China's Geely to sell cars online
Tuesday 07 December 2010
China's Geely Automobile Holdings, the new owner of Swedish car maker Volvo, will start selling vehicles on China's largest retail website Taobao later this month.
The online store, which was opened Monday for customer browsing, will initially offer the Geely Gleagle Panda compact car, and then gradually be expanded, Taobao said in a statement. Sales will begin on December 22.
China has the world's largest online population, with at least 420 million Internet users.
It also took over the title of the world's top auto market from the United States last year, and the nation's auto sales in 2010 are forecast to reach 17 million units - an increase of about 25 percent year-on-year.
Geely is the first carmaker to create an online dealership on Taobao, the Chinese e-commerce giant said. The car company also has plans to offer models that will only be available online, it added.
Consumers must put down a deposit of 288 yuan (43 dollars) online and then visit the nearest Geely showroom to test-drive the car and confirm the purchase, according to the statement.
Geely bought Sweden's Volvo from US auto giant Ford for 1.5 billion dollars in August, less than a quarter of what Ford paid for the company in 1999.
It has said it wants to expand Volvo's presence in China and other emerging markets, but Volvo was not immediately part of its Taobao initiative.
Life & Style blogs
Revenge porn: What is it – and how big is the problem?
Paris Fashion Week: Karl Lagerfeld leads a feminist riot on 'Boulevard Chanel'
Teenagers irritable because early school hours mess with their biological clocks
Windows 10 release: Microsoft bypasses 'Windows 9' with new operating system
The Fappening: After the third wave of leaked celebrity photos, why can't we stop it?
Isis, we are told, is a 'clear and dangerous threat to our way of life'. I’m sorry, but I just don’t buy it
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Mark Reckless becomes second Tory MP to defect to Ukip in a month
Should gay sex be illegal? 16% of Britons think so
- 1 Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
- 2 HeForShe campaign: Iceland to follow up Emma Watson speech with UN women's rights conference – for men only
- 3 Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
- 4 Teenagers irritable because early school hours mess with their biological clocks
- 5 Now we know whose fault it is if you end up being murdered in Thailand
- < Previous
- Next >
£400 Per Day: Clearwater People Solutions Ltd: Our client are currently seekin...
£121 - £142 per day: Randstad Education Luton: Early Years, KS1 & 2 Prima...
£121 - £142 per annum: Randstad Education Luton: Early Years, KS1 & 2 Prim...
£121 - £142 per day: Randstad Education Luton: Primary supply teacher Hertford...