Belarus and Geely signed large-scale automobile assembly project

When Belarusian President Lukashenko visited China on invitation, on July 16th, he officially signed a batch of Sino-Belarus joint venture cooperation projects that reflected the economic cooperation between the two countries. Li Shufu, Chairman of Zhejiang Geely Holding Group, and Dimiter, Minister of Industry of Belarus The signing of "Geely's joint venture with Belorussia to build a large-scale automobile assembly agreement" signed by Katarinanic marks the official entry into the implementation phase of the first automobile joint venture between Belarus and China.

Planning capacity of 120,000 <br> <br> According to the agreement signed by both sides, Geely and Belarus world's second largest mining machinery enterprises BELAZ Belarus National Parts Group companies and joint ventures SOYUZ company, jointly set up limited "Geely (Belarus) Automotive The company" is responsible for the production of Geely Automobile in Belarus, with a planned production capacity of 120,000 vehicles. Geely's existing SUV-GX7, Seaview SC7, SC5 and Panda CROSS will be assembled in the company's first batch of four hot models and will be On this basis, the company will further expand its production capacity and enrich product lines. The product market will radiate the entire CIS market including Russia and Ukraine.

According to Phoenix Auto, Geely's assembly of Belarusian models will be launched in Russia in the second half of the year. Geely (Belarus) Automobile Co., Ltd. signed an investment agreement in March 2012 with a total investment of 244.9 million U.S. dollars. BELAZ Group’s Belarusian auto plant owns 50% of the shares, Geely’s 32.5% of the shares, and United Automotive Technology Co. 17.5%, and the last company’s two largest shareholders are Belarus Auto Parts and China’s Shentou, each with 50% Shares. The BELAZ Group produces mining trucks, heavy vehicles, and other heavy transport equipment used in the mining and construction industry. Belarusian media reported at the end of December last year that a new plant will be built in 2013, covering an area of ​​73 hectares, with an annual output of 120,000 cars and 3,000 employees. Pre-assembly production, with an annual output of 10,000 vehicles, the first model Geely SC7, followed by the SUV Geely GX7 models, SC7 estimated price of 12,990 US dollars.

According to reports, Geely (Belarus) Automobile Co., Ltd., located in Borisov, Minsk Region, Belarus, began construction in March 2012. The first prototype was launched in October last year, and SOP was realized in November of the same year. Currently, Geely Automobile is The assembled product has successively obtained Belarusian product certification and Russian product certification. In March this year, the seascape SC7 has begun to sell in Belarus, and it is expected that by the end of this year, the GX7 model will also be listed in Belarus.

According to statistics released by the China Automobile Association, in the past few years, Geely has been developing rapidly in overseas markets, and overseas exports have continued to increase, becoming the largest Chinese car exporter with the largest increase in overseas exports, especially in Russia, Ukraine and other markets. In June, Geely Automobile ranked No. 1 among Chinese brands with 14,886 and 6,739 units respectively in Russia and Ukraine. In the CIS countries, Belarus's heavy industry is relatively developed, but the current car industry is still a blank. This time, Geely signed a joint venture agreement with Belarus. On the one hand, it will promote Belarus to accelerate the development of its car industry, and also for Geely Automobile in Belarus. The establishment of a joint venture to build factories and further close and open up the CIS market is an important piece of strategic breakthrough in Geely's overseas market layout.