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Volvo officially announced the official appointment of Mr. Chin Peggy as president of Volvo Automotive Greater China sales company. At the end of his term of office, Mr. Chen Lizhe, the current president, will be transferred to general manager of Volvo Motor China Taiwan. The appointment will take effect on July 1, 2019.

Mr. Chin Peggy has more than 20 years of experience in the automotive industry and officially joined Volvo Automotive Greater China sales Company in 2011. Mr. Chin Peiji will officially take over the post of President of Volvo Greater China sales Company from July 1, 2019, and continue to lead the team to promote the development and development of Volvo's business in China.

During Chen Lizhe's tenure, Volvo car sales have been effectively improved. Volvo's official sales figures show that from January to May this year, the Volvo brand sold a total of 54503 vehicles in the Chinese market, up 9.5 per cent from a year earlier. Among them, monthly sales in May reached 12425, an increase of 17.4% over the same period last year, in sharp contrast to the overall sales trend of the Chinese auto market.

Among Volvo's many models, Volvo XC60 sold 5485 vehicles, up 47% from a year earlier, while sales of the luxury flagship seven-seat SUV Volvo XC90 reached 1517, up 54% from a year earlier, while the luxury sedan S90 sold 3681 vehicles, up 37% from a year earlier.

However, in the development of Volvo in Greater China, there are still some problems that need to be solved, such as the relatively thin product line, less influence in the models of Chinese luxury brands, and the large discounts of the main sales models such as S90 and XC60 in the end market, which narrow the profit space of dealers.

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