Geely Continues Expansions, Forms JV with Yulon Motor

Geely tends to become an everyday subject in the automotive industry as the Chinese manufacturer is continuously seeking new joint ventures and partnerships that could support its global expansion. The company is now planning to set up a joint venture in Taiwan with Yulon Motor that could sell rebadged Geely Panda vehicles in the country. Geely Holding Vice President Wang Ziliang said the cars will be assembled by both companies but Yulon will be in charge of distributing them in the country.

The main reason for forming a joint venture in Taiwan is that people in the country might be interested in the models manufacturer by the Chinese carmaker and the current level of prices for Geely's models could prove to be a decisive factor for Taiwanese buyers.

Reports that surfaced earlier this week revealed that Geely will also begin selling cars in Australia after signing a partnership with local dealer John Hughes.

"I think we'll be the first Chinese passenger car to come to Australia. I don't think anyone should bring cars in November or December, because the duty drops in January, so we'll be first,'' Hughes told the Herald-Sun, quoted by just-auto.com. "We will land the first two evaluation cars in September. We'll go from there. I'm kicking them off in WA because the Chinese are anxious to get them in as quickly as possible."

Geely is also one of the companies involved in the Volvo bidding, with the Chinese manufacturer reportedly planning to construct a new production plant in China for the Swedish automaker. Earlier media coverage hinted that Geely is ready to offer up to $2 billion for the Swedish unit.