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Leif Johansson, President of Volvo Group, announced at the Capital Markets Conference on June 21 that the Volvo Group will continue to develop and expand in Asia, especially in China and Eastern Europe. He said that currently Volvo’s main markets are the Americas and Europe, while Asia’s markets in Japan, South Korea and China all have great potential. At present, China’s market sales are still virgin lands. The president pointed out that the reason why Volvo Trucks did not occupy the market in China is that Volvo Trucks is currently too advanced for the Chinese market, but with the development of the Chinese market, the demand for Volvo trucks will certainly increase. The Volvo Group has already taken the initiative in the Chinese market through the purchase of Nissan Diesel, which controls China Dongfeng Motor Manufacturing. Volvo will start nine different cooperation projects with Nissan Diesel and China Dongfeng.