History
Shanghai Maple was established in 2000. Geely acquired a strategic holding in Shanghai Maple in 2002, and in 2008 Shanghai Maple was fully consolidated into Geely as their budget brand.
The first Shanghai Maple vehicle was produced in the summer of 2003, based on the 1990s-era Citroen ZX.
The Maple Marindo was displayed at the 2005 Frankfurt Motor Show.
The export of Shanghai Maple vehicles to Egypt began in 2007, where were marketed as the C51 (saloon) and C52 (saloon with Audi style grille). A sportier R80 hatchback and R81 saloon were exported to markets including Russia and Chile. In 2010 Geely partially phased-out the Shanghai Maple marque, replacing it with the Englon budget brand.
In February 2013, Shanghai Maple and Kandi Technologies announced that they had agreed to establish a 50:50 joint venture, Zhejiang Kandi Electric Vehicles Investment, with an initial registered capital of 1 billion yuan (US$160 million), focused on the research and development, production, marketing and sale of electric vehicles in the Chinese mainland. The joint venture agreement was signed on 22 March 2013.
Read more about this topic: Shanghai Maple Guorun Automobile
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