China’s Geely group plans to double car exports this year

15 January 2007

Beijing, China, 15 Jan – Chinese car manufacturer Geely Group has said it plans to export 33,000 vehicles this year, more than doubling the figure for 2006, according to the group’s website.

In 2006 the group sold 204,000 cars, 15,000 of which were sold abroad and posted turnover of US$1.15 billion.

Chairman Li Shufu said that the production target for this year was 296,000 cars.

A competition was also launched by the company to replace its current logo for something “more international” in order to gain market share abroad in which the company faces competition from all over the world.

The winner will receive a prize of 3.6 million yuan.

The Geely Group, which is headquartered in the city of Hangzhou, capital of Zhejiang province, exported over 300,000 cars to 40 countries.

Last year it was ranked 10th amongst the list of Chinese car manufacturers by number of cars sold.

The group’s cars are already being sold in Portugal by Portuguese distributors Santogal and Sociedade Hispânica de Automóveis.

Geely has also signed a partnership agreement in Brazil with a local distributor. (macauhub)