Ningbo International Circuit Ningbo International Circuit The Ningbo International Circuit is a motorsport race circuit near the Chinese town of Ningbo. Ningbo International Speedway (宁波国际赛车场) is one of a crop of new tracks opening across China under the stewardship of auto maker Geely (owner of Volvo). Located near to the fast-growing Ningbo city in Zhejiang province, the circuit is one of five being built Geely subsidiary Mitime Investments, in order to develop car culture and motorsport in the region. The new track has been designed by Alan Wilson, well known for his works in the United States at the Utah Motorsports Campus (acquired
KION Group engineering company Voltas agreed to form a new joint venture, Voltas Materials Handling, comprising the two companies' material handling equipment operations in India. KION Group acquired Voltas' 34% shareholding in the venture in November 2012. In August 2012, the China-based Shandong Heavy Industry's Weichai Power subsidiary agreed to acquire a 25% stake in KION Group for €467 million, and a 70% majority stake in Kion's hydraulics business for €271 million. In February 2013 KION Group agreed to sell the product rights to the Linde brand's reach stacker, empty container handler and laden container handler product lines to the Finnish crane