SHANGHAI -- Zhejiang Geely Holding Group Co. has no immediate plan to export its own brand cars to developed markets, said Frank Zhao, the company's vice president for technology.
Geely will remain focused on the domestic market as well as some development markets, he said today at a media briefing held at the Beijing auto show.
“Regarding (selling to) developed markets, I think that will be something a couple of years down the road,” Zhao said.
But he added his company is studying developed markets.
“We are watching those markets on technology progress and also legal requirements very carefully, but we don't have any closer structured plan,” he said.
Geely signed a definite agreement in March with Ford Motor Co. to acquire the Volvo car unit. Zhao said Geely will make sure the operations of its own brand and the Swedish brand are kept separate.
“Our chairman Li Shufu has made it very clear that Geely is Geely and Volvo is Volvo. That means a lot because we have totally different customer segments and different markets,” he said.