Magellan, the fastest-growing GPS brand in the world, has officially launched its products in China, with the introduction of three new products, the Magellan Maestro 3200C, 8200C and 8250C. With this new line of premium and affordable auto navigation devices, Magellan is delivering its U.S. industry-leading quality, performance and service to the Chinese market.
Designed for customers who demand a premium brand with a strong track record of innovation and performance, Magellan products can be found at IT malls in major cities throughout China, including Beijing, Shanghai, Guanghzhou and Shengzen.
“Our entry into China is critical to our commitment of making simple navigation available across the globe and we are thrilled to offer our latest line of leading-edge GPS solutions in one of the most dynamic and fastest-growing markets in the world,” said Nelson Chan, Chief Executive Officer of Magellan. “Our new Chinese language GPS devices allow consumers in China access to detailed guidance to nearly any destination in the 980 cities and provinces and over 5 million Points of Interest (POIs) in the country, more than twice that offered by any other provider. China and other emerging markets present significant growth opportunities for Magellan and with the introduction of superior products we expect to capitalize fully on those opportunities. "
“The global GPS market is exploding and many players are aiming to take a significant part of the market,” said Chris Jones, VP and Principal Analyst, Canalys. “Magellan is one of the leading vendors in the world and in Q2 2007, saw growth three times that of its main competitors. In this fast-changing market it is important to continually offer innovative and accessible products and with this launch Magellan is focused on ensuring its place in the top tier of the market.”
China is expected to represent 3.9 million personal navigation device units in 2010, up from just 400,000 units expected to be sold by the end of 2007, according to Canalys.
Source: Magellan