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Chinese official expects three local producers to become global players


The country’s fast growing and highly competitive auto industry should be able to create at least three automakers that would be competitive on worldwide markets, says a Chinese government official. A senior official that works for the China Council in the Promotion of International Trade Automotive sub-council, Wang Xia, said that the local manufacturers have been hit by the incredibly rapid ...
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More Geely articles

Geely enters new strategy with Volvo’s export hub in China
The report says it all, Zhejiang Geely Holding Group Co, the Chinese parent of Swedish automaker Volvo plans to use its home base as an important export hub for the ...
Volvo Cars reports robust profit for 2013
Geely-owned Volvo Car Group, on Friday said the company returned to a solid profit in 2013 – after the automaker has cut jobs and posted strong sales. The Gothenburg-based automaker said ...
China: Geely stock close to 18 months low
Geely Automobile, the Chinese automaker that is now the parent of the Swedish carmaker Volvo, announced its sales went down 32% to 21,415 vehicles in February. The news took the investors ...
China: electrical car rental company on the rise
Chinese electric-car rental company, Kandi Technologies Group Inc., has risen to a new record in share trading after announcing its profitability and expansion plans. Signaling China’s political opening to the electric ...
Report – Geely and Volvo developing new subcompact global car
China's Zhejiang Geely Holding Group Co. and its subsidiary, Volvo Car Corp., have begun development of a subcompact vehicle platform in a Swedish R&D center that the partners opened last ...
Geely says it’s happy with Volvo’s management
China's Zhejiang Geely Holding Group Co. dismissed concerns that it's unhappy with the direction of its Swedish car-making unit Volvo Cars. The comments came after Friday in a report Reuters said ...
China: Geely misses 2013 target, predicts slowing sales growth
Geely Automobile, the Chinese automaker whose parent company owns Volvo Cars, predicted its sales growth will slow this year to less than half the pace of 2013 and trail the ...
Geely chairman says: “Let Volvo Be Volvo”
During the fourth annual Global Auto Forum (GAF) held in Wuhan, China, Li Shufu, Chairman of both Zhejiang Geely Holding Group Co., Ltd and Volvo Group spoke about the reported ...
Detroit Electric Signs Deal With Geely to Develop Electric Vehicles
The revived automaker Detroit Electric has signed a deal with China Geely to develop EVs , related motors and powertrains for the Asian market. This partnership will offer Detroit Electric the ...

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