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Recently, an authoritative organization in Hangzhou, Zhejiang Province, announced that the Dongfeng Volvo joint venture project will soon be located in Hangzhou. The project will be based on Dongfeng Nissan Diesel. After the start of construction in March 2012, it is expected to be put into production by the end of 2013. The output will be 30,000 in 2014. In 2015, it reached 50,000 vehicles.
It is understood that Dongfeng and Volvo are expected to officially form a joint venture this year. At present, the two sides have already finalized the equity ratio, namely, the ratio of Dongfeng shares to 55% and that of Volvo to 45%. Industry insiders expressed that based on the above content, it can be speculated that Volvo will increase investment in the country, and Volvo's localization process is not groundless. 
Volvo Trucks hopes to make full use of the existing resources of Dongfeng Nissan Diesel to realize the localization of Volvo trucks and expand its production capacity. This will help reduce the cost of imported trucks and achieve better expansion in the domestic market. Volvo CEO Oloff has publicly stated that Volvo will invest more energy in Dongfeng Nissan Diesel in the future and hopes it can develop better.
On September 29, 2011, Dongfeng Commercial Vehicles Heavy Trucks' new plant and new powertrain base were put into production and laid a foundation in Shiyan. At the same time, Dongfeng proposed a strategy for large commercial vehicles to the outside world, and plans to spend 14 billion yuan during the 12th Five-Year Plan period. Yuan advances. The objective of Dongfeng Commercial Vehicle is to become the first in China and the third in the world. In Dongfeng's view, Nissan did not have much technical input in the commercial vehicle field, but enjoyed a large amount of dividends. Dongfeng hopes to find another strong partner to strengthen its advantage in the commercial vehicle field and enter the international commercial vehicle battlefield.
At present, China National Heavy Duty Truck and Germany Man, Foton and Mercedes-Benz have adopted a joint venture to compete in the commercial vehicle market. For Dongfeng, the cooperation with Nissan in the commercial vehicle field has not gained much. Therefore, it is urgent to seek a more powerful partner to participate in the competition. Cooperation with Volvo is also a booster for Dongfeng to improve the performance of the capital market. 
Since then, Dongfeng Commercial Vehicle has been integrated. It is reported that as a key third party to promote the joint venture, Nissan Motor will fully withdraw its capital from Dongfeng Zhongka Heavy Commercial Vehicles, that is, under the framework of Dongfeng Limited, Nissan will withdraw all of its shares in Dongfeng Commercial Vehicle Company. The Dongfeng Nissan Passenger Vehicle Co., Ltd., Dongfeng Motor Co., which operates light commercial vehicles, parts and components companies, and equipment companies have not changed.
It is reported that the brand introduced after the joint venture between the two parties is not only Volvo and the current Dongfeng Nissan Diesel. In the future, Renault brand trucks will also enter into joint venture projects.
It is understood that before the Volvo Group acquired Nissan Diesel, Renault’s Renault trucks and Mark trucks were both included in Volvo’s portfolio. Volvo currently owns four truck brands, Volvo Trucks, Renault Trucks, Nissan Diesel, and Mark Trucks. In response, an executive from Volvo (China) Investment Co., Ltd. said that Volvo Group's layout in the truck market in Asia must be comprehensively planned. It must be not only the Volvo brand in China.
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In November 2011, the “Dragon†trademark of Dongfeng Commercial Vehicle was recognized by the State Administration for Industry and Commerce as a well-known trademark in China and became the first sub-brand to be selected in the commercial vehicle industry. In the strategy, Dongfeng Tianjin sold nearly 50,000 vehicles. In the three years since it was listed, the holding capacity of Dongfeng Tianjin Market has doubled, becoming the benchmark of China Card Value and strengthening the Dongfeng Commercial Vehicle Company in China. Dongfeng Commercial Vehicles' overseas strategy is also steadily moving forward. In the first 11 months of 2011, it exported 8,300 vehicles, an increase of 26% year-on-year.