New arrival: All-new Volvo V40

The new premium Volvo hatchback was launched in the middle of this month, shortly before the Auto Shanghai 2013. It is priced at between 239,900 yuan and 325,900 yuan.

The model features a 2.0-liter turbocharged engine with maximum power of 213 hp and a six-speed automatic transmission. The car is 4,369 mm long, 1,802 mm wide and 1,445 mm high, and it has a 2,647 mm wheelbase.

It is going head to head with the BMW 1 Series, Mercedes-Benz A-Class and Audi A3 for dominance in its market segment. The company said that the car was an immediate hit after it went on sale in Europe last year, and it is expected to be equally well received in China.