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
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
If you're horrified by a flame-roasted dog, you should be shocked at a hog roast
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
Exclusive: Impact of immigrants on British workers ‘negligible’
Vince Cable: Teachers 'know absolutely nothing' about the world of work
Ukraine crisis: Russia pledges to 'retaliate against sanctions' as Ukrainian president says Crimea vote will not be recognised
- 1 International Women's Day 2014: The shocking statistics that show why it is still so important
- 2 Orgasm machine to deliver climax at the push of a button
- 3 Dear 'The Sun', breast cancer isn't sexy
- 4 Teacher shows sex tape featuring herself to pupils during class by mistake
- 5 Singapore sting: Sky-high prices are pushing locals to the edge of affordability
£12000 per annum: Inspiring Interns: A small but growing chain of boutique hot...
£12000 per annum: Inspiring Interns: The company works with Tier 1 FTSE 100 Ba...
£45 - 60k Per Annum: Charter Selection: Highly profitable leisure brand, marke...
£30000 - £50000 per annum + Highly Competitive Salary: Austen Lloyd: Residenti...