Geely cars to open a manufacturing plant in Sri Lanka
It materialize, the venture can be a major breakthrough for Mahinda Rajapaksa's dream city and Basil Rajapaksa's economic master plan.
Geely is considering an assembly line with $ 20 million in shared investment with Micro Cars and 500 new employment in automotive manufacturing.
Martin Xiang, Director of Geely said to the Minister of Industry and Commerce Rishad Bathiudeen that the company was trying to start building the factory in mid 2013 and complete Phase I by the end of 2014 with hopes to roll-out the first car in January 2015.
Geely is one of the Fortune 500 company that owns 100% of Sweden’s Volvo and the Australian automatic transmission supplier Drivetrain Systems International.
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