| Although the acquisition of Volvo's not the | | | | compared with the highly competitive car market, |
| eventual signing of the agreement, but lucky the | | | | special-purpose vehicle profit more objective. |
| past two days compounded by a new "buy" | | | | Auto analyst Jia Xinguang that the |
| action by the industry's attention. Reporter | | | | acquisition of the reputation of Geely cars, |
| yesterday from Geely learn that tomorrow will be | | | | certainly not Mr. Li momentary whim, but rather |
| the Geely Automobile Co., Ltd. in Hangzhou, Yu | | | | an auspicious direction for future development is |
| signed an agreement to acquire 100% of assets | | | | to build a comprehensive and complete "touch |
| in the reputation of cars. This has been | | | | wood" Automotive Group as part of the system. |
| interpreted as auspicious the industry into the | | | | "Private cars and cars are not very different in |
| area of Special Purpose Vehicle movements have | | | | many ways, the basic part of 'interlaced', such as |
| also caused Mr. Li to create "touch wood" the | | | | user groups, the car is a consumer-oriented, while |
| entire product line strategy to go further. | | | | the commercial-oriented operators. Therefore, the |
| Reputation in the field of cars in the | | | | development of special vehicle auspicious, but also |
| domestic private car at the leading position, car | | | | need to have a professional team. "Jia Xinguang |
| sales networks throughout the country. However, | | | | that domestic private car industry is still in the |
| the relevant person in charge told reporters | | | | development stage, which is auspicious chose to |
| Geely, Geely Automobile reputation acquisition the | | | | enter one of the reasons. |
| main purpose is not to their brands, channels and | | | | In addition, the acquisition of reputation can |
| products, but hope that through this acquisition, | | | | also be seen as Geely Automobile acquisition of |
| the use of a vehicle's existing factory in | | | | the international top brands of Volvo, to supply an |
| reputation, facilities, technology, research and | | | | alternative avenue for the development of |
| development and Geely's own high-end | | | | high-end technology. In China, private enterprises |
| manufacturers are passenger cars, commercial | | | | mostly in the low-end car market as the entry |
| vehicles and modified cars, to speed up the pace | | | | point, while the reputation of cars to go is "top |
| into the private car market to enrich and extend | | | | business" line of the repairer. In 2004, the |
| Geely's product line. | | | | reputation of Mercedes-Benz cars and official |
| In fact, the commercial vehicle to promote | | | | co-operation to become Daimler - Chrysler |
| research and development projects already in | | | | authorized only modification in the region of |
| Geely's overall planning. According to the | | | | production enterprises, and officially launched in |
| responsible person said that Geely's R & D | | | | 2005 based on the Mercedes-Benz Sprinter and |
| team already has begun doing MPV and other | | | | Vito commercial vehicle basis for the high |
| commercial vehicles, but the R & D at the | | | | conversion End commercial vehicle series. |
| same time, Geely has also been dedicated to find | | | | In addition to special purpose vehicles to |
| a more suitable vehicle products, specialized | | | | enter the market, Geely Automobile reputation of |
| production base. "In terms of reputation in all | | | | the acquisition have yet another dimension, that is, |
| aspects of car exactly in line with Geely needs." | | | | to build a new technology center. This reporter |
| Right now the rapid development of China's | | | | learned that, in the Geely signed with the |
| automobile market, while the private car market | | | | reputation of car the same day, will also hold |
| space for development is relatively larger cars. | | | | another ceremony is officially settled in Hangzhou |
| Related survey shows that in recent years, | | | | Geely Linjiang industrial park. Geely relevant |
| China's commercial vehicle market every year | | | | person in charge told reporters after the Geely |
| dedicated more than 25% growth rate of the | | | | settled in the industrial park, will be the reputation |
| year, the market demand will reach 70 million | | | | of asset-based, construction Geely Automobile |
| units. Contrast to the huge market demand and | | | | Technology Center, Technology Center will be |
| future potential, the current domestic production | | | | Geely Automobile Geely technology system to |
| capacity of only 30 a year Special Purpose Vehicle | | | | create the core of National Cheng Kung |
| million. While many automobile manufacturers in | | | | University, while interaction with the coastal Geely |
| China have worked hard in the private car | | | | Automobile Research Institute . |
| industry for many years, but compared with the | | | | However, the foreign acquisition of Volvo, |
| international community already more than 7000 | | | | the domestic has also established Research |
| kinds of products, our country only more than | | | | Institute and the base, Geely, is there any spare |
| 1000 kinds of product variety, no doubt also | | | | capacity in the capital won the reputation of the |
| exposes how much of this gap. In addition, | | | | car to become the focus of the parties to guess. |