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China poised to build its first car in Western Europe

China may be poised to build its first car in Western Europe, with the help of Sweden’s Volvo.
The iconic brand that was taken over by Chinese billionaire Li Shufu, would offer its factory in Gent, Belgium, to build an upscale brand for the tycoon, the Swedish company’s chief executive Hakan Samuelsson said. The Swedish carmaker may also extend its Europe infrastructure -- service and other logistics -- to the brand.
Li’s Zhejiang Geely started selling its upmarket compact SUV in China about two months ago under the Lynk & Co brand for a base price of 158,800 yuan (£17,578). Volvo Cars could consider offering the factory to build the model if and when the Chinese company wants to expand to Europe, Samuelsson said in an interview in Hong Kong Wednesday.

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