Zhejiang Geely Holding Group selected South Korea as the first export market for its commercial vehicles.
The major private Chinese automaker’s commercial vehicle subsidiary signed up the international trade unit of Korean steel giant Posco and Korean electrified vehicle developer Curo Group Co. as strategic partners for the export program, Geely said.
Under the agreement, Posco International will act as sales agent for the subsidiary in South Korea while Curo Group will provide technical support for sales and services.
The subsidiary will also work with the two partners to localize existing vehicles for the Korean market, Geely added, without disclosing additional details.
Geely, the largest domestic Chinese carmaker, established a commercial vehicle subsidiary in Nanchong of southwest China’s Sichuan province in 2016.
The unit produces Farizon-badged battery-electric and methanol-powered trucks, buses, pickup trucks and vans.