Volvo Lastvagnar AB agreed to acquire Jiangling Heavy Duty Vehicle Co., Ltd. from Jiangling Motors Corporation, Ltd. (SZSE:000550) for approximately CNY 780 million on August 9, 2021. Volvo Lastvagnar AB signed equity transfer agreement to acquire Jiangling Heavy Duty Vehicle Co., Ltd. from Jiangling Motors Corporation, Ltd. (SZSE:000550) for approximately CNY 780 million on August 23, 2021.

Volvo Lastvagnar AB cancelled the acquisition of Jiangling Heavy Duty Vehicle Co., Ltd. from Jiangling Motors Corporation, Ltd. (SZSE:000550) on May 13, 2023.