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Car Assembly Plant in Subic Bay |
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Written by ABS-CBN
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Friday, 07 December 2007 |
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Chinese automaker Geely Group Co. Ltd. on Tuesday said it plans to put up an assembly plant in the Subic Freeport Zone, for the production of its affordable Geely cars line.
The company, through its local unit Geely Cars Philippines said 2,000 units of its hatchback and sedan models will be shipped through Subic, for dealers and customers in Metro Manila, Pampanga, Bulacan and Pangasinan.
The cars are priced at P387,000 for the 1.1-liter MR hatchback, and P489,999 for the 1.3-liter CK sedan—will be brought to the Subic distribution hub tax-paid, just like the car fimports of mainstream distributors.
The firm plans to eventually open 12 dealerships in the country by next year.
Apart from this, it is also planning a separate assembly plant in Subic for its semi-knock down units to take advantage of the incentives being offered by the Subic Bay Metropolitan Authority (SBMA).
Geely cars, which are manufactured by the China-based Geely Group Co. Ltd., are being positioned in the Philippines for the B, C and D income brackets, which comprise 75 percent of the firm’s market. ABS-CBN website.
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