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Position: Auto Articles - [Auto News] - Geely looks for a foreign partner
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Geely looks for a foreign partner
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Geely Automobile Holdings Ltd. — a Chinese automaker — has announced that it is looking to partner with a foreign car and parts maker, including Japanese ones. Geely is looking to expand in order to take advantage of growth opportunity outside of its domestic market.
`We started off building and selling cheap cars, but now we are changing` said Li Shufu Geely`s chairman. `We are very, very eager to form alliances`.
Automotive News says Geely is one of a few Chinese privately run carmakers, planning to double the capacity by 2008. Geely also plans to make production facilities in Europe and North America to expand beyond the home market. `We have great respect for Japanese automakers and want to cooperate with them` said Li. For Geely a partnership with manufacturers from other countries it`s still an option. Geely will attend the Detroit Auto Show in January as one of five Chinese carmaker there.
Auto Article Url: http://www.auto-motor-car.com/article_1787.htm
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