June 25, 2008 - The first batch of 54 double-fuel vehicles of Chinese car maker Geely Automobile Holdings have rolled off line at its Ningbo producing base, according to auto.tfol.com.
Free Cruiser and Vision, the two double-fuel models, are based on JL4G18 and MR479QA petrol engines and powered by the CNG double-fuel engine.
The double-fuel vehicles by Geely surely will win lots of consumers when the global petrol price is soaring, as using natural gas can save 35% to 50% more expense than petrol consumption, and that is to save about 15 yuan for every hundred kilometers, said the new energy experts of Geely auto.
From:thestandard.com.hkJuly 14, 2008 - Chinese carmaker Geely Automobile Holdings has set a sales and production target of two million units by 2015, two-thirds of which it hopes to export. Executives say this will be met in a three-stage process over the next three years.
Zhao Fuquan, a Geely executive director, said having reached its mid-term sales target, the carmaker is confident it can reach this year's sales target of 240,000 cars.
In the first half-year, Geely sold 121,690 cars, representing growth of 12 percent over the same period last year.
This was despite the rising cost of resources and contraints posed by the mainland government's macroeconomic tightening measures.
These have dampened the performance of the auto industry, according to the China Association of Automobiles Manufacturers.
The combined sales of the three new Geely models - King Kong, Vision and Free Cruiser - now make up over 90 percent of its total sales.
Meanwhile, in this year alone, Zhao said the company hopes to produce 90,000 to 100,000 of its new Geely Panda mini-car model, to be launched in August. One-third of these are slated for export, he said.
The company has also finished research and development on two sportscars specifically targeting the European and American markets. The two models - the FC-2 and FC-3 - will be launched next March.
source: China Automotive Information NetAugust 28th, 2008 - Guangxi Yuchai Machinery Co. will start producing a 2.0-liter diesel engine in mid-2010 in its joint ventures with Zhejiang Geely Holding Group and Zhejiang Yinlun Machinery Co.
The engine will be mounted on at least seven new Geely models, which are intended for export, says Jiang Shihong, general manager of Yuchai’s passenger vehicle business division.
"Of the new models Geely plans to launch, including mid-sized sedans, SUVs and vans, many will have diesel versions," he says.
The diesel cars are intended for overseas markets, but may also be sold inside China if the government starts encouraging the use of diesel passenger vehicles, he said.
Jiang says the 2.0-liter engine is being developed by Germany’s AVL List GmbH at present. Development of the engine’s prototype will be completed in September.
The intellectual property rights of the new engine belong to the joint ventures, he said.
When the new engine goes into mass production in 2010, the initial output will be a few thousand units a year. But Jiang says the volume is expected to increase later.
Earlier this year, Yuchai, Geely and Yinlun set up two joint ventures in Tiantai of Zhejiang province, and Jining of Shandong province.
Yuchai owns 52 percent of both joint ventures. Geely owns 30 percent, and the remaining 18 percent belongs to Yinlun.
The two joint ventures will eventually have a combined annual capacity of 300,000 engines.
Located in Yulin of Guangxi province, Yuchai is a m ajor diesel engine manufacturer in China.
It sold about 380,000 units of diesel engines last year, but all of them were for commercial vehicles or non-vehicle equipment and machinery.
Anticipating a boom in the domestic diesel passenger vehicle market, Yuchai hired Germany’s FEV Motorentechnik GmbH in 2004 to develop a 1.2-liter aluminum-based diesel engine for passenger vehicles.
But due to a lack of government support and lack of high quality diesel supply on the domestic market, the boom Yuchai expected didn’t materialize.
As a result, Yuchai hasn’t started commercial production of the engine yet.