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Zhejiang Geely Holding Group Co., Ltd. (ZGH), commonly known as Geely Holding (/ ˈ dʒ iː l i / ; 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.
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.
Geely Automobile Holdings Limited, also commonly known as Geely Auto (/ ˈ dʒ iː l i / ; Chinese: 吉利汽车; pinyin: Jílì QÌchē) is a publicly traded automotive company predominantly owned by the Zhejiang Geely Holding (ZGH) group. It owns the eponymous Geely Auto brand and partly owns Lynk & Co, Proton Cars and Zeekr brands.
They'll be built on Geely's electric platform and will be fitted with mapping and infotainment features developed by Baidu. Volvo owner Geely partners with China’s biggest search engine company ...
Geely Holding Group transferred its 11.3% stake in Zeekr Intelligent Technology (Zeekr) to Geely Automobile Holdings (Geely Auto). As a result, Geely Auto's shareholding in Zeekr increased to 62.8%. [ 23 ] [ 24 ] Zeekr subsequently announced its acquisition of a 20% stake in Lynk & Co from Geely Auto for 3.6 billion yuan, along with Volvo Cars ...
In 2017 Volvo Cars owner Geely became the largest Volvo shareholder by number of shares after acquiring an 8.2% stake, displacing Industrivärden. Industrivärden kept more voting rights than Geely (Geely getting a 15.8%). [34] In December 2013, Volvo sold its Volvo Construction Equipment Rents division to Platinum Equity. [35]
Geely holds a 49.9% stake in Proton, which is owned by local conglomerate DRB-Hicom Berhad. Chinese carmaker Geely and Malaysia's Proton consider EV plant in Thailand, Thai prime minister says ...
In February 2020, Volvo and Geely announced that they had started formal discussions about a merger of business. Geely had owned 100% of Volvo, but Volvo Cars had largely been allowed autonomy with its resources. [47] These merger talks were later halted, and 18% of Volvo Cars shares were listed on the Nasdaq Stockholm stock exchange in October ...