Volvo Sales Boom
Volvo Car Group reported on August 5 that the company’s global sales increased by 14 percentin July compared to the same month lastyear thanks to substantial growth in China and Europe.
Retail sales in July amounted to 33，650vehicles，while sales in China rose by 61.6 percentto 4，640 cars in July， according to a press release from the company.
The performance in China was largely attributed to sales of the 2，278 XC60 model， which created a new all-time sales record for a singlemonth.
Local Brand
Smartphones
China Mobile Ltd. officially entered the booming mobile terminal market on August 2 as itunveiled its own-brand of smartphone models.The China Mobile M701， a 5-inch screenAndroid-based smartphone， is priced at 1，299 yuan($212). The China Mobile M601 is a 4-inch screen，dual-core Android smartphone that targets priceconscious consumers with a pricetag of 499 yuan($82).
The two smartphones are produced by
equipment manufacturers， Hisense Group and Shenzhen-based BYD Co. Ltd.， respectively. They will hit the Chinese market through China Mobile’sonline and offline outlets in August.
Industry watchers say China Mobile’s move aims to create a plat form that seamlessly integratesits current mobile services and other mobile applications.The other benefit for China Mobile in launching its own brand of smart phones is that it helps the carrier expand in county-level markets.
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