LiShufu: Geely is to expand production by injecting assets

Li Shufu, president of Geely Group, said new assets will be injected into Geely Automobile. He stated that the group is currently building three separate car factories in Jinan in Shandong Province, Lanzhou in Gansu Province and Xiangtan in Hunan Province. The production capacity of these three car factories are aiming at 150,000 units. He added that two of the factories may be completed within this year, but the specific asset schedule is determined by supervisory approvals.