日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

Auto:Geely in JV to make taxis for London

(China Daily HK Edition)
Updated: 2006-11-10 15:09

Geely Automobile Holdings has entered a developed economy's market through a US$54.3-million deal with Manganese Bronze Holdings Plc to produce taxis for London from mid-2008.

The joint venture agreement signed yesterday would make Geely the largest shareholder of Manganese Bronze with 23 per cent of its shares and two seats on its board.

The two companies' target is to produce about 40,000 cars a year at their joint-venture plant on the mainland: about 10,000 London cabs and 30,000 limousines or sedans.

"We look to export components back to London and vehicles to all of the cities across the world," said Manganese Bronze finance director Mark Fryer.

The deal highlights the global ambition of the mainland's largest privately owned carmaker, which now assembles sedans in Indonesia and is trying to enter the US market, too.

The refrigerator-maker-turned-auto firm has encountered a fierce business environment over the past two years because of overcapacity, price cuts and rising material costs. To overcome the crisis, many automakers, including Zhejiang-based Geely, sought to expand overseas.

The mainland became a net vehicle exporter last year, selling 172,800 units. The sales were boosted mostly by the performance of Geely, Chery Automobile and Great Wall Motor.

Developing markets such as Indonesia, the Middle East, Egypt and Russia are their top target, with cheaper vehicles comprising the majority of their exports.

But mainland firms now not only deliver complete vehicles overseas, but have also moved their production units abroad.

Geely, which started out 20 years ago, now has a joint venture in Indonesia for 1.1-litre, 1.3-litre and 1.5-litre cars.

Great Wall Motor, which specializes in vehicles that can withstand rough roads and inclement weather, is planning to invest US$70 million to set up a plant in Russia.

Export, output target

Geely could end up exporting 20,000 cars this year, and has plans to double that figure in 2007, Chairman Li Shufu had said in September. And it seems to be moving towards fulfilling this year's target.

Also, the automaker plans to more than double its annual output from 300,000 this year to 650,000 in two years. In the first half of the year, it's two units (in which it holds 48.6 per cent each) sold 91,953 vehicles, an increase of 60 per cent year on year, which accounted for 51 per cent of its annual sales target of 180,000 units. The rise is lower when the figure for the first eight months is taken: 48 per cent more, or 112,633 vehicles.

Geely shares were flat in Thursday morning trade at HK$0.89, before being suspended in the afternoon.


(For more biz stories, please visit Industry Updates)



Related Stories  
主站蜘蛛池模板: 日日人人 | 中文字幕欧美视频 | 久草热在线 | 午夜在线观看视频网站 | 在线观看欧美日韩视频 | 中文字幕av专区dvd | 欧美另类一区 | 国产 欧美 在线 | 亚洲精品在线视频观看 | 人人艹视频 | 亚洲伊人成人网 | 欧美日韩综合网 | 欧美高清性 | 麻豆精品国产免费 | 成人一区二区视频 | 69老司机 | 成人一级黄色 | 日本中文在线观看 | 色中色综合 | 伊人55 | 福利一区福利二区 | 欧美久久久久久久久 | 欧美在线激情 | 视频国产精品 | 欧美精品另类 | 日韩av大片 | 欧美粗暴jizz性欧美20 | 欧美综合亚洲 | 欧美国产片 | 日韩精品区 | 麻豆久久久久 | 国产成人麻豆精品午夜在线 | 岛国久久久 | 91新地址| 老熟妇毛片 | 亚洲国产mv | 黄色在线观看免费 | 一区二区黄色片 | 少妇av片在线观看 | 国产精品1024 | 久久艹精品视频 |