Volvo Cars Said to Win China Approval to Produce Vehicles

Volvo Cars, the Swedish carmaker owned by Zhejiang Geely Holding Group Co., won the approval of China’s main industry planner to begin making vehicles in the country, three people familiar with the matter said.

The National Development and Reform Commission recently authorized Volvo’s production plan, the people said, asking not to be named because the process is confidential. The State Council, or cabinet, has to give final approval, though chances of rejection are negligible, said one of the people.