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  • What's News? March 25, 2013 | 0 Comments

    Geely: JV for EVs

    Geely and the Kandi Group, a domestic auto manufacturer, have recently establish a joint venture to develop electric vehicles. The new JV will primarily produce small-size EVs like Kandi's pre-existing two-door coupes and similar models developed by Geely. Geely and Kandi plan to target public purchases and auto rental agencies in addition to individual consumers. Geely will invest RMB 2 billion in electric vehicle development over the coming few years. Source: Netease

  • What's News? February 28, 2013 | 0 Comments

    Geely turns Manganese Bronze green

    During a recent business trip to London to finalize Geely’s acquisition of Manganese Bronze, comapny CEO Li Shufu said that Geely plans to adopt an environmentally-friendly strategy to develop the new purchase. Geely will reduce the weight of the classic black taxi to improve fuel consumption and then introduce hybrid technology from 2010 acquisition Volvo to reduce emissions. Eventually, Li hopes the taxis will become full-on EVs. Geely will invest approx EUR 100 million over 5 years on the project.

    Source: Sina

  • What's News? February 27, 2013 | 0 Comments

    Geely’s new Brazil strategy

    Geely will sell cars produced in its Uruguay factory to Brazilian customers starting August 2013. The company will concentrate its dealership network in Brazil’s heavily populated southeast. Geely first planned to enter the Brazil market in 2011 but pulled out after two months; tariff rates on industrial goods above 30% and high localization requirements were to blame. A plant in Uruguay, meanwhile, will allow Geely to avoid high tariffs, treating the company’s imports the same as those from signatory nations of the regional MERCOSUR economic treaty

    Source: Hexun

  • What's News? February 25, 2013 | 0 Comments

    Geely opens Swedish R&D center

    Geely announced it will establish an R&D center in Sweden. The center will employ approximately 200 full-time engineers from both China and Europe to work on frames and components for Geely’s new C-series vehicles. The center is expected to begin operations by the end of 2013 and looks to utilize advanced technology from Geely’s 2010 purchase of Volvo. Source: Sina

  • What's News? February 21, 2013 | 0 Comments

    Geely goes (Middle) East

    Geely recently announced plans to increase investment and expansion in Middle Eastern auto markets like Egypt, Iran and Algeria. The company hopes to speed along new product launches at the pace of key Geely markets such as Russia, Ukraine, Iraq and Saudi Arab. In 2012, approximately 20% of Geely sales came overseas. Source: Autohome

  • What's News? February 21, 2013 | 0 Comments

    Geely to Belarus

    Geely will formally launch its SC model sedan in Belarus later this month. Belarusian operations will be responsible for maintaining local sales networks and providing after-sales services and maintenance. Geely’s Belarus plant has an annual capacity of 10,000 units. The SC model is expected to arrive on the Russian market later in spring 2013.

    Source: Autohome

  • What's News? February 20, 2013 | 0 Comments

    Dongfeng, Geely compete to acquire Fisker

    Domestic automakers Dongfeng and Geely are competing to acquire Fisker Auto, an American new energy car maker. Both companies bid in the range of USD 200-300 million. Geely is the current favorite, as Fisker reportedly considers Geely more decisive in its corporate decision-making. Geely has already sent a group of engineers toAmericato investigate Fisker’s EV technology.

    Source: Tencent

  • What's News? February 6, 2013 | 0 Comments

    Geely acquires Manganese Bronze

    Hangzhou-based automaker Geely has finalized the acquisition of Manganese Bronze, the UK automaker behind London’s iconic black cabs. The business and core assets of Manganese Bronze were purchased for GPB 11.04 million. Geely hopes the acquisition reverses downturns in Manganese’s production, sales and after-sales services keeping those black taxis on the road. After aggressive moves into South America, the Middle East and Northern Europe, this looks to be Geely’s trial run at Western Europe. Source: China Daily

  • What's News? November 30, 2012 | 0 Comments

    Geely Auto expects fast growth in exports

    Geely, China's largest privately-owned auto company, expects its growth in overseas markets to accelerate over the next three to five years. Currently, about 20% of Geely car sales come from outside of China.  The company plans to increase the share of exports to 30%-40% over the next few years. Geely expects to sell about 100,000 cars in overseas markets this year, a growth of more than 250% compared to 2011. The company plans to build production and assembly plants in target countries. Source: QQ Auto  


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