Volvo CE Finalizes SDLG Divestment, Ending 19-Year Partnership with Chinese Machine Maker

Volvo Construction Equipment has officially ended its 19-year partnership with SDLG, noting it has finalized selling its 70 percent stake back to Lingong Group for SEK 8 billion. The move marks a major shift in Volvo CE’s China strategy, narrowing its focus to premium Volvo-branded equipment while giving SDLG full control of its own future. … Continue reading Volvo CE Finalizes SDLG Divestment, Ending 19-Year Partnership with Chinese Machine Maker