Wednesday, March 3, 2010

Geely in new energy car research, no products soon-chairman

BEIJING, March 3 (Reuters) - China's Geely Automobile Holdings (0175.HK) is researching new energy cars but the automaker sees no new products in next one to two years, the company's chairman said on Wednesday.

Geely Chairman Li Shufu talked to reporters on the sidelines of the opening of the Chinese People's Political Consultative Conference in Beijing.

Its parent company Zhejiang Geely Holding Group is bidding for Ford Motor Co's (F.N) Volvo unit.