Automotive industry in China fastest growing automotive groups in the world, Geely is known for their ownership of Swedish luxury car brand, Volvo. In China, their passenger car brands include Geely Auto, Volvo Cars, and Lynk & Co. Great Wall, the eighth biggest manufacturer in 2017 and the largest manufacturer of SUVs. Great Wall sells vehicles under the brands of Haval and WEY. Brilliance Auto, is a Chinese state-owned automobile manufacturer based in Shenyang. They were the ninth biggest manufacturer in 2017. They have a foreign joint venture with BMW and also sells passenger vehicles under their own brand Brilliance. Chery, a Chinese state-owned
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