China’s Geely to Export Volvo-Developed Models to U.S., Europe

China’s Geely to Export Volvo-Developed Models to U.S., Europe

Geely aims to become China’s largest vehicle exporter this year, with as many as 180,000 units shipped overseas.

The Chinese automaker also has its eyes set on the European and American markets with plans to export vehicles that it developed jointly with Volvo. CEO of Geely, Gui Shengyue, believes Geely’s acquisition of Volvo enhanced its image and hopes that Volvo’s reputation for safety and reliability will reflect on Geely’s exported models.

China sales of those vehicles jointly developed with Volvo will begin in 2015. Last year, Geely exported 100,800 vehicles but lagged behind Chery’s 184,800 units. Automakers in China have a planned capacity to manufacture 40-million vehicles by 2015.

Geely aims to have as much as 60 percent of its sales coming from exports by 2018 its CEO said. It is also working to introduce an SUV model for its domestic market next year.

[Source: Automotive News Europe]

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