Geely Is Predicting A Boom in ’07

At least, thats what they claim. Geely is currently 9th in terms of sales in the Chinese auto world, Geely obviously isn’t satisfied with that and wants to export more cars, however they will probably export to the developing world first rather than the US and Europe so dont get excited yet, you cant buy your Geely Beauty Leopardfor cruising around the streets of London, Paris or New York just yet.

GEELY Holding Group says its vehicles sales this year could grow 45 percent in China compared to last year, fuelled by exports to overseas markets.

Geely, one of China’s leading private car makers, forecast yesterday sales of 296,000 units.

Last year it sold 204,000 vehicles, an increase of 40 percent from 2005, according to Li Shufu, chairman of the Zhejiang-based car maker.

The sales spurt pushed Geely to ninth in terms of sales in China for last year. Sales revenue amounted to nine billion yuan (US$1.12 billion) during the same period and it expects to add another three billion yuan this year.

Ash

Ash came to China at 18 on a whim and never left. Some 10 years later he collected a degree and a family along the way and now focuses his time on watching the Chinese car industry develop. He has witnessed the market change from being minor backyard market in to the world's biggest and most important market for all car manufacturers. You can contact or connect with him via Linkedin by clicking the 'Website' link.

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