Geely going all out

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Geely all out

By Yu Qiao (China Daily)

2010-01-18 08:05

The Geely is the first China-made micro to achieve a five-star C-NCAP

Plans 12 new models — buying Volvo and rolling out vehicles

Zhejiang Geely Group Co Ltd, which is to finalizing a deal to buy Swedish car brand Volvo from Motor Co, plans to roll out a new own-brand models this

Zhao Fuquan, vice-president of and development at the privately owned said the company will 12 all-new and upgraded products in including its first sports-utility (SUV) and first large-sized

The new models will have an capacity ranging from 1.0 to 2.8 Zhao said.

Geely, its headquarters in Hangzhou, capital of coastal Zhejiang province, also put its purely electric-powered and hybrid cars into commercial production this he added.

Liu Jinliang, the group s for sales and marketing, said aims to sell 400,000 this year, up from units in 2009. Its sales by 48 percent last year 2008.

Liu said Geely plans to make 8,000 to cars this year in a in Taiwan owned by local Yulon Motor Co Ltd that be sold on the island as well as in the Vietnam and other Southeast countries.

Geely signed a strategic agreement with Yulon at the end of year for research and development, sales and spare parts.

s first model made in is the Tobe-branded micro car, is named the Panda on the mainland Geely s umbrella badge

Liu said Yulon has built 13 Tobe Paradise showrooms in

Geely will also 300 to 500 showrooms on the mainland for both the Tobe and its sibling Panda the next two to three years.

Liu an electric-powered version of the Tobe Yulon s lithium batteries be launched in Taiwan in the third of this year. The model has a of 179 km after fully charged, a that takes about 40 It produces a maximum power of 82 kW.

Geely Emgrand EC9 Electric Cars

Mainland motorists have more than 30,000 cars since it was launched in 2008. The model has engine of 1.0 and 1.3 liters.

The Panda recently a surprising rating of five out of a possible five-plus in a Chinese New Car Program (C-NCAP) crash conducted by the government-owned China Technology Research Center.

The made the Panda the first micro model to achieve a C-NCAP rating, which is as a remarkable advance in quality for s own-brand auto industry.

We will strive to enable 80 of our future new models to achieve a rating, said Zhao.

to Geely s long-term plan years ago, the group to develop 15 platforms with than 40 all-new models and by 2015 to boost its global to 2 million units annually by It also plans to have a of 15 manufacturing bases at home and

Besides the Geely and Gleagle the carmaker also has two other marques — the Emgrand and the Englon.

In December, Geely agreed Ford on all substantial terms the purchase of Volvo. A definitive agreement is expected to be inked in the quarter of this year a completion of the transaction in the second

Geely will reportedly pay $2 billion in a deal that be the biggest overseas acquisition in s automotive industry.

Sales of the group, which has a Hong arm Geely Automobile Holdings, by 28 percent year-on-year to 16.5 yuan ($2.13 billion) in

Its pre-tax profits last rose by 35 percent to 2.4 billion The company s assets totaled 23 yuan at the end of 2009, a surge of 64 from a year earlier.

Geely Emgrand EC9 Electric Cars
Geely Emgrand EC9 Electric Cars
Geely Emgrand KC Electric Cars
Geely Emgrand KC Electric Cars
Geely Emgrand KC Electric Cars

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