The Zhejiang-based carmaker, which unveiled its methanol-powered Haifeng last year, will start production this year but “will not in the first half,” Chairman Li Shufu said on the sidelines of the annual sessions of the Chinese People's Political Consultative Conference (CPPCC).
Methanol Haifeng. Click to enlarge.
Geely had earlier said that it would begin mass production of a dual-fuel methanol-gasoline version of its Haifeng sedan by the end of 2008. Earlier that year, Geely introduced a series of CNG dual-fuel vehicles. (Earlier post.)
Geely has set a target of 25% growth in sales for 2009, despite the global economic downturn.
Geely’s vehicle sales grew 20 percent from a year earlier in the first two months this year, Li disclosed. But its overseas sales growth “were almost flat” in the same period because of the global economic downturn, the chairman said. “The growth is relatively low, but I think it will pick up in the coming months,” he said.