Geely to add 15 overseas production bases by 2015
Dec. 30, 2010 (China Knowledge) - Zhejiang Geely Holding Group Co, the parent firm of Chinese major automaker Geely Automobile Holdings<0175>, plans to build 15 overseas production bases in the next five years, said Chairman Li Shufu.
Li added that the move is to meet its 2-million-unit goal both in auto production and sales.
Zhejiang Geely Holding Group hopes to produce more than 40 auto models based on its five technical platforms and 15 existing models by 2015.
In addition, the company will develop six engine platforms, more than ten engines and a full range of manual and automatic transmissions. These components will be developed for both gasoline and diesel vehicles and will be in line with the domestic and international regulatory requirements.
Sources reported that Zhejiang Geely Holding Group has obtained orders to deliver more than 100,000 sets of automatic transmissions since it acquired Australian automatic transmission supplier Drivetrain Systems International, or DSI, last year. DSI is preparing to build three automatic transmission plants in China.
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