For Geely, the Egyptian deal is another step in efforts to push its products out across the world, after announcing last year that it would set up a production hub(轮轴)in Indonesia to target the fast-growing Southeast Asian market. The company plans on selling at least one model in the UK by the end of 2017.
While 2011 was a tough year for car sales (and pretty much everything else) in Egypt, the vehicle market is still a good prospect as a large and increasingly young population fuel long-term economic growth. GB says there are about 30 cars per 1,000 people in Egypt, compared to 128 in China and 109 in Morocco.
GB says the tuk-tuk’s popularity in Egypt’s rural inland and informal urban slums(贫民窟)made it less influenced by a slowdown in the passenger car industry.
And if long-discussed reforms of Egypt lead to higher fuel prices, expect tuk-tuks, powered by something barely larger than a lawnmower (割草机)engine, to become increasingly attractive for urban transport.
1.What is the general idea of the pasasage?
A. China’s Geely is entering Egypt.
B. For Geely, the Egyptian deal is another step.
C. GB covers much of Egyptian car selling.
D. GB will assemble the cars from kits.
2.Which country’s seller of cars is GB?
A. China.
B. Korea.
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