Geely plans to build World’s cheapest car

Geely plans to build World’s cheapest car

Recent rumours on the web are all about Geely and its upcoming attempt to produce a car that sells cheaper than the current cheapest Tata Nano. The Chinese automaker has announced that it will be bringing its IG concept to market, and that it will cost a mere $2,250 USD ($3,136 NZ) at current conversion rates. That’s a pretty crazy price but Geely claims that its pint-size econobox will be a higher-quality alternative to what’s currently coming out of India.

The engine is expected to be a 70 horsepower, 1.0-litre unit putting power to the front wheels via a CVT gearbox. The car’s initial sales markets will be China and Russia. The company hasn’t made mention of any fuel economy numbers just yet, but with an engine that size it should be very thrifty.

Geely plans to have the IG in showrooms by 2012, and it’s also possible that an all-electric version will be built not long after.

Recent rumours on the web are all about Geely and its upcoming attempt to produce a car that sells cheaper than the current cheapest Tata Nano. The Chinese automaker has announced that it will be bringing its IG concept to market, and that it will cost a mere $2,250 USD ($3,136 NZ) at current conversion rates. That’s a pretty crazy price but Geely claims that its pint-size econobox will be a higher-quality alternative to what’s currently coming out of India.

The engine is expected to be a 70 horsepower, 1.0-litre unit putting power to the front wheels via a CVT gearbox. The car’s initial sales markets will be China and Russia. The company hasn’t made mention of any fuel economy numbers just yet, but with an engine that size it should be very thrifty.

Geely plans to have the IG in showrooms by 2012, and it’s also possible that an all-electric version will be built not long after.

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