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
Who is Teresa Fidalgo? Debunking the fake ghost story that's got Instagram spooked
Men in tights: getting to the bottom of the latest trend
City traders pay £200 for a quick hangover cure
The enemy within: People who hear voices in their heads are being encouraged to talk back
Eight-year-old girl Camilla Lisant suggests possible cancer treatment to her scientist father over the dinner table
Stephen Fry explains what he would say if he was 'confronted by God'
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
Hard line on immigration could cost Tories the election
- 1 Stephen Fry explains what he would say if he was 'confronted by God'
- 2 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Ball pool for adults opens in London
- 5 Canadian woman suing police who locked her in van with sex offender who then raped her
£15000 - £30000 per annum: Recruitment Genius: Now our rapidly expanding and A...
£15000 - £20000 per annum: Recruitment Genius: Are you passionate about great ...
£20000 - £30000 per annum: Recruitment Genius: This fast growing reinforcing s...
£18000 - £35000 per annum: Recruitment Genius: This fast growing reinforcing s...