Li Shufu attends “Belt and Road” summit as an auto industry representative

More than 1,500 representatives from about 130 countries attended the “Belt and Road” summit forum held on May, 14th. Li Shufu, Board Chairman of Geely Group, on behalf of the private companies in Chinese auto industry, also attended the summit.

In fact, Chinese auto companies have always been actively conducting international cooperation since “Belt and Road” initiate was proposed. Data shows that Geely has established 6 KD factories in Egypt, Sri Lanka and other countries. The CKD factory, located in Belarus, is expected to be put into operation recently with the final capacity of 120,000 units. As Geely’s first overseas factory project, the project makes full use of Belarus’s cost competitiveness and targets at Eurasian Economic Union countries with Geely’s newly mainstream models including Boyue, Yuanjing SUV and new Emgrand.

Geely Group is playing a more and more important role in international stage since the acquisition of Volvo in 2010. Just prior to the forum’s opening, Belgium’s Vice Prime Minister Kris Peeters left for Daqing and jointed the opening ceremony for Volvo Special Train project. He spoke highly of Volvo’s advanced manufacturing system and Daqing Factory’s manufacturing strength, quality controlling system and management procedure.

Li Shufu also said that, “China has received responses, supports and cooperation from more than 100 countries after the ‘Belt and Road’ initiate. All parties will join in and share the development opportunities brought by ‘Belt and Road’, showing great significance to Chinese economy, which is undergoing a historical period of economic transformation.”