Geely

This article is about the conglomerate holding company. For the car brand and subsidiary, see Geely Auto.

Zhejiang Geely Holding Group Co., Ltd.
Company typePrivate
IndustryAutomotive
Founded
  • 6 November 1986; 38 years ago (1986-11-06)[1]
    in Taizhou, Zhejiang, China
  • 24 March 2003; 21 years ago (2003-03-24) (as ZGH)
FounderLi Shufu
HeadquartersBinjiang District, Hangzhou, Zhejiang, China
Area served
Worldwide
Key people
  • Li Shufu (chairman)
  • An Conghui (president)
ProductsAutomobiles, motorcycles, engines, transmissions
Production output
Increase 2.79 million vehicles (2023)[2]
RevenueIncrease US$60.40 billion (2022)[3]
Increase US$945 million (2022)[3]
Total assetsIncrease US$81.29 billion (2022)[3]
Total equityIncrease US$13.01 billion (2022)[3]
OwnerLi Shufu
Number of employees
131,517 (2022)[3]
Subsidiaries
List
Chinese name
Simplified Chinese浙江吉利控股集团有限公司
Traditional Chinese浙江吉利控股集團有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinZhèjiāng Jílì Kònggǔ Jítuán Yǒuxiàn Gōngsī
Websitezgh.com
Footnotes / references
in consolidated financial statement; shareholders' equity figure excluded perpetual bond[11]

Zhejiang Geely Holding Group Co., Ltd. (ZGH), commonly known as Geely Holding (/ˈdʒiːli/ ; Chinese: 吉利控股; pinyin: Jílì Kònggǔ), is a Chinese multinational conglomerate headquartered in Hangzhou, Zhejiang. The company is privately owned by Chinese entrepreneur Li Shufu, and mainly engaged in the automotive industry.

Geely was founded 1986 as a refrigerator parts company, before transitioning to motorcycles in 1994 and entering the automotive industry in 1997. ZGH as a holding company was founded in 2003. As of 2023, the company ranks 225 in the 2023 Fortune Global 500 list of the world's largest companies.[3] In 2023, the group produced a total of 2.79 million vehicles globally, including 980,000 plug-in electric vehicles.[2]

The company manufactures and sells vehicles under the brands of Geely and Lynk & Co, which are part of the Geely Auto Group business unit, along with its subsidiaries and joint ventures such as Zeekr, Volvo Cars, Polestar, Proton, Smart and Lotus, as well as commercial vehicles under the London EV Company, Radar Auto and Farizon brands. It produces motorcycles under its subsidiaries Zhejiang Geely Ming Industrial (Jiming and Geely), Qianjiang Motorcycle (QJMotor and Keeway), and Benelli. It also holds a 17% stake in Aston Martin and owns half of Horse Powertrain, an engine manufacturing joint venture with Renault.[12][13]

Geely is a phonetic transliteration of the company's native name 吉利 (pinyin: Jílì), which means "auspicious" or "propitious" in Chinese.[14]

Overview

[edit]

Geely entered the automotive industry in 1997, but only officially received national production license in November 2001.[15] Following a restructuring of Geely, ZGH was established as a holding company largely owned by Li Shufu in March 2003. ZGH acquired the Swedish passenger car maker Volvo Cars from Ford Motor Company in 2010.[16] It completed the acquisition of British taxi maker Manganese Bronze Holdings in 2013 and restructured it into London Electric Vehicle Company.[17] In 2017, ZGH acquired a majority stake in British sports carmaker Lotus Cars in 2017.[18]

ZGH's business is divided into five business units: Geely Auto Group which includes the brands Geely Auto, Lynk & Co, and Proton Holdings; Volvo Car Group which includes the brands Volvo Cars and Polestar; Geely New Energy Commercial Vehicle Group which include the brands London Electric Vehicle Company and Yuancheng (Farizon); Geely Group (New Business) which includes the brands Caocao, Terrafugia, Qianjiang Motorcycle, Joma, and other new businesses; and Mitime Group (铭泰集团; Míngtài Jítuán) which includes ZGH educational institutions, motorsports business, and tourism business.

Its global operations span the automotive value chain, from research and development and design to production, sales and service.[19]

Zhejiang Geely Holding automotive divisions[20]
Subsidiary Business unit Subsidiaries/brands
Geely Automobile Holdings Geely Auto Group
Zeekr Intelligent Technology
Volvo Car Group
Lotus Group
  • Lotus Cars(JV)
  • Lotus Technology(JV)
Geely Qizheng New Energy Vehicle Livan[24]
Smart Automobile Smart(JV)[25][26]
LEVC London Electric Vehicle Company
Geely New Energy Commercial Vehicle Group
  • Farizon Auto
  • Hanma Technology(JV)
  • Ou Ling Auto
  • Green Intelligent Link
  • Oneworld Technology
(JV) = joint venture

History

[edit]
See also: Geely Auto § History

Geely was established in 1986 in Ningbo, Zhejiang by Li Shufu as a refrigerator parts manufacturer located in Taizhou, Zhejiang. To start the company, Li Shufu had to borrow funds from his family.[14][27] In 1994, Geely transitioned into the motorcycle industry by acquiring a state-run firm, and started producing China's first scooter.[28]

In 1997, Geely completed the construction of relevant factories and initial investment preparations to enter the automobile industry. This made Geely the first private automobile company in China, whereas other carmakers are state-owned enterprises such as Chery. Geely's first car, the Geely Haoqing, rolled off the assembly line in Linhai, Zhejiang on 8 August 1998. However, Geely did not obtain its national production license until 9 November 2001, which delayed mass production until 2002.[29] By 2002, the brand was ranked among the top ten in the Chinese automobile market.[29]

In 2002, Geely was restructured from being a family-operated entity to a joint-stock company managed by professional management. On 24 March 2003, Zhejiang Geely Holding Group Co., Ltd. (ZGH) was established with a registered capital of CN¥930 million.[30] In January 2004, Li Shufu bought controlling shares in Guorun Holdings Co., Ltd., a company listed on the Hong Kong Stock Exchange under the trading code 0175HK.[31] In March 2004, Guorun was renamed Geely Automobile Holdings Limited, a company under ZGH, retaining the same trading code.[32] This strategy was seen as Geely's "backdoor" entry into the Hong Kong stock market, providing a means to raise funds for the company.[33][34][32]

In 2006, Geely bought a 19.97 percent equity stake in British company Manganese Bronze Holdings, the manufacturer of London black cabs. Both companies started a £53 million joint venture to produce the black cabs in China, with Geely holding 52 percent and the British company 48 percent.[35][36] The company has since reduced costs by producing parts in China. In February 2013, ZGH fully acquired Manganese Bronze Holdings for £11.04 million, after the British company entered administration due to lack of funding.[37][38] ZGH established a new company under its British subsidiary called The London Taxi Corporation, later renamed London Electric Vehicle Company, to resume assembly of the London black cab in Coventry, UK.[39][40]

In 2009, Geely bought an Australian transmission company Drivetrain Systems International (DSI), at that time the second largest automatic transmission manufacturer for A$70 million. In 2014, Geely sold 90% of its stake in DSI to multiple other Chinese companies after the company suffered losses.[41]

Purchase of Volvo Cars (2008–2010)

[edit]
Volvo Cars Chinese headquarter in Hangzhou, next to Geely's headquarter

Following continuing losses in that year, Ford Motor Company offered Volvo Cars for sale in December 2008.[42] On 28 October 2009, Ford confirmed that, after considering several offers, the preferred buyer of Volvo Cars was ZGH.[43][44] On 23 December 2009, Ford confirmed the terms of the sale to ZGH had been settled. A definitive agreement was signed on 28 March 2010 for US$1.8 billion. The European Commission and China's Ministry of Commerce approved the deal on 6 and 29 July 2010, respectively. The deal closed on 2 August 2010 with Geely paying $1.3 billion cash and a $200 million note.[45][46] At the time of the purchase, is the largest overseas acquisition by a Chinese automaker.[47]

This acquisition facilitated Volvo's recovery and brought significant technological and managerial advancements to Geely. Under Geely ownership, Volvo Cars has developed a new line of 3- and 4-cylinder diesel and petrol engines to replace larger engines. It has also developed a new vehicle platform called the Scalable Product Architecture (SPA). Sales reached 500,000 vehicles in 2015 for the first time in the brand's history, and continued to over 700,000 in 2023.[48][49] Both company jointly developed engines and platforms, notably the Compact Modular Architecture platform that is used by Volvo, Geely and Lynk & Co vehicles. Improving technical expertise and a sophisticated production management system led to a significant sales surge for Geely from 2010 onwards.[50]

Further acquisitions and brand establishments (2016–present)

[edit]

In October 2016, Geely Auto released its new brand called Lynk & Co in Berlin, Germany, which is intended to bridge the gap between Geely and Volvo brands. The brand was launched with three production models, all based on the Compact Modular Architecture (CMA).[51] In August 2017, ZGH, Geely Automobile Holdings and Volvo Car Group signed an agreement at Geely Auto's Hangzhou Bay R&D Center to establish the Lynk & Co joint venture. Geely Auto controls 50% of Lynk & Co, Volvo Cars held 30%, and ZGH held the remaining 20%.[52]

In May 2017, ZGH purchased a 51% controlling-stake in Lotus Cars from its owner, DRB-HICOM, the largest shareholder of Malaysian carmaker Proton Holdings.[53][6] The remaining 49% were acquired by Etika Automotive, a holding company of Proton's major shareholder Syed Mokhtar Albukhary.[54] Proton had owned Lotus since 1996, and largely struggled to turn the fortunes of the sports car maker around. ZGH also purchased a 49.9% stake in Proton Holdings, which was agreed on 23 June 2017 and finalised on 29 September 2017.[55][56] The purchase was seen to facilitate future export growth in right-hand drive markets, and making inroads into the lucrative ASEAN region.[57][58] Proton confirmed that it would not downsize its workforce following its deal with Geely.[59]

In July 2017, the company purchased Terrafugia, an American maker of flying cars.[60] In November 2017, ZGH announced completion of the Terrafugia acquisition, including approval from all relevant regulators.[61]

In October 2017, Volvo Cars and ZGH announced that Polestar, a performance and tuning brand owned by Volvo Cars, would become a standalone brand focusing on electric cars.[62] Polestar introduced its first product, the Polestar 1 coupé on 17 October 2017. The car was produced at the Polestar Production Centre in Chengdu, China.[63] Following an initial public offering, Polestar shares began trading on the Nasdaq exchange under the symbol PSNY on 24 June 2022.[64][65]

In December 2017, ZGH invested €3.25 billion into Swedish truck and construction company Volvo Group, a former parent company of Volvo Cars.[66] The deal made ZGH the biggest shareholder by number of shares with an 8.2% stake, and second by voting rights, with 15.6%.[66]

In September 2019, ZGH led a round of private funding for Volocopter that raised $55 million for the company. Volocopter's other private investors also include Daimler AG which owns a stake in the company.[67]

In late July 2020, it was announced that the Xingma Group had agreed to transfer a 15.2% stake of its shares in the Ma'anshan-based heavy truck manufacturer Hualing Xingma to Geely New Energy Commercial Vehicle Group, a wholly owned subsidiary of ZGH. After the transaction, Geely New Energy Commercial Vehicle Group would become the de facto controlling shareholder of Hualing Xingma.[68]

In February 2020, Volvo Cars and Geely started formal discussions about a proposed merger of both businesses. In the existing arrangement, Volvo Cars has been allowed autonomy with its resources despite being fully owned by ZGH.[69] These merger talks were later halted, and 18% of Volvo Cars shares were listed on the Nasdaq Stockholm stock exchange in October 2021.[70]

In March 2021, ZGH launched the Zeekr brand for premium electric vehicles. Its first model, the Zeekr 001 was launched in April 2021, and deliveries began in October 2021.[71] In May 2024, Zeekr filed its initial public offering (IPO) on the New York Stock Exchange. Zeekr raised around US$441 million, making it the largest IPO of a Chinese company since 2021.[72]

In February 2024, Volvo Cars announced its plan to reduce its stake in Polestar by the third quarter of 2024 from currently 48.3% to around 18% by ceding it to ZGH.[73][74]

Taizhou Declaration and restructuring

[edit]

In September 2024, Li Shufu, the founder of the Geely, released the "Taizhou Declaration", announcing that the company has entered a new stage of strategic transformation that Geely would promote the integration of internal resources, further clarify the positioning of each brand, straighten out equity relationships, reduce conflicts of interest and duplication of investment, and improve resource utilization efficiency. [75][76]

In October 2024, As the first step in this strategy, Geely announced to merge all the Geely Geometry dealership into Geely Galaxy dealership, further integrate its brand portfolio and sales channel.[77]

In November 2024, Geely Holding Group (Geely) announced to transfer its 11.3% stake in Zeekr Intelligent Technology (Zeekr) to Geely Automobile Holdings (Geely Auto). Geely Auto's shareholding ratio in Zeekr increased to 62.8%.[78][79]

Zeekr announced to purchase 20% stake of Lynk & Co from Geely Auto for 3.6 billion yuan and acquire Volvo Car's 30% stake in Lynk & Co for 5.4 billion yuan.[80] This made Zeekr hold 51% of Lynk & Co in total, while the remaining 49% of Lynk & Co shares continues to be held by Geely Auto.[78][79]

The electric pickup brand Radar Auto has been consolidated into Geely Auto.[81][82]

Shareholding and partnerships with Daimler/Mercedes-Benz (2018–present)

[edit]
Smart #1 and Smart #3 electric cars in a showroom in a mall in Shenzhen

In 2018, Li Shufu through his investment company Tenaciou3 Prospect Investment Limited purchased a 9.7% stake in Daimler AG (now Mercedes-Benz Group), owner of the Mercedes-Benz and Smart brands.[83] As of 2024, Li Shufu is the second largest Mercedes-Benz AG shareholder after BAIC Group.[84]

In January 2020, ZGH and Daimler AG announced a 50-50 joint venture to develop and operate the Smart brand as a global electric vehicle brand. The venture, later named Smart Automobile Co., Ltd. is headquartered in Ningbo, Zhejiang. It has a registered capital of CN¥5.4 billion, with each company contributing CN¥2.7 billion.[85] The new all-electric Smart model from this joint venture was launched globally in 2022 as the Smart #1, previously showcased as the Concept #1 at the 2021 Munich Motor Show.[86] Smart electric vehicles from the partnership are based on the Sustainable Experience Architecture (SEA) electric vehicle platform developed by Geely.[87]

Renault partnerships (2021–present)

[edit]

In August 2021, ZGH through its subsidiary Geely Auto formed a strategic partnership with Renault.[88] In January 2022, the two companies signed an agreement by which Renault's South Korean subsidiary, Renault Korea Motors, would produce vehicles based on Geely Compact Modular Architecture platform,[89][90] initially intended for the domestic market. As of January 2022, production was slated to start by 2024.[91] In May 2022, Renault said a Geely subsidiary was set to acquire a 34% stake of Renault Korea Motors through capital increase as part of their partnership, although the company would continue to be majority owned by Renault and a consolidated subsidiary of it.[92][93] In November 2022, Renault said it plans to combine its powertrain production and development operations (including internal combustion engines and hybrid systems) with Geely's into a joint venture holding company with both as co-owners.[94][95] The joint venture was officially established in late May 2024 as Horse Powertrain Limited, headquartered in London, United Kingdom.[96]

Baidu partnership (2021–present)

[edit]
Main article: Jidu Auto

In January 2021, ZGH announced a deal to create an electric vehicle joint venture together with Baidu, a Chinese multinational technology company specializing in Internet-related services, products, and artificial intelligence (AI). Baidu would develop the electric car's software while Geely would manufacture the car.[97][98] The companies formed Jidu Auto in the same year, combining elements of both company names. Later, in August 2023, they launched the Ji Yue brand, with Geely owning 65% and Baidu 35%. Ji Yue is a subsidiary of Geely Group that was formed to circumvent restrictions on car manufacturing qualifications. Jidu Auto now focuses on technology solutions, including product design and AI development, for Ji Yue vehicles.[99][100][101]

Automotive divisions and products

[edit]

Automobile brands

[edit]

Geely

[edit]
Main article: Geely Auto

Geely Auto is Geely Group's original and mainstream brand, primarily sold in China and select overseas markets. It has an electric vehicle product line, the Geely Galaxy for premium EV/PHEV.

Geely Galaxy

[edit]
Main article: Geely Galaxy

Geely Galaxy (Chinese: 吉利银河)[102] is Geely's mass-market[103] range of new energy vehicles (plug-in hybrid and battery electric vehicles) that was established in February 2023. In October 2024, the Geely Geometry line has been merged with Geely Galaxy.[104][105][106][107]

Radar Auto

[edit]
Main article: Radar Auto

Radar Auto (Chinese: 雷达汽车) is a battery electric pick-up truck brand owned by ZGH. The brand's first vehicle, the Radar RD6, was unveiled in 2022.[108] The brand was consolidated into Geely Auto in November 2024.[81]

  • Radar RD6
    Radar RD6

Polestar

[edit]
Main article: Polestar

Polestar is a publicly traded electric car brand established in Sweden under the Volvo Cars Group. Polestar was initially 50.5% owned by ZGH and 49.5% by Volvo Cars.[109]

Zeekr

[edit]
Main article: Zeekr

Zeekr (Chinese: 极氪) is a premium battery electric vehicle brand of ZGH owned by Geely Automobile Holdings. The company is listed on the New York Stock Exchange since May 2024.[72]

The brand was founded in 2021 as an offshoot of Lynk & Co, as its first vehicles were meant to be Lynk & Co models.[110] However after a major shareholding restructuring in 2024, it holds 51% of Lynk & Co currently.

Lynk & Co
[edit]
Main article: Lynk & Co

Lynk & Co (Chinese: 领克) was established in 2017 that uses technology developed jointly by Volvo Cars and Geely Auto.[111] Before 2024, It was owned 50% by Geely Auto, 30% by Volvo Cars, and 20% by ZGH. It currently 51% owned by Zeekr and 49% owned by Geely Auto after restructuring.

Proton

[edit]
Main article: Proton Holdings

Proton is a national car brand of Malaysia, established in the 1980s at the behest of the government and later reverted to private ownership under DRB-HICOM.[112] Since 2017, the brand is owned 49.9% by ZGH and 50.1% by DRB-HICOM. Its first Geely-based vehicle, also the carmaker's first-ever SUV, the Proton X70 was introduced in Malaysia in December 2018. It is based on first-generation Geely Boyue.[113]

In July 2023, after the internal restructuring in Geely Group, the Proton brand was consolidated into the balance sheets of Geely Auto.[114]

Volvo Cars

[edit]
Main article: Volvo Cars

Volvo Cars is owned 78.7% by ZGH (post Volvo Cars IPO).[7] ZGH acquired Volvo Cars from Ford Motor Company in 2010.[16]

Livan/Maple

[edit]
Main articles: Livan Automotive and Shanghai Maple

The Maple brand name originated with Shanghai Maple Automobile, a Geely subsidiary established in 1999 and phased out in 2010.[115] The brand was temporarily revived in 2020 by launching its first EV, the Maple 30X. In 2022, Geely launched the joint venture between Lifan and Maple called Livan (Chinese: 睿蓝), and the previous Maple products were reconsolidated into Livan.

Lotus

[edit]
Main article: Lotus Cars

Lotus Cars is a British carmaker established in 1948 that produces sports and racing cars. It is owned 51% by ZGH since 2017, while the rest is owned by Etika Automotive.[116]

Farizon

[edit]
Main article: Farizon Auto

Farizon Auto (Chinese: 远程汽车) was established in 2016 to focus on the development and sales of electric commercial vehicles.

  • Farizon Xingzhi H8E
    Farizon Xingzhi H8E
  • Farizon SV
    Farizon SV
  • Farizon Xingxiang
    Farizon Xingxiang

Farizon also has a sub-brand called Ouling (Chinese: 欧铃) selling gasoline-powered lower end micro trucks.

  • Ouling Fengrui F3
    Ouling Fengrui F3

LEVC

[edit]
Main article: London EV Company

London Electric Vehicle Company (LEVC) is a brand owned by ZGH that produces and sells electric black cabs. It adopted its current name in 2017 to reflect its new mission of developing and producing electric commercial vehicles. It was previously known as The London Taxi Company, which has roots from Manganese Bronze Holdings, the original manufacturer of black cabs that Geely acquired in 2013. With a new factory in Ansty Park, near Coventry, it has begun production of a new generation of zero-emission-capable new taxi vehicle in late 2017.[117]

  • LEVC TX
    LEVC TX
  • LEVC VN5
    LEVC VN5
  • LEVC L380
    LEVC L380

Ji Yue / Jidu Auto

[edit]
Main article: Jidu Auto
Main article: Ji Yue

Jidu Auto (Chinese: 集度) is a joint venture between ZGH and Baidu that would be engaged in the production of electric vehicles in different segments starting in 2022.[118] Jidu Auto is owned 55% by Baidu and 45% by Geely.

The Ji Yue (Chinese: 极越) brand was established in August 2023 as the second collaboration between ZGH and Baidu. Ji Yue is 65% owned by ZGH and 35% by Baidu, making it a subsidiary of ZGH. Due to Chinese government policies, Baidu as the controlling company of Jidu, could not obtain the qualification to manufacture cars. Establishing Ji Yue allowed ZGH to be the controlling company, circumventing these restrictions. Jidu Auto has since become a technology solutions company focused on developing AI driving technology for Ji Yue and will no longer operate as an independent car brand.[101][119] With the launch of the new Ji Yue brand, the previous Jidu Robo-01 was renamed Ji Yue 01, and the Ji Yue brand inherited the logo originally created for Jidu Auto.[120]

Smart

[edit]
Main article: Smart (marque)

In 2020, Mercedes-Benz and ZGH established the Smart brand as a global joint venture, targeting at producing battery electric vehicles in China and selling it globally.[121] In 2022, the joint venture launched its first model Smart #1.

Discontinued automobile brands

[edit]

Motorcycle brands

[edit]

Qianjiang Motorcycle

[edit]
Main article: Qianjiang Motorcycle

Qianjiang Motorcycle is one of the largest manufacturers of two-wheeled vehicles in China. Since September 2016, the majority shareholding (29.8%) of the company has been controlled by the Geely Group. The vehicles are sold under four brands: QJiang, QJMotor, Benelli, Keeway Motors and KSR Moto.

Benelli

[edit]
Main article: Benelli (motorcycles)

Benelli is a subsidiary that produces motorcycles and scooters. Design, development and marketing activities are carried out at the Benelli QJ headquarters in Pesaro, Italy, with production occurring in Wenling, China, for sale globally.

Geely Ming Industrial/Jiming

[edit]
Main article: Geely Ming Industrial

Zhejiang Geely Ming Industrial Co., Ltd., common known as Geely Ming, or GM Motor, is a motorcycle manufacturer subsidiary founded in 1995 with registered office in Zhejiang province. The vehicles are sold under two brands: Jiming and Geely Motorcycle.

International investments and holdings

[edit]

Mercedes-Benz Group (9.69% stake)

  • Li Shufu, the founder and chairman of Geely, acquired a 9.69% stake of Mercedes-Benz Group in February 2018, making it the company's largest single shareholder.[122]

Aston Martin (17% stake)

Volvo Group (6.8% stake)

  • In 2017, Geely acquired an 8.2% stake of Volvo AB, which is also about 15% of votes.[129][130]
  • In January 2024, Geely announced to reduce its holdings in Volvo Group by 685 million USD. The stake has been lowered from 8.2% to 6.8%. Despite the reduction, Geely remains the second-largest shareholder in Volvo Group.[131]

Renault Korea (34.02% stake)

  • In 2022, Geely invested over US$200 million to acquire a 34.02% stake in a joint venture in South Korea between Renault and the Samsung Group. The company plans to produce vehicles based on the Geely's Compact Modular Architecture platform, initially intended for the Korean domestic market.[132]

Horse (45% stake)

Drivetrain Systems International (divested)

Non-automotive businesses

[edit]

Geely Technology Group

[edit]
  • Caocao Chuxing  (曹操出行) – Caocao Chuxing is a ride-hailing service that was developed by Hangzhou Youxing Technology Company and majority owned by ZGH. It is the first Chinese new energy-focused mobility service.
  • Terrafugia – Terrafugia was founded in 2006 targeting at roadable aircraft. The company was acquired in full by ZGH in 2017.
  • Zhejiang Qianjiang Motorcycle Group Co – Qianjiang Motorcycle (钱江摩托) was majority acquired by ZGH in 2016. The company is one of the largest producers of motorcycles in China and owns several renowned brands including Italy's Benelli. It is also known for its lithium battery technology.[135]
  • Geespace plans to create a network of low earth orbit satellites that will send precise positioning information to self-driving cars.[136]

Mitime Group

[edit]

Mitime Group was established in 2004 and is affiliated to ZGH. It focuses on investment and operation management of higher education, sports, cultural tourism and other businesses. The group consists of three departments: Mitime Speedpark, Mitime Sports and Mitime Cultural Tourism.[137]

  • Mitime Speedpark – Investment and development of motor speedparks around the world. They have already constructed multiple race circuits in China and abroad and currently operate tracks in Ningbo, Chengdu, and North America.
  • Mitime Motorsports – Mitime constructs and operates race tracks for automobiles, motorcycles, and karts around the world. Mitime also organizes motorsport events such as China F4 Championship.
  • Mitime Tourism – Mitime facilitates tourism and manages hospitality services around its tracks.

Meizu

[edit]
Main article: Meizu

In June 2022, Geely acquired a majority stake of Meizu, a Chinese consumer electronics manufacturer based in Zhuhai, Guangdong.[138]

Geely Talent Development Group

[edit]
Beijing Geely University

Previously known as Mitime Education, a subsidiary of Mitime Group, the Geely Talent Development Group is the education branch of Geely to cultivate talents for the automotive industry. Geely has established 9 higher education institutions and more than 10,000 student graduate from Geely's schools each year.

  • Beijing Geely University – a private university located in Beijing
  • Xiangtan Institute of Technology
  • Zhejiang Automobile Vocational and Technical College
  • Hunan Geely Automobile Vocations and Technical College

Technologies

[edit]

Vehicle platforms

[edit]

Many of Geely's subsidiaries produce vehicles using shared architectures. Some examples include:

Production facilities

[edit]
Part of an assembly line at a Geely plant in Ningbo, Zhejiang, in 2011

Headquartered in Hangzhou, Zhejiang, Geely has production bases in Lanzhou, Gansu (completed in 2006, Geely construction in the region continued as of August 2010 either for expanding the existing facility or for a new semi-complete knock-down factory); Xiangtan, Hunan;[139] an unnamed location 40 minutes south of Shanghai;[140] Jinan, Shandong; and at Linhai, Luqiao, and Ningbo in Zhejiang.[141]

There are overseas factories assemble Geely models probably from semi-complete or complete knock-down kits.[citation needed] Such facilities are or have been located in Indonesia, Sri Lanka (in collaboration with Micro Cars),[142][143] Malaysia, Russia (assembly controlled by local firm Derways), Belarus (BelGee),[144] Azerbaijan (NAZ), Tunisia,[145] and Ukraine. These locations are not necessarily affiliated with or owned by Geely.

Sales

[edit]

Figures

[edit]
Geely domestic sales in China, 2003–2020[146]
Calendar year Sales Growth Market share
2003 73,779 N/A Increase 3.44%
2004 98,283 Increase 33.21% Increase 3.99%
2005 143,279 Increase 45.78% Increase 4.45%
2006 205,346 Increase 43.32% Increase 4.89%
2007 219,512 Increase 6.90% Decrease 4.16%
2008 221,786 Increase 1.04% Decrease 4.08%
2009 329,018 Increase 48.35% Decrease 3.98%
2010 414,465 Increase 25.97% Decrease 3.70%
2011 432,752 Increase 4.41% Decrease 3.52%
2012 491,445 Increase 13.56% Increase 3.72%
2013 549,393 Increase 11.79% Decrease 3.37%
2014 425,773 Decrease -22.50% Decrease 2.31%
2015 532,384 Increase 25.04% Increase 2.64%
2016 778,896 Increase 46.30% Increase 3.30%
2017 1,251,656 Increase 60.70% Increase 5.16%
2018 1,382,119 Increase 10.42% Increase 5.96%
2019 1,255,480 Decrease -9.16% Decrease 5.93%
2020 1,134,433 Decrease -9.50% Decrease 5.77%
Geely Group sales[147][148][149][150][151][152][153]
Year Total Geely Automobile Holdings Livan/Maple Zeekr Volvo LEVC Farizon Lotus Ji Yue Smart[154] Zhidou
Geely Geely Geometry Geely Galaxy Radar Proton[155] Zeekr Polestar Lynk & Co
2010 425,194 425,194 - - - - discontinued - - - - - - - - - -
2011 857,006 452,161 - - - - - - - 404,735 - - - - - -
2012 905,083 527,918 - - - - - - - 377,165 - - - - - -
2013 979,691 617,484 - - - - - - - 362,207 - - - - - -
2014 878,818 499,165 - - - - - - - 379,653 - - - - - -
2015 1,025,287 578,517 - - - - - - - 421,374 - - - - 25,395
2016 1,333,077 809,079 - - - - - - - 503,706 - 1,961 - - - 20,292
2017 1,938,057 1,273,837 - - - 70,991 - - 6,012 536,905 - 6,228 1,600 - - 42,484
2018 2,276,846 1,401,819 - - - 64,744 - - 120,414 666,586 1,293 5,024 1,630 - - 15,336
2019 2,194,145 1,245,168 12,662 - - 100,183 - - 128,066 694,831 2,507 7,313 1,320 - - 2,095
2020 2,150,134 1,166,920 10,300 - - 109,716 2,620 - 9,853 175,456 667,159 1,118 5,265 1,378 - - 349
2021 2,189,409 1,046,186 55,320 - - 114,708 4,945 6,007 21,940 220,516 698,693 392 18,980 1,710 - - 12
2022 2,312,613 975,391 149,389 - undisclosed 141,432 56,140 71,941 51,500 180,127 615,121 2,508 59,211 641 - 9,212 discontinued
2023 2,790,000 1,034,737 191,346 83,497 undisclosed 154,611 38,001 118,685 54,600 220,250 708,716 undisclosed 84,312 6,970 774 70,000

Other activities

[edit]

In 2015, the manufacturer announced that it would invest $45.5 million over three years in the Icelandic company Carbon Recycling International to "collaborate on the deployment of renewable methanol fuel production technologies and vehicles running 100% on methanol in China, Iceland, and other countries".[156]

See also

[edit]

References

[edit]
  1. ^ "History 1986–now". Archived from the original on 18 March 2017. Retrieved 26 June 2021.
  2. ^ a b "吉利控股集团2023年总销量约279万辆". 媒体中心 - 浙江吉利控股集团有限公司 (in Simplified Chinese). Retrieved 17 April 2024.
  3. ^ a b c d e f "Zhejiang Geely Holding Group". Fortune. Retrieved 17 April 2024.
  4. ^ Norihiko Shirouzu, Heekyong Yang (10 May 2022). "China's Geely buys stake in Renault Korea, eyeing US exports". Reuters. Retrieved 5 January 2023.
  5. ^ "Geely buys stake in Renault Korea, eyeing U.S. exports". Automotive News Europe. 10 May 2022. Retrieved 5 January 2023.
  6. ^ a b Anthony Lim (24 May 2017). "DRB-Hicom to sell Lotus in its entirety for £100 million – Geely to acquire 51%, Etika Automotive to buy 49%". Driven Communications. Archived from the original on 27 May 2017. Retrieved 27 May 2017.
  7. ^ a b Peter Campbell, Donato Paolo Mancini (17 November 2023). "Volvo shares sink after Geely cuts stake". Financial Times. Retrieved 10 November 2024.
  8. ^ Cathcart, Alan (12 March 2018). "Volvo owner Geely buys major stake in Benelli owner Qianjiang". DriveMag Riders. Retrieved 5 January 2023.
  9. ^ "Volocopter announces joint venture with Geely subsidiary Aerofugia". electrive.com. 22 September 2021. Retrieved 5 January 2023.
  10. ^ "Chinese smartphone brand Meizu sold to carmaker Geely as smart vehicles become latest frontier for Big Tech". 14 June 2022.
  11. ^ "2016 nián nián dù bào gào" 2016年年度报告 [2016 Annual Report] (in Chinese (China)). Geely Holding. 28 April 2017. Retrieved 15 April 2018 – via Shanghai Clearing House website.
  12. ^ "Aston Martin Attracts Chinese Carmaker Geely as Shareholder". Bloomberg.com. 30 September 2022.
  13. ^ "Aston Martin appoints Geely CEO to board". Automotive News Europe. Retrieved 26 April 2024.
  14. ^ a b "SPECIAL REPORT-Saving Volvo:Geely buys brand and management test". Reuters. 22 July 2010.
  15. ^ "Geely's Li Shufu is betting billions on global push". Yahoo! Finance. 26 February 2018. Retrieved 4 January 2019.
  16. ^ a b "For Volvo, a New Life Under Chinese". The Wall Street Journal. Dow Jones & Company Inc. 29 March 2010. Retrieved 19 December 2021.
  17. ^ Murphy, Colum; Sonne, Paul (1 February 2013). "Geely Buys Maker of London Cabs". The Wall Street Journal. ISSN 0099-9660. Retrieved 13 February 2017.
  18. ^ Eusoff, Neily Syafiqah (29 September 2017). "China's Geely to hold Proton and Lotus shares, says DRB-Hicom". The Edge Markets. Retrieved 13 July 2018.
  19. ^ "The Group at a Glance". zgh.com. Archived from the original on 26 May 2019. Retrieved 4 January 2019.
  20. ^ "Our Business – Zhejiang Geely Holding Group". Archived from the original on 10 September 2021. Retrieved 10 September 2021.
  21. ^ Gerard Lye (24 May 2017). "Geely to acquire 49.9% stake in Proton, 51% in Lotus – definitive agreement to be signed before end of July". Driven Communications. Archived from the original on 4 August 2019. Retrieved 27 May 2017.
  22. ^ Julie Zhu, Scott Murdoch (12 December 2022). "Exclusive: Zeekr, a premium Geely electric car brand, seeks over $1 billion in U.S. IPO - sources". Reuters. Retrieved 5 January 2023.
  23. ^ Hawkins, Andrew J. (27 September 2021). "Electric car company Polestar is going public via SPAC". The Verge. Retrieved 5 January 2023.
  24. ^ "吉利为何左右互倒"出售"睿蓝_财经_中国网". finance.china.com.cn. Retrieved 9 May 2024.
  25. ^ "Geely, Mercedes-Benz launch $780 million JV to make electric smart-branded cars". U.S. 8 January 2020. Retrieved 5 January 2023.
  26. ^ CAR magazine (28 March 2019). "It's official: Geely buys 50 percent of Smart from Daimler". CAR Magazine. Retrieved 5 January 2023.
  27. ^ McGregor, R. (April 2002) "Geely gears up china's first home-grown car" Financial Times
  28. ^ "中国制造(2):探究吉利汽车集团的发展史_太平洋汽车网" [Made in China (2): Explore the development history of Geely Automobile Group]. www.pcauto.com.cn. 16 August 2012. Retrieved 21 May 2024.
  29. ^ a b "吉利汽车集团发展历程回顾" [Review of the development history of Geely Automobile Group]. chejiahao.m.autohome.com.cn. 14 April 2020. Retrieved 21 May 2024.
  30. ^ "Geely Automobile Holdings Co., Ltd. - Basic Information - CICC" (PDF). 中国国际金融股份有限公司.
  31. ^ "李书福VS贺学初 谁是吉利汽车借壳大赢家" [Li Shufu VS He Xuechu, who is the big winner of Geely Auto's backdoor listing?]. auto.sohu.com. 20 February 2004. Retrieved 22 May 2024.
  32. ^ a b "GEELY AUTOMOBILE HOLDINGS LIMITED 吉利汽車控股有限公司 (formerly known as Guorun Holdings Limited 國潤控股有限公司)" (PDF). Geely Automobile Holdings Limited. 9 March 2004. Retrieved 21 May 2024.
  33. ^ "低调吉利香港借壳上市 李书福两年圆了梦" [Low-key Geely Hong Kong backdoor listing Li Shufu realized his dream in two years]. auto.sohu.com. Retrieved 21 May 2024.
  34. ^ sina_mobile (17 February 2004). "谁是吉利汽车借壳大赢家" [Who is the big winner of Geely Auto's backdoor merger?]. finance.sina.cn. Retrieved 21 May 2024.
  35. ^ Goldthorp, Clive (25 June 2009). "China Watch : Taxi! China passengers to hail London's black cabs". AROnline. Retrieved 22 May 2024.
  36. ^ Joseph, Noah (19 October 2006). "Where to, gov'na? New TX4 London Cabs introduced in Europe". Autoblog. Retrieved 22 May 2024.
  37. ^ Inman, Phillip (17 March 2010). "Black-cab maker Manganese Bronze sells majority stake to Chinese company". The Guardian. ISSN 0261-3077. Retrieved 22 May 2024.
  38. ^ "London black cab maker Manganese Bronze enters administration". The Guardian. 22 October 2012. Retrieved 22 October 2012.
  39. ^ "China's Geely saves London cab maker Manganese Bronze". The Telegraph. 1 February 2013. Retrieved 18 February 2013.
  40. ^ "Company Overview of The London Taxi Corporation Ltd". Bloomberg. Bloomberg L.P. Retrieved 4 January 2018.
  41. ^ "回看吉利收购DSI公司5年后抛售：自动变速器成汽车"芯片"危机 - 经济观察网 － 专业财经新闻网站" [Looking back at Geely's acquisition of DSI and its sell-off five years later: automatic transmissions become a car “chip” crisis]. www.eeo.com.cn. 18 May 2018. Retrieved 22 May 2024.
  42. ^ Ford Motor Corporation. "Re-Evaluate Strategic Options for Volvo Car Group". www.ford.com. Archived from the original on 8 July 2009. Retrieved 23 November 2010.
  43. ^ Andrew Clark (28 October 2009). "Ford set to offload Volvo to Chinese carmaker Zhejiang Geely". London: Guardian. Archived from the original on 9 October 2019. Retrieved 4 December 2009.
  44. ^ "Geely/Volvo deal 'done by Feb'". Autocar. 17 December 2009. Archived from the original on 6 April 2023. Retrieved 22 December 2009.
  45. ^ Matthew Dolan (16 July 2010). "Volvo Deal Sparks Leadership Shake-Up". Wall Street Journal. Archived from the original on 13 January 2015. Retrieved 7 August 2010.
  46. ^ Ford Motor Company. "Ford reaches agreement to sell Volvo Cars and related assets to Geely". www.ford.com. Archived from the original on 31 March 2010. Retrieved 30 March 2010.
  47. ^ Ola Kinnander and Keith Naughton (2 August 2010). "Geely Seals Takeover of Volvo From Ford; Jacoby Named CEO". Bloomberg. Archived from the original on 5 August 2010. Retrieved 21 August 2010.
  48. ^ Callaway, Sue. "2016 Volvo XC90: Swedish safety has never looked—or felt—so good". fortune.com. Archived from the original on 28 March 2017. Retrieved 6 July 2017.
  49. ^ "Annual and Sustainability Report 2023" (PDF). Volvo Car AB. pp. 8, 35, 61, 78, 81, 161. Retrieved 5 March 2024.
  50. ^ "吉利汽车历史_太平洋汽车" [Geely Automobile History]. www.pcauto.com.cn. 21 October 2022. Retrieved 21 May 2024.
  51. ^ Feijter, Tycho De. "Volvo And China's Geely Collaborate On 'Connected' Car Brand, Lynk & Co". Forbes. Retrieved 13 April 2024.
  52. ^ "Geely And Volvo Cars Sign Joint Venture Agreements on Technology-Sharing and Development of LYNK & CO". Media Center - Zhejiang Geely Holding Group. Retrieved 21 May 2024.
  53. ^ Macfarlane, Alec (24 May 2017). "Lotus has been purchased by Chinese automaker Geely". CNN Money. Retrieved 25 May 2017.
  54. ^ Anthony Lim (24 May 2017). "DRB-Hicom to sell Lotus in its entirety for £100 million – Geely to acquire 51%, Etika Automotive to buy 49%". Driven Communications. Archived from the original on 27 May 2017. Retrieved 27 May 2017.
  55. ^ "Agreement" (PDF). www.drb-hicom.com. Archived (PDF) from the original on 29 September 2017. Retrieved 27 February 2021.
  56. ^ "DRB-Hicom, Geely announce new Proton board - Li Chunrong is CEO, Winfried Vahland joins board - paultan.org". Paul Tan's Automotive News. 29 September 2017. Retrieved 21 May 2024.
  57. ^ Intan Farhana Zainul, Izwan Idris (25 May 2017). "Chinese carmaker's partnership with Proton to create more job opportunities". The Star. Malaysia. Archived from the original on 27 May 2017. Retrieved 27 May 2017.
  58. ^ Eusoff, Neily Syafiqah (29 September 2017). "China's Geely to hold Proton and Lotus shares, says DRB-Hicom". The Edge Markets. Retrieved 13 July 2018.
  59. ^ "Proton has no plans to cut jobs, Geely to offer training - paultan.org". Paul Tan's Automotive News. 21 November 2017. Retrieved 21 May 2024.
  60. ^ Grady, Mary (5 July 2017). "Report: Terrafugia Sold To Chinese Conglomerate". AVweb. Retrieved 7 July 2017.
  61. ^ "Zhejiang Geely Holding Group completes acquisition of Terrafugia, Inc". terrafugia.com. Archived from the original on 17 September 2018. Retrieved 25 November 2017.
  62. ^ "Volvo Cars and Geely Holdings invest 5 billion RMB to develop Polestar". www.media.volvocars.com. Archived from the original on 24 September 2020. Retrieved 2 December 2019.
  63. ^ Lambert, Fred (17 October 2017). "Volvo's Polestar unveils performance electric car, announces new 'Tesla Model 3 competitor'". Archived from the original on 26 February 2019. Retrieved 27 February 2019.
  64. ^ "Polestar lists successfully on Nasdaq" (Press release). investors.polestar.com. Archived from the original on 24 June 2022. Retrieved 24 June 2022.
  65. ^ Hawkins, Andrew J. (27 September 2021). "Electric car company Polestar is going public via SPAC". The Verge. Archived from the original on 27 September 2021. Retrieved 27 September 2021.
  66. ^ a b Richard Milne (27 December 2017). "China's Geely takes €3.25bn stake in truckmaker Volvo Group". Financial Times.
  67. ^ "Chinese Auto Giant Invests in Flying-Car Startup Volocopter". Bloomberg L.P. 9 September 2019. Retrieved 6 March 2021.
  68. ^ "华菱星马三度易主终如愿，但吉利要的不仅是"一辆重卡"" [After its third attempt at changing ownership, Hualing Xingma achieved its wish, but Geely wants more than just "a heavy trucker"]. finance.sina.cn (in Chinese). 24 July 2020. Retrieved 25 July 2020.
  69. ^ Szymkowski, Sean. "Volvo and Geely discuss outright merger of businesses". Roadshow. Archived from the original on 3 March 2020. Retrieved 3 March 2020.
  70. ^ "Geely's Volvo Cars to list in Stockholm, aims to raise 25 billion Swedish krona". CNBC. 4 October 2021. Archived from the original on 10 January 2022. Retrieved 10 January 2022.
  71. ^ Kang, Lei (24 October 2023). "Zeekr sees 1st production cars of Zeekr 001 FR electric supercar roll off line, official launch set for Oct 27". CnEVPost. Retrieved 24 October 2023.
  72. ^ a b Or, Amy (10 May 2024). "Geely's EV Maker Zeekr Said to Raise $441 Million in US IPO". www.bloomberg.com. Retrieved 22 May 2024.
  73. ^ Lindeberg, Rafaela (23 February 2024). "Volvo is ditching most of its stake in struggling Tesla rival Polestar". Fortune. Retrieved 17 June 2024.
  74. ^ Campbell, Peter (1 February 2024). "Volvo Cars to stop funding Polestar electric sports car business". Financial Times. Retrieved 17 February 2024.
  75. ^ editordoug (23 September 2024). "BRIEF: Geely enters consolidation mode after years of expansion - Bamboo Works - Where China Stocks meet global investors". Bamboo Works. Retrieved 12 October 2024.
  76. ^ "吉利发布"战略宣言"". Sohu.
  77. ^ "吉利几何品牌正式并入银河_新闻_新出行". www.xchuxing.com. Retrieved 9 October 2024.
  78. ^ a b 澎湃新闻 (14 November 2024). "吉利旗下极氪、领克"整合"：极氪斥资超93亿元获领克51%股权". finance.sina.com.cn. Retrieved 14 November 2024.
  79. ^ a b 界面新闻 (14 November 2024). "极氪与领克合并，吉利从大扩张走向大整合". finance.sina.com.cn. Retrieved 14 November 2024.
  80. ^ "Volvo Cars sells 30 per cent stake in Lynk & Co to Zeekr". www.media.volvocars.com. Retrieved 14 November 2024.
  81. ^ a b "雷达品牌并入吉利汽车集团_车家号_发现车生活_汽车之家". chejiahao.autohome.com.cn (in Chinese (China)). Retrieved 13 November 2024.
  82. ^ "吉利控股集团整合雷达汽车，新能源皮卡品牌升级为一级组织 - 第一电动网". d1ev.com. Retrieved 13 November 2024.
  83. ^ "China's Geely Buys $9 Billion Daimler Stake". Bloomberg L.P. 23 February 2018. Retrieved 6 March 2021.
  84. ^ Group, Mercedes-Benz. "Shareholder Structure Mercedes-Benz Group AG". Mercedes-Benz Group. Retrieved 22 May 2024. {{cite web}}: |last= has generic name (help)
  85. ^ "Geely, Mercedes-Benz establish joint venture in east China - Xinhua | English.news.cn". www.xinhuanet.com. Retrieved 21 May 2024.
  86. ^ "Smart Concept #1 Arrives In Munich As Not-So-Small Electric Crossover". Motor1.com. Retrieved 7 September 2021.
  87. ^ Chilton, Chris (17 November 2022). "New Smart #3 Is A Cool-Looking Compact Electric Crossover That America Won't Get". Carscoops.
  88. ^ "Renault partners Geely in China, South Korea". Automotive News Europe. 9 August 2021. Retrieved 8 November 2022.
  89. ^ "Renault Samsung to produce green cars developed by Renault Group and Geely". businesskorea.co.kr. Retrieved 15 January 2022.
  90. ^ "Renault will use Geely's CMA platform for (some of) its future cars". topspeed.com. Retrieved 15 January 2022.
  91. ^ Nouvelle, L'Usine (21 January 2022). "Renault conclut son alliance avec Geely pour redresser ses ventes en Corée du Sud" [Renault signs alliance with Geely to boost sales in South Korea]. L'Usine Nouvelle (in French). Retrieved 22 January 2022.
  92. ^ "Geely Automobile Holdings to acquire 34.02% of the shares of Renault Korea Motors" (Press release). Renault. 10 May 2022. Retrieved 10 May 2022.
  93. ^ Leggett, David (10 May 2022). "Geely to acquire 34% of Renault Korea Motors". Just-auto.com. Retrieved 10 May 2022.
  94. ^ Brodie, James (8 November 2022). "Renault launches Ampere electric car business unit and Geely ICE joint-venture". AutoExpress. Retrieved 8 November 2022.
  95. ^ "Geely and Renault Group sign framework agreement to create leading powertrain technology company" (Press release). Renault. 8 November 2022. Retrieved 8 November 2022.
  96. ^ "Renault, Geely create joint venture for hybrid, combustion engines". Reuters. 31 May 2024. Retrieved 31 May 2024.
  97. ^ "Chinese search giant Baidu to make electric cars". The Verge. 7 January 2021. Retrieved 1 February 2021.
  98. ^ Baldwin, Roberto (11 January 2021). "Geely to Partner with Chinese Tech Giant Baidu to Build Smart EVs". caranddriver.com. Retrieved 1 February 2021.
  99. ^ 马清. "Geely, Baidu unveil new car brand Ji Yue". www.chinadaily.com.cn. Retrieved 25 August 2023.
  100. ^ "百度吉利合作造车"集度"之后添"极越" 二者有何不同？ | 投中网" [Baidu and Geely cooperate to build "Jidu" car and then add "Jiyue". What is the difference between the two? | Touzhong.com]. www.chinaventure.com.cn. Retrieved 25 August 2023.
  101. ^ a b "Geely, Baidu Hitch Up on New EV Brand - Caixin Global". www.caixinglobal.com. Retrieved 25 August 2023.
  102. ^ "Geely's Milky Way Brand Teases First Hybrid SUV Named L7". 19 February 2023.
  103. ^ "2023 Annual Results" (PDF). Geely Automobile Holdings Limited. Retrieved 22 May 2024.
  104. ^ "Geely Galaxy is the new executive EV brand to be unveiled next week". ArenaEV.com.
  105. ^ "Geely Auto Looks to Geely Galaxy for Electric Future". Retrieved 11 March 2023.
  106. ^ "Geely's Galaxy EV Luxury Brand Debuts Light BEV Study, L7 PHEV". InsideEVs.
  107. ^ "吉利几何品牌正式并入银河_新闻_新出行". www.xchuxing.com. Retrieved 9 October 2024.
  108. ^ "Geely's Radar RD6 EV Pickup Debuts In China Alongside New Outdoors Lifestyle Vehicle Brand". Carscoops. 13 July 2022. Retrieved 21 July 2022.
  109. ^ "Volvo Cars increases shareholding in Polestar to 49.5 per cent". Volvo Cars Global Newsroom. Volvo Car Corporation. 12 July 2021. Retrieved 19 December 2021.
  110. ^ Söderlind, Alrik (12 December 2023). "PROV: Zeekr X – Volvos mardröm". auto motor & sport (in Swedish). Retrieved 27 January 2024.
  111. ^ "Volvo Cars and Geely agree on technology sharing and the formation of LYNK & CO". Volvo Cars Global Newsroom. Volvo Car Corporation. 4 August 2017. Retrieved 19 December 2021.
  112. ^ Lye, Gerard (24 May 2017). "Geely to acquire 49.9% stake in Proton, 51% in Lotus – definitive agreement to be signed before end of July". Paultan.org.
  113. ^ Lee, Jonathan (12 December 2018). "Proton X70 SUV launched in Malaysia, from RM99,800". Paultan.org.
  114. ^ "Geely transfers Proton shares to another subsidiary to reduce 'connected transactions' - what is this about? - paultan.org". Paul Tan's Automotive News. 2 June 2023. Retrieved 8 December 2023.
  115. ^ 华普品牌介绍 [Brand Introduction of Shanghai Maple] (in Chinese). Geely Holding Group. Archived from the original on 20 April 2009.
  116. ^ Horrell, Paul (24 May 2017). "Chinese car giant Geely has bought Lotus". TopGear.com.
  117. ^ For 2007 joint venture, see Tracey Tong, Angel YY Yeung (7 September 2007). "Geely Automobile Holdings Limited Announced Interim Results for the Six Months Ended 30 June 2007 Net Profit Declined by 32% to HKD82 million" (PDF). Jovian Communications. Geely. Retrieved 28 February 2015.
  118. ^ "Jidu Auto to invest billions in electrification by 2026". electrive.com. 27 April 2021. Retrieved 24 September 2021.
  119. ^ "百度吉利合作造车"集度"之后添"极越" 二者有何不同？ | 投中网". www.chinaventure.com.cn. Retrieved 25 August 2023.
  120. ^ "JI YUE – Zhejiang Geely Holding Group". Retrieved 25 August 2023.
  121. ^ "Mercedes-Benz and Geely Holding formally established global joint venture "smart Automobile Co., Ltd." for the smart brand". Mercedes-Benz and Geely Holding formally established global joint venture “smart Automobile Co., Ltd.” for the smart brand. Retrieved 12 May 2023.
  122. ^ "Shareholder Structure". Mercedes-Benz Group. Retrieved 15 October 2023.
  123. ^ "Breaking: Geely acquires 7.6% stake in Aston Martin". Autocar. 30 September 2022.
  124. ^ "Geely takes stake in Aston Martin". Automotive News Europe. 30 September 2022.
  125. ^ "China's Geely buys 7.6% stake in Aston Martin Lagonda". ABC News. 30 September 2022.
  126. ^ "Geely doubles stake in Aston Martin to 17%". Financial Times. 18 May 2023.
  127. ^ "Aston Martin stock soars as China's Geely to become no.3 shareholder". Reuters. 18 May 2023.
  128. ^ "Geely doubles stake in Aston Martin". Automotive News Europe. 18 May 2023.
  129. ^ "China's Geely completes deal to buy AB Volvo stake". Reuters. 18 June 2018. Retrieved 11 November 2023.
  130. ^ Wee, Sui-Lee (27 December 2017). "Geely Buys Stake in Volvo Trucks, Despite China Restrictions". The New York Times. ISSN 0362-4331. Retrieved 11 November 2023.
  131. ^ "吉利减持沃尔沃集团近6.8亿美元股份". auto.gasgoo.com. Retrieved 11 January 2024.
  132. ^ "Geely signs deal to buy 34% of Renault's South Korea business". Nikkei Asia. Retrieved 28 November 2023.
  133. ^ "HORSE, new leading powertrain technology company is now fully operational and ready to reinvent combustion". Newsroom Renault Group. 7 May 2023. Retrieved 27 December 2023.
  134. ^ "China Geely on track to meet target". Reuters. 12 November 2010.
  135. ^ "Qianjiang Motorcycle: Always call "call"". finance.china. 20 July 2016. Retrieved 21 December 2018.
  136. ^ "China's Geely Builds Satellites To Guide Autonomous Vehicles". News.satnews.com. 4 October 2021. Retrieved 27 February 2022.
  137. ^ "Mitime Group – 吉利控股集团官网" (in Simplified Chinese). Retrieved 16 May 2023.
  138. ^ Liao, Rita (5 July 2022). "Founder of auto giant Geely buys Meizu". TechCrunch. Retrieved 9 January 2024.
  139. ^ "Zhou Tienong inspects Geely's Xiangtan plant". Geely. 10 June 2010. Archived from the original on 4 October 2011.
  140. ^ "Shanghaied: Things are going awry for foreign carmakers in China". The Economist. 21 April 2005.
  141. ^ "About Geely". Geely. Archived from the original on 4 December 2010.
  142. ^ "Handing over 1st Batch of PANDAs to customers". Micro Cars. 28 February 2011. Archived from the original on 10 February 2012.
  143. ^ "New Micro Sedan from GEELY". Micro Cars. 30 April 2010. Archived from the original on 10 February 2012.
  144. ^ "First "Atlas" from BELGEE Plant Roll Off Assembly Line". Geely Global. 17 November 2017.
  145. ^ Actuoto – Découverte: Inauguration de l'usine Geely à Sousse مصنع تركيب جيلي تونس, 14 October 2018, archived from the original on 22 December 2021, retrieved 23 March 2019
  146. ^ "Geely China Sales Figures". carsalesbase.com. 8 March 2015. Retrieved 27 October 2020.
  147. ^ "MarkLines Co., Ltd". www.marklines.com. Retrieved 1 December 2022.
  148. ^ "新聞". www.geelyauto.com.hk. Retrieved 9 January 2023.
  149. ^ "Lotus". www.autozine.org. Retrieved 9 January 2023.
  150. ^ "About Volvo - Sales Volumes - Volvo Cars Global Media Newsroom". www.media.volvocars.com. Retrieved 5 January 2024.
  151. ^ "极越汽车销量查询，极越汽车销量排名，极越汽车历史销量查询 - 车主之家". xl.16888.com. Retrieved 11 January 2024.
  152. ^ "Lotus - Investor Relations". Lotus Official.
  153. ^ "2023 Annual Sales by Geely Holding Brands Rise 20% to 2.79m Units". www.geely.com. Retrieved 13 June 2024.
  154. ^ Geely model only. Since Geely's acquisition of Smart in 2022, the sales of smart Fortwo/Forfour are accounted for under the Mercedes-Benz Group, while smart #1 and smart #3 are included in the Geely.
  155. ^ Consolidated into Geely's balance sheet since 2018
  156. ^ "Geely prépare l'après-pétrole chinois en Islande". le point. 3 July 2015.
[edit]
Retrieved from "https://en.wikipedia.org/w/index.php?title=Geely&oldid=1258346220"