Geely’s annual sales volume for cars sold to overseas buyers is expected to reach 40 000 to 50 000 units in 2011, about twice as many as that of last year, Gui Yuesheng, executive president of the Geely Holding Group, has disclosed at a shareholders meeting.

The Chinese carmaker exported 20 555 vehicles in 2010. At present, Geely cars are mainly exported to developing nations like Russia and other Asian countries, as well as Australia and South Africa, but by utilising its current platform, the company is seriously considering potential expansion into the American and European markets, according to Gui.

Last year, sales from overseas accounted for five percent of the total 415 800 units sold by the firm.

For 2011, Geely has set its sales target at 480 000, a 15 percent increase. “We are confident we will achieve the sales target this year,” said Gui.

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