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Geely, owner of Volvocar Corp., to open plant in EgyptWednesday, 22 February 2012
A number of Chinese manufacturers are looking out into the world as their domestic market slows.
Geely, which owns Volvo Cars will launch an assembly plant in Egypt with Egyptian GB Auto.
The focus is on the North African market, and production will be launched in the third quarter, writes China Car Times according to various Swedish media reports.
Great Wall Motor is reported to be creating a new plant in Bulgaria, the first Chinese manufacturer to start a factory in Europe, according to AFP and reports in various Swedish media.
By Scancomark.se Team
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