Geely to be the flagship of Hunan automobile industry
As a batch of black and shiny "Geely Prospective" coming off the production line on November 21, 100 thousand cars have been produced in the Geely Automobile Xiangtan Base so far, marking "Geely" turns into the flagship of automobile industry in Hunan Province.
During its seven years' development, Geely has accomplished its expansion project phase III with a total investment of 3 billion yuan, formed a joint production line for two brand cars and three vehicle models, and shaped an enterprise development pattern integrating finished automobile, auto parts, research and development, and education and experiment. And its industrial output value is expected to reach 10 billion yuan with tax revenue of 350 million yuan this year.
Principal of the Geely Automobile Xiangtan Base said that they will take practical measures to achieve an output of 200,000 completed cars, 300,000 engines and 300,000 automatic gearboxes within the next year, and by then Geely is expected to create an annual output value of 20 billion yuan and tax revenue of 1 billion yuan.