Chinese brand Geely intends to strengthen positions in the global market due to the new modular platform CMA (Compact Modular Architecture), developed in conjunction with owned brand Volvo. This chassis will get a model of the Malaysian brand Proton, which is owned by Geely.
Plans for a Proton is still not finalized. Geely intends to renew its home and foreign production, moving them on models with “trolley”, developed together with Volvo. And we are talking not only about CMA used Volvo XC40, but BMA. The latter is more compact and is armed only with Geely.
The solution will provide multiple benefits: o company cars to a more sophisticated level, savings on the cost of development and reduced time to run models. Thus, Geely expects to receive the status of the first Chinese global automaker, Reuters reports.
Geely was founded in 1986 as a manufacturer of spare parts for refrigerators. Today with a production of approximately 2 000 000 cars under different brands annually, the company is close to dozens of the largest companies in the industry. Swedish Volvo was acquired by a Chinese company in 2010 for $ 1.8 billion.