2010-07-15 15:02

CHANGCHUN - A spokesman of China's private carmaker Geely said Thursday the company plans to sell two million cars globally by 2015.

Victor Young, Director of Public Relations of Zhejiang Geely Holding Group Co Ltd, said the company has reorganized its research institutes to help the company design more than 40 car models annually before 2015.

"Geely hopes to roll out more new car models faster and more efficiently," Young told Xinhua at an auto exhibition being held in Changchun, capital of northeast China's Jilin province.

In the first half of 2010, Geely sales reached 195,734 units, up 42.1 percent from the same period last year. The company aims to sell 400,000 vehicles for the full year.

The automaker has put 24 cars on show at the 7th China Changchun International Automobile Fair which opened Thursday. More than 900 car models are displayed at the fair.

Geely earlier said it has won approval from the European Union regulators to buy Sweden's iconic Volvo Cars. The company said it expected to finish the acquisition in the third quarter of this year.