Volvo Buses and China's SAIC Motors have formed a joint venture for driveline systems for hybrid and electric buses.
The new company, to be known as Shanghai Green Bus Drive System Co, will be 60% owned by SAIC and 40% by Volvo, and be based in Shanghai – where Volvo and SAIC have been operating the Sunwin Bus joint venture, one of the largest city bus manufacturers in China.
Accelerating the development of the new energy vehicle industry is a top priority for the Chinese government, which wants to develop a sustainable automotive industry.
Shanghai Green Bus Drive System Co will act as the carrier for new energy bus industrialisation, concentrating on assembling new energy driveline systems and complete vehicles.
