Volvo Group Presented Its Innovative Transport and Infrastructure Solutions at the 3rd China International Import Expo (CIIE) The 3rd China International Import Expo (CIIE) officially opened on November 5th. During CIIE 2020, Volvo Group presented its innovative transport and infrastructure solutions. Volvo Construction Equipment (Volvo CE), a business area of Volvo Group, has reached multiple customer cooperation agreements on site, which fully demonstrates that Volvo Group will continue to deepen its business development in China and share a prosperous future with win-win outcome with its partners.Ms. Jun Ma, President of Volvo (China) Investment Co., LTD., said, ” This year Volvo Group participated in CIIE under the theme “Moving toward a prosperous future, together.”, implying Volvo Group’s vision of long-term development in China. Over the past three decades, Volvo Group has been firmly committed to investing in the Chinese market, working with its local partners with a multi-brand strategy and a diverse products portfolio to contribute to the prosperity and development of China’s economy and society.”New ExperienceOn November 7th, Volvo Group carried out a live streaming activity during CIIE 2020. Four employees from different business areas and departments of Volvo Group took the role of anchors and showed audience around the booth. They introduced the highlights of the booth comprehensively and interacted with the executives of Volvo Group and its business areas.New ThemeThe theme of “Moving toward a prosperous future, together.” at CIIE 2020 reflects Volvo Group’s vision to meet the growing needs of Chinese customers with the multi-brand strategy and technological innovation, and to work with all parties towards a bright future. As an example of Volvo Group continuing to invest in China and expanding its business in Chinese market, Volvo Financial Services and Volvo CE, moved their Asia headquarters to China. It optimizes the allocation of global resources, elevates the headquarters’ position and realizes the restart of win-win development.New Technology, New ConceptsAt CIIE 2020, Volvo Group, along with its business areas, have released and exhibited various products for the first time.Volvo CE unveiled its first mid-size electric excavator concept, EX03 and its first electric customer pilot, EC55; it showcased the model of Electric Site for the first time in China simultaneously. Volvo CE strives to explore the new development path of electromobility, automation and connectivity in the construction equipment industry.At the same time, Volvo Financial Services has brought the flexible and innovative Pay As You Use solution and the VFS innovation lab: iLab to create value for customers. In the future, Volvo Group will keep a close grasp on the Chinese market and introduce more innovative transport and infrastructure solutions to serve the Chinese market together with its business areas.
Mid-size electric excavator concept EX03New DevelopmentVolvo Group has been working together with local Chinese customers and partners and actively engaged in “the Belt and Road Initiative”, “New Infrastructure”, “Poverty Alleviation” and other nationwide development strategies. At CIIE 2020, Volvo CE has conducted several signing ceremonies with multiple key customers across different industries, including mining, infrastructure construction, ports and other fields.In the future, Volvo Group will continue to integrate the innovation advantages of Volvo CE, Volvo Trucks, Volvo Penta, Volvo Buses, Volvo Financial Services and other business areas.At the same time, Volvo Group will take root in China and take a global perspective, build and consolidate the interconnected partnership between China and the rest of the world with its trade advantage of being a multinational company, and look forward to a win-win and sustainable future with all parties of society.