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Volvo Group – a manufacturer of trucks, buses and construction equipment (among others) owned by Swedish interests; Volvo Car Group or Volvo Cars – a manufacturer of automobiles owned by Ford Motor Company; Volvo Group completed its 5% deal with Mitsubishi in November 1999, but sold its stake back to Mitsubishi Heavy Industries in March ...
The company is privately owned by Chinese entrepreneur Li Shufu, and mainly engaged in the automotive industry. Geely was founded in 1986 as a refrigerator parts company, before transitioning to motorcycles in 1994 and entering the automotive industry in 1997.
Volvo Trademark Holding AB is equally owned by AB Volvo and Volvo Car Corporation. [88] The main activity of the company is to own, maintain, protect and preserve the Volvo trademarks, including Volvo, the Volvo branding symbols (grille slash and iron mark), Volvo Penta, on behalf of its owners and to license these rights to its owners. The day ...
Li founded Geely in November 1986; it is now the second-largest private automobile manufacturer in China. [4] On 28 March 2010, Geely signed a deal worth US$1.8 billion to buy Swedish automobile manufacturer Volvo Cars from American automobile manufacturer Ford Motor Company. [5] It was the largest foreign purchase by a Chinese car manufacturer.
The company is incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. Established in 1986 by Li Shufu in Ningbo, Zhejiang, China, Geely initially focused on refrigerators before transitioning to motorcycles in 1994. In 1997, Geely entered the automotive industry, becoming China's first privately-owned car
Zeekr raised $440 million in an IPO on the New York Stock Exchange earlier this year, a rare U.S. listing for a Chinese company. Zhejiang Geely Holding Group also owns the Swedish carmaker Volvo.
Electric drivetrains are working their way into minivans, and the Zeekr 009 is the first luxury yacht from this automaker. Here's what it offers.
However, since 2017, the Chinese government had indicated that it would liberalize foreign control in the automotive sector, allowing full ownership by foreign companies. [13] In 2017, Tesla was allowed to set up a plant in Shanghai city, making it the first foreign automaker to open a wholly owned factory in China. [14]