Geely Was Founded
Geely was founded by Eric Li (Li Shufu) in Taizhou City, Zhejiang Province, China as a refrigerator parts manufacturer.
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Geely at a Glance
A Fortune 500 company for 11 consecutive years
In the 2022 Fortune Global 500 list, Geely Holding Group ranked 229th with a revenue of US$55.86 billion, and has ranked among the Fortune Global 500 for eleven consecutive years.
One of the world‘s top 10 brands
Geely Holding Group ranked 8th in Brand Finance’s Top 10 Most Valuable Auto Portfolio Brands 2022 — the only Chinese auto group on the list.
IATF's first Asian member
On April 8, 2021, the appointment of Geely to the IATF as the first Asian member marked a historic milestone in the development of the IATF. Geely Auto Group (Geely) has become the newest OEM voting member of the organization.
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Global sales volume of 12 million+
At the end of October 2020, Geely Auto has become the first Chinese auto brand which succeeded in selling more than 10 million units globally. By the end of April 2022, Geely Auto’s cumulative global sales exceeded 12 million. Geely Auto has won the sales champion of Chinese auto brands consecutively in five years.
Geely Auto Group is a leading automobile manufacturer based in Hangzhou, China, and was founded in 1997 as a subsidiary of Zhejiang Geely Holding Group. The Group manages several leading brands including Geely Auto, Lynk & Co, Proton Cars, and Geometry.
Vehicle Architecture
An automobile's architecture is its core, and Geely is laying the groundwork for the creation of the vehicles of the future by creating sophisticated modular vehicle architectures.
Brand History
Geely Group Established
Geely Group was established to bring all Geely enterprises under one group.
Geely Entered the Automotive Industry
Geely Auto enters the automobile industry with the vision of producing cars that ordinary people can afford, becoming China’s first privately-owned auto manufacturer.
First Geely Auto Vehicle Comes Offline
The first Geely Auto car (Haoqing) rolls off the assembly line in Linhai, Zhejiang Province, China.
Geely Received the License From Chinese Authorities and Became the First Private Car Maker in China
Geely Auto becomes the first privately-owned auto manufacturer officially listed on China’s automobile manufacturer index.
Geely Auto Joins the Ranks of China’s Top Ten Automakers
Geely Auto’s increasing popularity and sales allowed it to join the ranks of China’s top ten automakers.
Zhejiang Geely Holding Group Established
Zhejiang Geely Holding Group was established with all of Geely’s automotive businesses placed under it.
Geely Auto Listed on the Hong Kong Stock Exchange
Geely Auto became the first Chinese automaker to be listed on the Hong Kong Stock Exchange (HK: 0175)
Geely Holding Acquires Volvo Car Corporation
Geely Holding Group acquired 100% of the shares of Volvo Car Corporation from the Ford Motor Company. The agreement was signed on 28 March 2010 and the transaction was completed on 2 August 2010.
Geely Holding Group Enters into the Fortune 500 List
Geely Holding Group was listed as a Fortune 500 company for the first time.
Geely Auto Announces New Brand Positioning
Geely Auto officially showcased their flagship BoRui sedan, announced its new brand positioning and officially tie up with the Chinese Olympic Swimming Team. The new brand mission is “Making Refined Cars for Everyone”.
Geely Forms Strategic Partnership with Proton and Acquires Lotus
Geely signed an agreement to acquire a 49.9% stake in Malaysian automaker PROTON and acquire a 51% controlling stake in luxury sports car brand Lotus from DRB-HICOM Berhad of Malaysia.
Geely Acquires American Flying Car Company Terrafugia
Geely entered into an agreement with Terrafugia Inc, a US-based company focused on the innovation, engineering and production of flying cars and technologies, to acquire its operations and assets in their entirely.
Geely Acquires Strategic Stakes in AB Volvo
Geely announced they would become largest holder of share capital in Sweden’s leading commercial vehicles and industrial engineering group, Volvo AB after acquiring Cevian Capital’s entire 8.2% share capital holding and 15.6% voting rights in the company.
Geely Holding Group Chairman Eric Li Purchases Stake in Daimler AG
Geely Group, a company owned by Chairman Eric Li and managed by Zhejiang Geely Holding Group announced it had acquired a 9.7% stake in Daimler AG through open market purchases of shares.
Geely Auto Unveils BMA, a New Modular Architecture for B-Segment Compact Cars
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Geely and Daimler Form Global Joint Venture to Develop smart
Daimler AG and Geely Holding Group announced the formation of 50-50 globally focused joint venture to own, operate and further develop smart, the pioneer of the small urban vehicles, as a leader in premium-electrified vehicles.
Geely Auto Group Signed an Agreement to Become an Official Partner of the 2022 Asian Games in Hangzhou
Geely will participate in the Asian Games under the slogan of “Enjoy E-mobility @ the Asian Games with Geely.
Geely launches Compact Modular Architecture (CMA), marking the brand’s entry into its 4.0 “Advanced Geely” products era
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Establishment of "smart Automobile Co., Ltd."
Mercedes-Benz and Geely Holding formally establish the global joint venture “smart Automobile Co., Ltd.” to produce smart brand cars.
Sustainable Experience Architecture Officially Launched
Geely Holding officially launches the open-source electric vehicle architecture, SEA (Sustainable Experience Architecure).
Geely Auto Successfully Surpassed 10 Million Units in Global Sales in 2020
Geely Auto became the first Chinese auto brand which succeeded in selling more than 10 million units globally.
Geely Officially Joins Global Automotive Quality Standards Organization IATF
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Geely Auto Group Unveils Intelligent Geely 2025 Strategy
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Geely Auto Launches “Leishen” Global Powertrain Brand, a new leading intelligent high-efficiency powertrain solutions provider
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Geely Automobile Holdings to Acquire 34.02% of the Shares of Renault Korea Motors
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