Chinese automaker Geely enters EU market-Xinhua
Chinese automaker Geely enters EU market-
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Chinese automaker Geely enters EU market-
“The Chinese don’t want to build only in China. They want to build in the rest of the world,” analyst Joseph McCabe says.
French carmaker Renault has selected Korea to become its export hub for its large vehicle lineup despite suffering continuous labor-management conflicts and low brand recognition in the country. In the Korean market this year, Renault sold only 39,487 vehicles from January to September, placing it in fourth place with a mere 3.9 percent market share.
China’s exports of passenger cars totaled 1.59 million units in the first nine months, surging 60 percent year-on-year, industry data revealed on Tuesday, indicating that Chinese brands have made a major breakthrough in comprehensively entering the international market.
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