Geely targets 400,000 automobile sales in 2010
BEIJING, Nov 25, 2009 (Xinhua via COMTEX) --
Company: Geely Automobile Holdings Ltd (GELYY)
Chinese carmaker Geely Automobile Holdings (0175.HK) has raised its 2010 auto sales target to 400,000 vehicles, 30 percent more than this year's, said Liu Jinliang, vice president of Geely.
Liu said that the Geely is expected to realize a sales volume of 300,000 units this year.
According to Liu, Geely will adopt innovative marketing so as to acquire a larger market share.
Driven by the country's stimulus policies for auto consumption, Liu predicted that China's auto industry would grow 15 percent next year.
Regarding the company's strategic development, Liu said that Geely would integrate its brands into three major ones in the next year or two.
In October, Geely was confirmed as the preferred bidder for the sale of the Volvo Car Corporation. Enditem
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Company: Geely Automobile Holdings Ltd (GELYY)
Related terms: acquisition, automobile, china, market share, marketing, president, sales
