Geely Aims to Enter World's Top 500 Companies

After completing the Volvo takeover, the guys over at Geely have become much more optimistic, with their goals clearly pointing to milestones the Chinese would have never been able to achieve before. But the Geely group intends to grow more than ever this year, with a clear goal to become one of the top 500 companies in the world. It that really possible? If you're asking one of the Chinese guys at the helm of the company, you'll surely hear a definitive "yes".

"This year we will expand Geely's production capacity to over ten trillion units, enough to be one of the world's top 500 enterprises," said Yang Jian, president of Geely Holding Group, according to a report by Gasgoo.com.

As for the auto branch in particular, Geely expects sales to grow a lot in the next few years, especially because the Volvo product range will be launched both in the domestic markets and in other unexplored regions. The company wants to double its market share in China, with sales to reach 2 million cars per year by 2015.

More than 40 new models based on 15 platforms based on its core brands will be launched in the years to come. For those of you who aren't quite familiar with the Chinese market, Geely's local brands are Emgrand, Gleagle and Englon, each of which will definitely receive major investments and new models.

Of course, the dealership network will also be increased, with new stores to deliver not only models sold under its Chinese brands, but also vehicles wearing Volvo's badge.