China OKs Geely Auto plan to build 3.6 billion yuan assembly plant
China's central government has approved Geely Automobile Holdings' proposal to build a 3.6 billion yuan ($579.7 million) assembly plant in Zhangjiakou in north China's Hebei province.
The first vehicle will roll off the assembly line late next year and mass production will begin in 2017, the Zhangjiakou city government's website indicated.
The plant will build as many as 120,000 vehicles a year after reaching full capacity, according to the city government. Further details were undisclosed.
The Zhangjiakou factory will be Geely Auto's first assembly plant in north China.
Geely Auto, headquartered in the east China city of Hangzhou, has production sites in the east China cities of Taizhou, Ningbo and Jinan. The company also has plants in the central China city of Xiangtan, the northwest China city of Lanzhou and the southwest China city of Chengdu.
While industry sales have languished, Geely has rebounded after dumping slow-selling brands and trimming its product lineup. In the first five months, Geely Auto deliveries jumped 40 percent year on year to 219,038 vehicles.
Geely Auto's parent, Zhejiang Geely Holding Group Co., also owns Volvo Car Corp.
The plant will build as many as 120,000 vehicles a year after reaching full capacity, according to the city government. Further details were undisclosed.
The Zhangjiakou factory will be Geely Auto's first assembly plant in north China.
Geely Auto, headquartered in the east China city of Hangzhou, has production sites in the east China cities of Taizhou, Ningbo and Jinan. The company also has plants in the central China city of Xiangtan, the northwest China city of Lanzhou and the southwest China city of Chengdu.
While industry sales have languished, Geely has rebounded after dumping slow-selling brands and trimming its product lineup. In the first five months, Geely Auto deliveries jumped 40 percent year on year to 219,038 vehicles.
Geely Auto's parent, Zhejiang Geely Holding Group Co., also owns Volvo Car Corp.
