Volvo China appoints new chairman, Hu Yanhang takes over.

According to Tianyancha, a business information platform, Volvo Cars (China) Investment Co., Ltd. recently underwent an industrial and commercial registration change, with Yuan Xiaolin stepping down as chairman and being replaced by Hu Yanhang. Despite market rumors of a leadership change at Volvo China, Volvo Cars stated that this change does not involve personnel adjustments to the Asia-Pacific management team, and Yuan Xiaolin remains Senior Vice President of Volvo Cars Group and President and CEO of the Asia-Pacific region.