Geely will build a new factory in Chengdu
- The Geely Group has 10 assembly plants in China in 2018: Chengdu (100,000 capacity vehicles), Xiangtan (200,000), Lanzhou (120,000), Jinan (60,000), Shanghai (200,000), Ningbo (300,000), Taizhou (150,000), Linhai (80,000), Daqing (150,000) dedicated to the Volvo brand, Luqiao (200,000) dedicated to the Lynk & Co brand. The Geely Group's production capacity is now 1.560.000 vehicles per year. The group's production volume reaches 1,426,000 vehicles in 2017 (including 1,332,000 Geely and 94,000 Volvo). By 2018, it could exceed 1,560,000 units and thus reach the level of saturation of its current facilities.
- The Geely group therefore urgently needs a new plant to be able to produce 1,650,000 or even 1,700,000 vehicles in 2019. This is why this leading independent Chinese manufacturer has decided to build a new factory, which will be located in Chengdu (where it already has a plant), with an initial capacity of 150,000 units a year, dedicated to hybrid vehicles, which is expected to start in a year.
- Chinese government quotas require Geely to produce 10% of its local automobile production in hybrid or electric motorizations, which is equivalent to around 150,000 units in 2019.
- The Geely Group's capacity is expected to reach 1,710,000 vehicles per year in 2019. If China's market growth continues in 2020 and 2021, Geely will build another new plant, or expand an existing one.
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