Geely strong 2017 sales, Geely Auto Group has subsequently set its 2018 sales volume target to 1.58 million units including the sales volume target for Lynk & Co-branded vehicles: Lynk & Co 01 and Lynk & Co 02. Geely Auto Group has four independent design centres in Shanghai, Gothenburg, Barcelona and California as well as four R&D centres in Hangzhou, Ningbo, Coventry, and Gothenburg capable of independently researching and producing full car parts, engines, transmissions and electrical systems. In Gothenburg, the group has established CEVT, a joint research and development centre between Volvo Cars and Geely Auto to create an industry
Volkswagen Group China launched and the Chinese name was announced. Octavia, the first Shanghai Volkswagen Škoda model, hit the market on 6 June 2007. Following Octavia's success, Shanghai Volkswagen launched Fabia in 2008 and Superb in 2009. Established in February 1991, FAW-Volkswagen Automotive Company (FAW-VW) is a large-scale carmaker jointly funded by China FAW Group subsidiary First Automobile Works, Volkswagen AG, Audi AG and Volkswagen (China) Investment Co., Ltd. It was the first modern car industrial base constructed with an economy of scale in China. With its development over the years, FAW-Volkswagen is producing thousands of vehicles on a daily basis. FAW-Volkswagen manufactures