Geely unveils CVT Emgrand EC7

Geely Automobile Holdings Ltd. (SEHK: 0175) just released the CVT (continuosusly variable transmission) version of its Emgrand EC7 series at the one-week Chengdu Motor Show (CDMS).

After hitting the market about one year ago, the Emgrand EC718 has found itself still in short supply because of the limited production capacity. Its total sales volume has surpassed 50,000 cars since its launch, and its monthly sales volume is now stably above 6,000 ones.

The CVT version is deemed to further enrich the Emgrand EC7 product mix. Moreover, an all-new factory in Cixi, Zhejiang Province, east China, is scheduled to start production at the end of 2010, rapidly lifting the automaker's production capacity.

In the first eight months of this year, Geely Automobile sold more than 240,000 vehicles with a growth of 30 percent year on year.

In August alone, the automaker sold 6,258 Free Cruisers, 5,188 Geely Kingkongs and 6194 Geely Emgrands, each rising by more than 20 percent from the previous month on average. But it sold only 2619 Geely Visions, marking a slight fall month on month, said earlier reports.