Sheet Metal Stamping Simulation

The new China-based owners of Volvo plan to build as many as three assembly plants in that country to make the Swedish brand's vehicles—an ambitious gamble that the company can almost double sales globally by dramatically raising them in China.

Volvo's new production plan envisions making up to 300,000 vehicles a year in China, and selling all of them there. Volvo sold just 24,405 cars last year in China, where it has little brand presence in a highly competitive market.