Volvo sales advance 14% in March
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Volvo Car Co.'s deliveries in China rose nearly 14 percent to 7,542 vehicles in March, led by strong demand for the locally produced XC60 crossover and the S60L sedan.
 
In the first three months, the Swedish automaker's sales in China advanced 13 percent to 19,636 vehicles.
 
It has been an encouraging start of the year for Volvo, which has enjoyed rising sales since it began producing vehicles in two Chinese assembly plants.
 
China is Volvo's biggest market, and the company hopes to boost annual sales to 200,000 or so "in the medium term." Last year, the company's China sales stayed virtually flat at 81,588 vehicles.
 
After Zhejiang Geely Holding Group Co. acquired Volvo from Ford in 2010, Volvo launched production in two Chinese plants located in Daqing and Chengdu.
 
Volvo and Geely also jointly developed a new platform -- scalable product architecture -- which is yielding new models for both companies.
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