Geely Auto enters Vietnamese market with Coolray SUV launch [Yahoo! Finance]
GEELY AUTOMBL HL UNSP/ADR (GELYY)
NASDAQ:AMEX Investor Relations:
geelyauto.com.hk/en/announcement.html
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Source: Yahoo! Finance
The move is part of the company's broader expansion into Southeast Asia. In a press release, Geely said it is implementing a "multi-energy" product strategy in Vietnam's automotive sector. The Coolray, their first model in this initiative, has surpassed one million units in sales. Geely Automobile International (GAIC) vice president Evin Ye said: "Our expansion into Vietnam represents a strategic cornerstone of Geely's global vision. We're introducing a diverse product portfolio while building robust local operations to deliver mobility solutions that truly address the unique needs of Vietnamese customers. “Through local manufacturing investment and supply chain collaboration, we aim to contribute to Vietnam's automotive sector, fostering mutual growth
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