The Zhejiang Geely Holding Group plans to jointly establish a factory with a local car maker near Jakarta, capital of Indonesia for assembling Geely cars and will sell them in ASEAN countries in near future.

According to the agreement reached by Geely Holding Group and Indonesia-based Astra International, Geely provides equipment, technology and personnel training, while Astra offers workers and workshops.

Chinese automobile makers have targeted ASEAN as one of its major destinations for investment and car export. "China and ASEAN are both newly-emerged, rapidly-developing auto markets. Cooperation in auto industry between China and ASEAN will bring a win-win situation for the two sides and make their cars more competitive in the international market," said Gu Xiangdong, Deputy Secretary-General of China Association of Automobile Manufacturers.

At the on-going China-ASEAN Expo, China's over ten major auto companies, including Dongfeng Group, FAW-Vollcswagen Automotive Company Ltd, King Long Motor Co, Ltd and Jinbei Automotive Company Ltd, all set up booths and show their newly-developed cars in the exhibition halls.

The Expo secretariat said that there is an exhibition hall as large as 120,000 square meters for the China-ASEAN Expo. 20,000 square meters were occupied by domestic auto factories.

Source:佚名