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Chinese manufacturer Geely plans to make world’s cheapest car

Beijing, May 19 (DPA) Chinese manufacturer Geely plans to unveil a budget city car which would cost less than the Indian-made Tata Nano. The new Geely IG would sell for around $2,250 when it goes on sale in China in 2012. That compares to an asking price of between $2,700 and $3,800 for the Nano in India.

[ReviewAZON asin=”0896899713″ display=”inlinepost”]The basis of the new Chinese runabout is the flamboyant Geely IG showcar, recently shown in Beijing. However, the new model will not share that concept’s innovative, upwardly-hinged ‘gull-wing’ doors.

Geely, which recently bought Swedish marque Volvo from Ford, says its new subcompact will also be built to a higher quality standard than the Nano.

The four-seat mini is likely to be powered by a one-litre petrol engine generating 70 horsepower and mated to a five-speed gearbox. Geely has pencilled in an electric version using a lithium-ion battery, but this is unlikely to materialise until 2015.

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