On April 24, 2012, Chinese Premier Wen Jiabao visited the headquarters of Volvo Cars Corporation in Gothenburg. Wen, accompanied by senior executives of the corporation, watched a car crash test and visited a new car show and the final assembly line at the Gothenburg plant, where he spoke with a number of employees.
In his impromptu speech, Wen said this is his second visit to Volvo Cars Corporation after a lapse of 24 years. He was impressed by Volvo's advanced technology and great vitality. He hailed the combination of Geely and Volvo as an "example of success" for cooperation between the two nations' enterprises, which has become a much-told tale in friendly exchanges between both peoples. Wen said such cooperation was conducted on the basis of mutual benefit, adding that it was cooperation not only in capital, but also in technology, management and market, and was sincere people-to-people communication and exchanges as well. The premier urged the two carmakers to rely on advanced technology, operation and management to further promote a more fruitful cooperation and help to deepen China-Sweden trade ties by upholding the spirit of mutual understanding, tolerance and support.
Volvo Group, founded in 1924, is one of the world's 20 major automobile companies. Zhejiang Geely Holding Group Co., Ltd. completed the acquisition of Volvo Car Corporation in 2010, and since then has turned it around, which was welcomed and praised by the Swedish side.