China's Geely developing hybrid autos for 2007 launch - report
SHANGHAI (AFX) - Geely Automobile Holding Corp, which makes small cars with internally-developed technology, said it plans to develop more energy-saving cars, including hybrid models, the Shanghai Daily reported citing the company's top executive.
The Hangzhou-based private automaker said it has already conducted research and development into hybrid cars using its own technology, the paper said citing Li Shufu, chairman of Geely.
The first hybrid model is expected to roll off the assembly line early next year and this will kick off mass production at its plant in Xiangtan, Hunan Province in central China, the paper said.
Construction of the Xiangtan plant started at the end of last month and the facility will be able to produce 50,000 units annually initially before expanding to 100,000 units by the end of 2010, the paper said.
It said hybrid cars, which switch between an electric motor and a gas or diesel engine, can save up to 30 pct in fuel compared to standard cars.
Other domestic automakers such as Chery Automobile Corp, Shanghai Maple Automobile Corp and Chang'an Automobile Group have started to make hybrid cars while joint ventures like Shanghai Volkswagen and Shanghai General Motors are also competing to roll out such models, the paper said.
The Hangzhou-based private automaker said it has already conducted research and development into hybrid cars using its own technology, the paper said citing Li Shufu, chairman of Geely.
The first hybrid model is expected to roll off the assembly line early next year and this will kick off mass production at its plant in Xiangtan, Hunan Province in central China, the paper said.
Construction of the Xiangtan plant started at the end of last month and the facility will be able to produce 50,000 units annually initially before expanding to 100,000 units by the end of 2010, the paper said.
It said hybrid cars, which switch between an electric motor and a gas or diesel engine, can save up to 30 pct in fuel compared to standard cars.
Other domestic automakers such as Chery Automobile Corp, Shanghai Maple Automobile Corp and Chang'an Automobile Group have started to make hybrid cars while joint ventures like Shanghai Volkswagen and Shanghai General Motors are also competing to roll out such models, the paper said.
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