Geely-Volvo's Chinese headquarters, research and development center, and production base will be located in Shanghai International Automobile City, said Zhu Mingrong, vice president of the executive council and secretary-general of China Auto Talents Society on Thursday.

Zhu, also the deputy director of the Organization Department in Jiading District, Shanghai, released that Geely-Volvo signed an agreement with the government of Jiading District on June 30.

An insider from Geely-Volvo said that no details could be released before the final completion of the purchasing deal.

The takeover of Sweden's Volvo by Geely, a privately-run Chinese carmaker, was approved by the European Commission on Tuesday.

China's business press carried the story above on Friday. China.org.cn has not checked the stories and does not vouch for their accuracy.