Chinese car manufacturer looks to set up factory in Portugal

16 May 2007

Beijing, China, 16 May – Chinese car manufacturer, Geely Automobile continues to look into the possibility of setting up a factory in the town of Sines, Portugal and a spokesperson for the company said that a company delegation would be in Portugal until next week.

“The Geely delegation will continue its contacts in Portugal, but it is not yet time to make decisions,” said a spokesperson for the company to Portuguese news agency Lusa.

According to the spokesperson, together with the Geely delegation representatives from the Meijiangfeng Import-Export Corporation have also traveled to Portugal. The company specializes in importing and exporting cars into a from Europe and has headquarters in Shanghai.

Despite confirming meetings with Portuguese authorities, the Geely spokesperson declined to say what the result of negotiations had been and delayed revealing the conclusions of the meetings for when the delegation returned to China.

The Chinese delegation met last week in Sines with representatives of the Portuguese government and the Portuguese Investment Agency (API) to evaluate the opening of a factory and the region’s potential, according to Portuguese newspaper Diário Económico.

Based in Zhejianng, a province in eastern China ordering Shanghai, Geely Automobile, which was founded five years ago, is one of the ten largest car manufacturers in the country with annual production of 140,000 cars and aims to build 2 million cars per year by 2015. (macauhub)