Geely primed to launch brand-new car brand in Europe
Source : Geely primed to launch brand-new car brand in Europe
Insiders say China’s auto industry is actually preparing itself for a brand-new launch; Automotive Group to participate architecture with Volvo
Chinese automaker Geely reportedly preparing to launch a brand-new car in Europe, which will sit under the marque premium Volvo .
According to the news site Reuters , insiders say will focus on the brand brand-new affordable versions, allowing a subsidiary of Volvo to focus on the luxury end of the market.
the idea’s not confirmed yet whether the brand-new brand will sell. Outside China, nevertheless sources suggested in which the idea will arrive in Europe early This specific year
Autocar contacted Geely official comments, along with responded to the automotive industry with: “Geely has plans to unveil a brand-new product over the course of 2016, will be released for more information at the right time. ” Volvo declined to comment.
understood Volvo to work with Geely to develop a range of cars of This specific brand brand-new, so-called “L”, through the establishment of the brand-new car structure in which will initially be used to support the SUV.
is actually also supposed to support the salon at a later stage, the sources said, along with both versions will be based on the platform of the agreement along with modular architecture (CMA) developed by both Geely along with Volvo. The platform itself is actually based on the Ford, which was purchased by Volvo again in 2010. The design
are supposed to support future versions Geely, Volvo cars brand brand-new architecture. Volvo has already confirmed in which will be used on the Centeng made up of the smallest versions of the family of for Volvo, the XC40 crossover is actually a priority.
Earlier reports also were created brand-new Centeng structure part of the push Geely growth in America along with Europe, indicating a slowdown in Chinese demand is actually less important within the success of the brand.
already been questioned over the success of the brand-new project in China, a market which fell into decline in recent months. nevertheless my generation has proven its strength to defy market trends along with increased sales by 22% last year, with Volvo’s profit alone three times.
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