Taking Volvo's core values of "Quality, Safety and Care for Environment" and SAIC's core values of "Satisfaction from customer, Advantage through Innovation, Internationalization in Operating and Concentration on People", and following up the managing concept of " Customer focused and creating value for society, Continuous improvement high efficiency, Honesty and a reliable partner", we establish and perfect Sunwin's R&D, Production and Quality Control systems as well as Sales and Aftermarket Service systems. The mission of Sunwin is to provide the market with our "high quality, safe and environment-friendly products together with customer-oriented service". By creating value for our customers, we create value for our shareholders, employees and society.

Shanghai is the most active and energetic place in China. Gothenburg, the location of Volvo, and Shanghai are twin cities now. With the friendship between the two cities and people, with the strength of Volvo and the unremitting efforts of Sunwin staffs, this brand-new enterprise will realize its great vision.

The vision of Sunwin is to be valued as China's leading provider of bus manufacturing and service as well as public transport solution, and to become one of the best enterprises in Volvo Bus Group.


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