China’s Geely exports up 190% year-on-year

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Zhejiang Geely Holding Group said on Thursday that it has achieved its whole-year target for vehicle export two months early, reporting year-on-year export growth of 190 percent in the first ten months.

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The parent company of Swedish luxury car brand Volvo delivered more than 81,000 vehicles outside China during that period. Its October exports set a record at 12,204 vehicles, representing 127 percent year-on-year growth.

The company, which delivered its products to more than 30 countries, expected to break the 100,000 vehicle barrier in exports this year.

Via: ChinaDaily.

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3 COMMENTS

  1. Good growth but the absolute numbers are still tiny compared to the global leaders. 1 million units outside China should be the benchmark for success by 2017.

  2. ???? Of course they are lower than Global leaders ????

    That misses the point altogether –

    Here we have a up and comer (newbie) literally bursting onto the scene, with SMOKIN’ numbers and we criticize because it did not sell as many a Ford, Toyota, or Honda.

    They are making it happen in a tough competitive market when others are struggling and sneaking up on the big boys fast.

    They are building manufacturing plant, producing engines and transmissions, exporting like crazy, and making a profit while dumping tons of money back into growth and global mindedness.

    This one is very worth watching……

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