Did KANDI's partner geely just say expanding to bejing????? YES!!!
Geely Automobile (00175.HK) refers Li Donghui, vice president and chief financial officer last year, although sales of nearly two percent less than the original target, but sales are still higher than its peers, hoping to improve brand positioning of this year, the sales target for the five-eighth million vehicles, six percent more than last year. He also said that, subject to external economic and policy uncertainties, estimates export car sales will increase 18 percent from last year's slowdown this year's one percent. Li Donghui, said the mainland part of the first-tier cities to limit the amount of new licensing, weakening demand for cars, but Liu Cheng Group sales from the third and fourth tier cities and rural areas, expected HPR limited impact. He also said that cooperation in the development of electric vehicle plan smoothly with the mainland auto companies Condit, was launched as a pilot in Hangzhou, and plans to extend to Beijing, Shanghai and Chengdu. Geely also said that the establishment of a joint venture with BNP Paribas bank financial institutions, automobile, auto financing operations in the Mainland, pending approval of China Banking Regulatory Commission, expected early next operational, is expected to be profitable within a year, over a three to five years into the profit contribution