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Geely to invest $30 million in Indonesia

  • Source: Global Times
  • [14:55 June 26 2009]
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Chinese carmaker Geely Holdings Group plans to invest some $30 million to set up distribution and marketing networks for its cars sold in Indonesia.

Geely Holdings said through its Indonesian units PT Geely Mobil Indonesia it hopes to gain a substantial share of car market in the country.

Geely would assemble 400 units of cars at PT Gaya Motor this year, 125 of them will be exported to China.