Mon, April 09, 2012
Business > Industries

Geely aims to become China's largest auto exporter

2012-04-09 09:09:41 GMT2012-04-09 17:09:41(Beijing Time)  Global Times

Geely aims to surpass Chery, China's number one passenger car exporter for nine consecutive years, and become the largest auto exporter in two years, said Gui Shengyue, the CEO of Geely Automotive Holdings Ltd.

According to statistics released by the China Association of Automobile Manufacturers (CAAM), Geely's exports increased to 38,000 units in 2011 as China's ninth largest car exporter, compared with Chery's 158,900 units, a number second to none for the year.

Geely plans to build two factories in Belarus and Uruguay in 2012, and hopes that its overseas sales will account for 50 percent of its global ones by 2015, said Gui.

In a recent interview with Bloomberg, Gui reckoned the automaker, in the belief that it could achieve the aim, would focus on increasing its export volume, especially its sales in developing countries so as to lay a solid foundation for its expansion into the developed world.

In a climate that vehicle sales have weakened in China and the production tends to outmatch the domestic demand, the major Chinese auto manufacturers like Geely, Great Wall and BYD Co have begun to seek growth through increasing their exports. The capacity of Chinese auto factories is estimated to reach 40 million units by 2015, 27 million units more than the by-then domestic demand, according to statistics issued by the National Development and Reform Commission.

 

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