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Currently, the global financial crisis is lingering. The world auto industry is experiencing the huge difficulties. However, China automaker Geely is planning its long-term development schedule because it successfully merges the world auto brand Volvo.
As the long-term development of Volvo auto, people always think that this brand means safety and reliability. When customers buy Volvo buses and cars, they also bring safety to the family and company. Many Chinese auto experts say that the successful deal is far beyond the acquisition for Geely. It offered a shortcut to Geely to fast access to the world auto market. Mr. Zhao Hang, a director of China Automotive Technology and Research Center, describes that this is a way for Chinese automakers to go abroad.
According to the Geely"s long-term plan, it will focus on the development of new energy vehicle. Volvo has advanced relative technology and can lift the development pace of Geely. Auto experts say China may leave far behind the pace of developed countries in new energy auto sector if the current investment in research and development has no change. Geely makes a good example for many Chinese automakers.