Listed for the second year in succession, the owner of Geely Automotive appears in number 477 on the 2013 list published earlier this month, with revenue reaching 24,6 billion US Dollars in 2012.
Last year the private car maker sold 483000 cars in Chinese and export markets, outpacing the average growth rate of the Chinese motor industry by 15%, making it the 7th biggest passenger vehicle manufacturer in China. The Volvo Car Corporation, the premium brand under Geely Holding since 2010, sold 421 951 vehicles globally in 2012 and is on track to boost its global sales figures to 800000 units by 2020.
Volvo will soon open a manufacturing plant in Chengdu China this year to better meet the increasing demand of the Chinese market.
Geely, which launched its luxury Emgrand brand in South Africa in May this year, made a massive positive impression in the local media. Most journalists called the Geely Emgrand the car that will pave the way on local soil for the future Chinese market.
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