The Swedish-Chinese concern Volvo plans to expand its production to meet the demand for its new model Volvo XC40. At the moment, the car is produced only in Europe, at the plant Belgium and in China, in Hunan Province. However, this is not enough, Volvo XC40 has already been recognized as the car of the year in Europe, and Russia has just started accepting orders for a novelty. At the moment, the company has received more than 80,000 pre-orders for a new crossover. The price of the Volvo XC40 starts from 35 thousand dollars.
Over the past week, Volvo shares rose 1.6% and will continue their growth based on the news. Trading will be available during the European session from 07:15 to 15:30 GMT.
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