Manufacturing News

Geely enters small, entry-level crossover market

Geely Automobile Holdings has started selling what may be China's lowest priced crossover to explore consumer demand in the fast-growing segment.

The Vision X3 subcompact crossover is priced from 50,900 yuan ($7,700) to 65,900 yuan. It went on sale last week at the Chengdu auto show in southwest China.

It is 4,005 mm (157.7 inches) long, 1,760 mm wide and 1,575 mm tall, with a wheelbase of 2,480 mm.
It has a 1.5-liter gasoline engine combined with a five-speed manual or four-speed automatic transmission.

The Vision X3 will compete with inexpensive small crossovers such as the Baojun 510, produced by SAIC-GM-Wuling Automobile Co. The Baojun 510’s starting price is 54,800 yuan.

Baojun has prospered with a mix of entry-level crossovers, sedans and multipurpose vehicles aimed at China’s fast-growing interior market.

Boosted by strong demand for entry-level models, China’s sales of crossovers and SUVs this year through July rose 17 percent year on year to 5.2 million vehicles.

Geely has gotten a big lift from that segment. On demand for three compact crossovers -- the Boyue, Vision and Emgrand GS -- Geely deliveries through July surged 89 percent from a year earlier to 621,731 vehicles.

Geely, headquartered in the east China city of Hangzhou, is listed in Hong Kong. Its corporate parent, Zhejiang Geely Holding Group, also owns Volvo Car Corp.

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