Geely Holding Group
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| Holding company | |
| Industry | Automotive |
| Founded | November 6, 1986 in Taizhou, Zhejiang, China |
| Founder | Li Shufu |
| Headquarters | Binjiang District, Hangzhou, Zhejiang, China |
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Area served
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Worldwide |
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Key people
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Li Shufu (Chairman) An Cong Hui (President) |
| Products | Automobiles, engines, transmissions |
| Subsidiaries |
List
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| Website | www.geelyholding.com |
| Geely | |||||||
| Simplified Chinese | 吉利控股集团 | ||||||
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| Traditional Chinese | 吉利控股集團 | ||||||
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| Transcriptions | |
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| Standard Mandarin | |
| Hanyu Pinyin | Jílì Kònggǔ Jítuán |
Geely (officially Zhejiang Geely Holding Group Co., Ltd) is a Chinese multinational automotive manufacturing company headquartered in Hangzhou, Zhejiang. It sells passenger vehicles under the Geely Auto, Volvo, LYNK & CO, Proton, and Lotus brands and commercial vehicles under the London Electric Vehicle Company and Yuan Cheng New Energy Commercial Vehicle brands.
A pioneer private Chinese automaker, in 2003 it remained the only domestic car manufacturer to lack ties to the Chinese state, although another indigenous, politically independent automaker, BYD Auto, was rising around this time. (Great Wall Motors may be considered another firm less burdened with ties to the state.)
Geely has owned the Swedish passenger car maker Volvo Cars since 2010 (with the CEO Håkan Samuelsson who is active since Oct 19, 2012 to current date), when it acquired the company from Ford. It completed the acquisition of British taxi maker The London Electric Vehicle Company in 2013. In June 2017, Geely also acquired 49.9% equity in Malaysian carmaker PROTON Holdings as well as a 51% majority stake in British sports carmaker Lotus Cars. The deal is seen as an important step for the Chinese carmaker in their quest to make inroads into the lucrative ASEAN region.
Geely Automobile Holdings Ltd (Chinese: 吉利汽车; pinyin: Jílì Qìchē) (: 175), a subsidiary of Geely, is listed on the . On 13 February 2017 it is a constituent of the Hang Seng Index.
Geely (Chinese: 吉利; pinyin: Jílì) means "auspicious" or "lucky" in Mandarin Chinese.
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Wikipedia