Geely, Yulon to jointly sell Panda car in Taiwan
Shanghai, January 13 (Gasgoo.com) Geely Auto Holdings Group, mainland China's top private automaker will cooperate with Taiwan's largest automaker Yulon Motor Co, to build "Panda" cars for the Taiwan market, Chinanews.net said, citing Geely Auto Group.
The two companies are likely to work under the CKD form and assemble cars in Taiwan. Geely's small car Panda is expected to be the first Chinese mainland produced car to go to Taiwan.
Taiwan's auto industry, badly hit by the global economic crisis, suffered a big decline of last year's car sales to 220,000 units. But it seems a good opportunity to roll out cheap people cars, as Yulon Motor anticipated.
The Taiwan automaker expects to achieve sales success by promoting cheap car Panda, which Geely said to be priced at NT$320,000 (US$9,620).