三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Motoring

Geely to start making Lotus cars in Wuhan

By Reuters and China Daily | China Daily | Updated: 2019-01-18 09:24
Share
Share - WeChat
An employee works on a Lotus Evora sports car as it moves down the production line at the Group Lotus Plc plant in Hethel, the United Kingdom. [Photo/Agencies]

Zhejiang Geely Holding Group will start producing cars under British sports car brand Lotus in China at a 9 billion yuan ($1.3 billion) factory in Wuhan, capital of Central China's Hubei province, according to Reuters, citing company job advertisements and government documents.

It will be the Chinese carmaker's first move to shake up Lotus since its purchase of a 51-percent stake in 2017 from Malaysian carmaker Proton as part of a package deal with its parent company DRB-Hicom. Geely vowed then to "bring it into a new phase of development by expanding and accelerating the rolling out of new products and technologies."

Lotus cars are currently built in the United Kingdom. In a statement to China Daily on Thursday, Geely said: "Lotus Cars is undergoing an exciting resurgence with the backing of Geely, and expanding the brand's manufacturing footprint globally is a key part of the company's strategy. Details on additional locations and models will be confirmed in due course."

The Wuhan Development Zone in Hubei province, where the new Geely factory will be based, said on its website last month that production at the plant would include the carmaker's "Lotus project".

Job advertisements on Geely's website show the automaker is looking to fill at least 20 Wuhan-based roles for the Lotus project.

The planning authority of Hubei province approved Geely's plans for the plant in late December. The factory will be able to manufacture 150,000 cars annually, according to a document posted on the authority's website.

The plant is slated to start construction this year and finish in 2021. It will build all-electric battery cars, electric hybrids as well as combustion engine cars like Lotuses.

Lotus registered its strongest sales since 2011 in 2018 with sales reaching 1,630 units. "Lotus is well placed to capitalize on its success in 2019 with planned expansion in markets such as China and the US," said Geely.

"For Geely, going high-end can help it take more market share," said Alan Kang, a Shanghai-based analyst at LMC Automotive. "Geely needs to do that to better compete with global brands."

Geely launched its premium brand Lynk & Co in 2017 to compete with volume international brands like Volkswagen and Ford, and sales exceeded 120,000 units in 2018, accounting for 8 percent of Geely's total sales.

While it is not clear what portion of the new Wuhan plant would be devoted to the British brand, greater production volumes would be consistent with Geely's stated ambition to grow the market for Lotus by broadening its lineup.

Lotus currently produces models such as the Evora and Elise. James Bond famously drove a Lotus Esprit in 1977's The Spy Who Loved Me, and Lotus once boasted a Formula One team until it was sold to Renault in 2015.

Two sources familiar with the matter told Reuters that Lotus may make luxury sport utility vehicles rather than sports cars during the Wuhan plant's initial phase.

One of the sources said Geely wanted to emulate premium carmakers, whose luxury SUV models were selling well in China.

The share of premium SUVs in China's overall passenger car market grew from 4.07 percent in 2014 to 5.01 percent in 2018, according to data from consultancy JD Power.

Geely's sales soared 20 percent to 1.5 million in 2018, despite the Chinese auto market slipping for the first time since 1990. The carmaker expects its sales in 2019 to stay at the same level as last year's.

The company has made waves in the auto world with its $9 billion purchase of a stake in Mercedes-Benz's parent company Daimler AG in 2018 and its $1.8 billion acquisition of Sweden's Volvo from Ford in 2010.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 成人18xxxx网站 | 亚洲精品影院一区二区 | 青青青久热国产精品视频 | 生活一级毛片 | 国产精品三区四区 | 亚洲精品国产精品一区二区 | 成人免费国产gav视频在线 | 日韩黄色三级 | 国产福利午夜自产拍视频在线 | 国内精品久久久久久麻豆 | 一级做a爰片久久毛片16 | 黄色小视频在线播放 | 中美日韩在线网免费毛片视频 | 欧美特级限制片高清 | 黄色国产精品 | 黄色成人免费网站 | 欧美精品免费一区欧美久久优播 | 欧美精品国产第一区二区 | 日韩日韩日韩日韩 | 国产精品久久福利新婚之夜 | 久久亚洲精品中文字幕亚瑟 | 人妖另类xx00视频 | 国产黄在线观看 | 黄色一级片免费观看 | 毛片一级 | 亚洲欧美日韩国产精品26u | 亚洲高清国产一线久久 | 中文字幕曰韩一区二区不卡 | 亚洲情a成黄在线观看 | 免费一级国产大片 | 免费福利视频在线观看 | 免费看午夜高清性色生活片 | 美国人和动物xxx | 日韩综合网站 | 国产a视频精品免费观看 | 午夜视频久久 | 亚洲国产观看 | 午夜香蕉视频 | 亚洲第一区精品日韩在线播放 | 成人午夜国产福到在线 | 国产成人精品美女在线 |