Gasgoo.com (Shanghai September 19) - The now Chinese-controlled luxury brand Volvo showed off two new vehicles at the Chengdu Motor Show yesterday, wccdaily.com.cn reported. Volvo's Senior Vice President and Chairman of China Operations Shen Hui was among those in attendance, where he stated that Chengdu was on the heels of Beijing, Shanghai and Guangzhou to become the country's next large automobile market. If everything goes well, he said, Volvo's new production site in Chengdu would begin production in 2013, where its first vehicle would be something "that has definitely never been seen before in the country."

Rumors regarding the location of Volvo's new Chinese factory began surfacing as early as February this year. According to an announcement from President and CEO Stefan Jacoby, the new site will boast a production capability of 100,000 units and cover the western and central areas of China.

At the Chengdu Show, Volvo introduced the T5 variants of the XC60 and S60 (pictured). The vehicles look to be priced in the 400,000 to 500,000 yuan range ($63,567-$78,821). This year marks Volvo's second appearance at Chengdu. "This is the first time that Volvo has participated [in the show] as an independent automobile company," Mr. Shen stated.

Source:gasgoo