Geely

Geely entered the automotive industry in 1997, but only officially received national production license in November 2001.{{cite web |date=26 February 2018 |title=Geely's Li Shufu is betting billions on global push |url=https://finance.yahoo.com/news/geelys-li-shufu-betting-billions-global-push-121728960--finance.html |access-date=2019-01-04 |publisher=Yahoo! Finance |language=en-US}} 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.{{cite web |url=https://www.wsj.com/articles/SB10001424052702303429804575149532920190158/ |title=For Volvo, a New Life Under Chinese |date=March 29, 2010 |website=The Wall Street Journal |publisher=Dow Jones & Company Inc. |access-date=December 19, 2021}} It completed the acquisition of British taxi maker Manganese Bronze Holdings in 2013 and restructured it into London Electric Vehicle Company.{{Cite news|last1=Murphy|first1=Colum|last2=Sonne|first2=Paul|date=2013-02-01|title=Geely Buys Maker of London Cabs|newspaper=The Wall Street Journal|url=https://www.wsj.com/articles/SB10001424127887323701904578277463428415482|access-date=2017-02-13|issn=0099-9660}} In 2017, ZGH acquired a majority stake in British sports carmaker Lotus Cars in 2017.{{cite news|last1=Eusoff|first1=Neily Syafiqah|date=September 29, 2017|title=China's Geely to hold Proton and Lotus shares, says DRB-Hicom|work=The Edge Markets|url=http://www.theedgemarkets.com/article/chinas-geely-hold-proton-and-lotus-shares-says-drbhicom|access-date=13 July 2018}}

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 ({{zh|s=铭泰集团|labels=no|p=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.{{cite web|title=The Group at a Glance|url=http://www.zgh.com/the-group-at-a-glance|access-date=2019-01-04|website=zgh.com|language=en-US|archive-date=26 May 2019|archive-url=https://web.archive.org/web/20190526231448/http://www.zgh.com/the-group-at-a-glance|url-status=dead}}

{{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.McGregor, R. (April 2002) "Geely gears up china's first home-grown car" Financial Times In 1994, Geely transitioned into the motorcycle industry by acquiring a state-run firm, and started producing China's first scooter.{{Cite web |date=2012-08-16 |title=中国制造(2):探究吉利汽车集团的发展史_太平洋汽车网 |trans-title=Made in China (2): Explore the development history of Geely Automobile Group |url=https://www.pcauto.com.cn/nation/ycxc/1208/2075233_all.html |access-date=2024-05-21 |website=www.pcauto.com.cn}}

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.{{Cite web |date=2020-04-14 |title=吉利汽车集团发展历程回顾 |trans-title=Review of the development history of Geely Automobile Group |url=https://chejiahao.m.autohome.com.cn/partner/yidian/article/5919516 |access-date=2024-05-21 |website=chejiahao.m.autohome.com.cn}} By 2002, the brand was ranked among the top ten in the Chinese automobile market.

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 {{CNY|930 million|link=yes}}.{{Cite web |title=Geely Automobile Holdings Co., Ltd. - Basic Information - CICC |url=https://www.cicc.com/upload/file/41938/%E5%90%89%E5%88%A9%E6%B1%BD%E8%BD%A6%E6%8E%A7%E8%82%A1%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8%E8%BE%85%E5%AF%BC%E5%A4%87%E6%A1%88%E5%85%AC%E7%A4%BA%E6%96%87%E4%BB%B6.pdf |website=中国国际金融股份有限公司}} 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.{{Cite web |date=2004-02-20 |title=李书福VS贺学初 谁是吉利汽车借壳大赢家 |trans-title=Li Shufu VS He Xuechu, who is the big winner of Geely Auto's backdoor listing? |url=https://auto.sohu.com/2004/02/20/50/article219145034.shtml |access-date=2024-05-22 |website=auto.sohu.com}} In March 2004, Guorun was renamed Geely Automobile Holdings Limited, a company under ZGH, retaining the same trading code.{{Cite web |date=2004-03-09 |title=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) |url=http://www.geelyauto.com.hk/core/files/announcement/en/040309e.pdf |access-date=2024-05-21 |website=Geely Automobile Holdings Limited}} This strategy was seen as Geely's "backdoor" entry into the Hong Kong stock market, providing a means to raise funds for the company.{{Cite web |title=低调吉利香港借壳上市 李书福两年圆了梦 |trans-title=Low-key Geely Hong Kong backdoor listing Li Shufu realized his dream in two years |url=https://auto.sohu.com/2004/01/07/10/article218081091.shtml |access-date=2024-05-21 |website=auto.sohu.com}}{{Cite web |last=sina_mobile |date=2004-02-17 |title=谁是吉利汽车借壳大赢家 |trans-title=Who is the big winner of Geely Auto's backdoor merger? |url=https://finance.sina.cn/sa/2004-02-17/detail-ikkntiak7915879.d.html |access-date=2024-05-21 |website=finance.sina.cn}}

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 {{GBP|53 million|link=on}} joint venture to produce the black cabs in China, with Geely holding 52 percent and the British company 48 percent.{{Cite web |last=Goldthorp |first=Clive |date=2009-06-25 |title=China Watch : Taxi! China passengers to hail London's black cabs |url=https://www.aronline.co.uk/news/china-watch/china-watch-taxi-china-passengers-to-hail-londons-black-cabs/ |access-date=2024-05-22 |website=AROnline |language=en-GB}}{{Cite web |last=Joseph |first=Noah |date=2006-10-19 |title=Where to, gov'na? New TX4 London Cabs introduced in Europe |url=https://www.autoblog.com/2006/10/19/where-to-govna-new-tx4-london-cabs-introduced-in-europe/ |access-date=2024-05-22 |website=Autoblog |language=en}} The company has since reduced costs by producing parts in China. In February 2013, ZGH fully acquired Manganese Bronze Holdings for {{GBP|11.04 million|link=on}}, after the British company entered administration due to lack of funding.{{Cite news |last=Inman |first=Phillip |date=2010-03-17 |title=Black-cab maker Manganese Bronze sells majority stake to Chinese company |url=https://www.theguardian.com/business/2010/mar/17/manganese-bronze-geely-china-black-cab |access-date=2024-05-22 |work=The Guardian |language=en-GB |issn=0261-3077}}{{cite news |date=22 October 2012 |title=London black cab maker Manganese Bronze enters administration |url=https://www.theguardian.com/business/2012/oct/22/london-black-cab-manganese-bronze-administration |access-date=22 October 2012 |work=The Guardian}} 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.{{cite news |date=1 February 2013 |title=China's Geely saves London cab maker Manganese Bronze |url=https://www.telegraph.co.uk/finance/newsbysector/industry/9843178/Chinas-Geely-saves-London-cab-maker-Manganese-Bronze.html |accessdate=18 February 2013 |work=The Telegraph}}{{cite web |title=Company Overview of The London Taxi Corporation Ltd. |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=268940632 |accessdate=4 January 2018 |website=Bloomberg |publisher=Bloomberg L.P.}}

In 2009, Geely bought an Australian transmission company Drivetrain Systems International (DSI), at that time the second largest automatic transmission manufacturer for {{AUD|70 million}}. In 2014, Geely sold 90% of its stake in DSI to multiple other Chinese companies after the company suffered losses.{{Cite web |date=2018-05-18 |title=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 |trans-title=Looking back at Geely's acquisition of DSI and its sell-off five years later: automatic transmissions become a car “chip” crisis |url=https://www.eeo.com.cn/2018/0518/328579.shtml |access-date=2024-05-22 |website=www.eeo.com.cn}}

File:VolvoHangzhouOffice.jpg, next to Geely's headquarter]]

Following continuing losses in that year, Ford Motor Company offered Volvo Cars for sale in December 2008.{{cite web |author=Ford Motor Corporation |title=Re-Evaluate Strategic Options for Volvo Car Group |url=http://www.ford.com/about-ford/news-announcements/press-releases/press-releases-detail/pr-ford-motor-company-announces-it-29498 |url-status=dead |archive-url=https://web.archive.org/web/20090708090137/http://www.ford.com/about-ford/news-announcements/press-releases/press-releases-detail/pr-ford-motor-company-announces-it-29498 |archive-date=8 July 2009 |access-date=23 November 2010 |website=www.ford.com |language=en}} On 28 October 2009, Ford confirmed that, after considering several offers, the preferred buyer of Volvo Cars was ZGH.{{cite news |author=Andrew Clark |date=28 October 2009 |title=Ford set to offload Volvo to Chinese carmaker Zhejiang Geely |url=https://www.theguardian.com/business/2009/oct/28/volvo-ford-geely-china-car |url-status=live |archive-url=https://web.archive.org/web/20191009122236/https://www.theguardian.com/business/2009/oct/28/volvo-ford-geely-china-car |archive-date=9 October 2019 |access-date=4 December 2009 |publisher=Guardian |location=London |language=en}}{{cite web |date=17 December 2009 |title=Geely/Volvo deal 'done by Feb' |url=http://www.autocar.co.uk/News/NewsArticle/AllCars/246037/ |url-status=live |archive-url=https://web.archive.org/web/20230406044152/https://www.autocar.co.uk/car-news/industry/geelyvolvo-deal-done-feb |archive-date=6 April 2023 |access-date=22 December 2009 |publisher=Autocar |language=en}} 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.{{cite news |author=Matthew Dolan |date=16 July 2010 |title=Volvo Deal Sparks Leadership Shake-Up |url=https://www.wsj.com/articles/SB10001424052748704682604575368753026353136 |url-access=subscription |url-status=live |archive-url=https://web.archive.org/web/20150113190730/http://www.wsj.com/articles/SB10001424052748704682604575368753026353136 |archive-date=13 January 2015 |access-date=7 August 2010 |publisher=Wall Street Journal |language=en}}{{cite web |author=Ford Motor Company |title=Ford reaches agreement to sell Volvo Cars and related assets to Geely |url=http://www.ford.com/about-ford/news-announcements/press-releases/press-releases-detail/pr-ford-reaches-agreement-to-sell-32294 |url-status=dead |archive-url=https://web.archive.org/web/20100331183111/http://www.ford.com/about-ford/news-announcements/press-releases/press-releases-detail/pr-ford-reaches-agreement-to-sell-32294 |archive-date=31 March 2010 |access-date=30 March 2010 |website=www.ford.com |language=en}} At the time of the purchase, is the largest overseas acquisition by a Chinese automaker.{{cite news |author=Ola Kinnander and Keith Naughton |date=2 August 2010 |title=Geely Seals Takeover of Volvo From Ford; Jacoby Named CEO |url=https://www.bloomberg.com/news/2010-08-02/geely-said-to-announce-completion-of-volvo-cars-purchase-from-ford-today.html |url-status=live |archive-url=https://web.archive.org/web/20100805072733/http://www.bloomberg.com/news/2010-08-02/geely-said-to-announce-completion-of-volvo-cars-purchase-from-ford-today.html |archive-date=5 August 2010 |access-date=21 August 2010 |publisher=Bloomberg |language=en}}

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.{{cite web |last=Callaway |first=Sue |title=2016 Volvo XC90: Swedish safety has never looked—or felt—so good |url=http://fortune.com/2015/07/24/2016-volvo-xc90-geely/ |url-status=live |archive-url=https://web.archive.org/web/20170328145136/http://fortune.com/2015/07/24/2016-volvo-xc90-geely/ |archive-date=28 March 2017 |access-date=6 July 2017 |website=fortune.com |language=en}}{{cite web |title=Annual and Sustainability Report 2023 |url=https://vp272.alertir.com/afw/files/press/volvocar/202403050374-1.pdf |access-date=5 March 2024 |publisher=Volvo Car AB |pages=8,35,61,78,81,161}} 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.{{Cite web |date=2022-10-21 |title=吉利汽车历史_太平洋汽车 |trans-title=Geely Automobile History |url=https://www.pcauto.com.cn/cxxj/3342/33427857.html |access-date=2024-05-21 |website=www.pcauto.com.cn}}

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).{{Cite web |last=Feijter |first=Tycho De |title=Volvo And China's Geely Collaborate On 'Connected' Car Brand, Lynk & Co |url=https://www.forbes.com/sites/tychodefeijter/2016/10/20/volvo-and-chinas-geely-collaborate-on-connected-car-brand-lynk-co/ |access-date=2024-04-13 |website=Forbes |language=en}} 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%.{{Cite web |title=Geely And Volvo Cars Sign Joint Venture Agreements on Technology-Sharing and Development of LYNK & CO |url=https://zgh.com/media-center/news/20170804_1/?lang=en |access-date=2024-05-21 |website=Media Center - Zhejiang Geely Holding Group |language=en-US}}

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.{{cite web |last=Macfarlane |first=Alec |date=24 May 2017 |title=Lotus has been purchased by Chinese automaker Geely |url=https://money.cnn.com/2017/05/24/autos/lotus-geely-china-proton/index.html |access-date=25 May 2017 |publisher=CNN Money}}{{cite web |author=Anthony Lim |date=2017-05-24 |title=DRB-Hicom to sell Lotus in its entirety for £100 million – Geely to acquire 51%, Etika Automotive to buy 49% |url=https://paultan.org/2017/05/24/drb-hicom-to-sell-lotus-in-its-entirety-for-100-million-geely-to-acquire-51-etika-automotive-to-buy-49/ |url-status=live |archive-url=https://web.archive.org/web/20170527074901/https://paultan.org/2017/05/24/drb-hicom-to-sell-lotus-in-its-entirety-for-100-million-geely-to-acquire-51-etika-automotive-to-buy-49/ |archive-date=2017-05-27 |access-date=2017-05-27 |publisher=Driven Communications}} The remaining 49% were acquired by Etika Automotive, a holding company of Proton's major shareholder Syed Mokhtar Albukhary.{{cite web |author=Anthony Lim |date=24 May 2017 |title=DRB-Hicom to sell Lotus in its entirety for £100 million – Geely to acquire 51%, Etika Automotive to buy 49% |url=https://paultan.org/2017/05/24/drb-hicom-to-sell-lotus-in-its-entirety-for-100-million-geely-to-acquire-51-etika-automotive-to-buy-49/ |url-status=live |archive-url=https://web.archive.org/web/20170527074901/https://paultan.org/2017/05/24/drb-hicom-to-sell-lotus-in-its-entirety-for-100-million-geely-to-acquire-51-etika-automotive-to-buy-49/ |archive-date=27 May 2017 |access-date=27 May 2017 |publisher=Driven Communications}} Proton had owned Lotus since 1996, and largely struggled to turn the fortunes of the sports carmaker around. ZGH also purchased a 49.9% stake in Proton Holdings, which was agreed on 23 June 2017 and finalised on 29 September 2017.{{cite web |date= |title=Agreement |url=https://www.drb-hicom.com/wp-content/uploads/2017/07/MEDIA-RELEASE-DRB-HICOM-ZGH-INKS-HISTORIC-AGREEMENT.pdf |url-status=live |archive-url=https://web.archive.org/web/20170929140312/https://www.drb-hicom.com/wp-content/uploads/2017/07/MEDIA-RELEASE-DRB-HICOM-ZGH-INKS-HISTORIC-AGREEMENT.pdf |archive-date=29 September 2017 |access-date=2021-02-27 |publisher=www.drb-hicom.com}}{{Cite web |date=2017-09-29 |title=DRB-Hicom, Geely announce new Proton board - Li Chunrong is CEO, Winfried Vahland joins board - paultan.org |url=https://paultan.org/2017/09/29/drb-hicom-geely-announce-new-proton-board-li-chunrong-is-ceo-winfried-vahland-joins-board/ |access-date=2024-05-21 |website=Paul Tan's Automotive News |language=en-US}} The purchase was seen to facilitate future export growth in right-hand drive markets, and making inroads into the lucrative ASEAN region.{{cite web |author=Intan Farhana Zainul, Izwan Idris |date=2017-05-25 |title=Chinese carmaker's partnership with Proton to create more job opportunities |url=http://www.thestar.com.my/news/nation/2017/05/25/geely-to-make-malaysia-its-global-hub-proton-now-on-firm-footing-proton-now-on-firm-footing-chinese/ |url-status=live |archive-url=https://web.archive.org/web/20170527081938/http://www.thestar.com.my/news/nation/2017/05/25/geely-to-make-malaysia-its-global-hub-proton-now-on-firm-footing-proton-now-on-firm-footing-chinese/ |archive-date=2017-05-27 |access-date=2017-05-27 |newspaper=The Star |location=Malaysia}}{{cite news |last1=Eusoff |first1=Neily Syafiqah |date=September 29, 2017 |title=China's Geely to hold Proton and Lotus shares, says DRB-Hicom |url=http://www.theedgemarkets.com/article/chinas-geely-hold-proton-and-lotus-shares-says-drbhicom |access-date=13 July 2018 |work=The Edge Markets}} Proton confirmed that it would not downsize its workforce following its deal with Geely.{{Cite web |date=2017-11-21 |title=Proton has no plans to cut jobs, Geely to offer training - paultan.org |url=https://paultan.org/2017/11/21/proton-has-no-plans-to-cut-jobs-geely-to-offer-training/ |access-date=2024-05-21 |website=Paul Tan's Automotive News |language=en-US}}

In July 2017, the company purchased Terrafugia, an American maker of flying cars.{{cite web |last=Grady |first=Mary |date=5 July 2017 |title=Report: Terrafugia Sold To Chinese Conglomerate |url=https://www.avweb.com/avwebflash/news/Report-Terrafugia-Sold-To-Chinese-Conglomerate-229244-1.html |access-date=7 July 2017 |work=AVweb}} In November 2017, ZGH announced completion of the Terrafugia acquisition, including approval from all relevant regulators.{{cite web |title=Zhejiang Geely Holding Group completes acquisition of Terrafugia, Inc. |url=https://www.terrafugia.com/zhejiang-geely-holding-group-completes-acquisition-of-terrafugia-inc/ |url-status=dead |archive-url=https://web.archive.org/web/20180917030203/http://terrafugia.com/zhejiang-geely-holding-group-completes-acquisition-of-terrafugia-inc/ |archive-date=17 September 2018 |access-date=2017-11-25 |website=terrafugia.com |language=en-US}}

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.{{Cite web |title=Volvo Cars and Geely Holdings invest 5 billion RMB to develop Polestar |url=https://www.media.volvocars.com/uk/en-gb/media/pressreleases/215024/volvo-cars-and-geely-holdings-invest-5-billion-rmb-to-develop-polestar |url-status=live |archive-url=https://web.archive.org/web/20200924093130/https://www.media.volvocars.com/uk/en-gb/media/pressreleases/215024/volvo-cars-and-geely-holdings-invest-5-billion-rmb-to-develop-polestar |archive-date=24 September 2020 |access-date=2 December 2019 |website=www.media.volvocars.com |language=en-gb}} 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.{{cite web |last=Lambert |first=Fred |date=17 October 2017 |title=Volvo's Polestar unveils performance electric car, announces new 'Tesla Model 3 competitor' |url=https://electrek.co/2017/10/17/volvo-polestar-unveils-performance-electric-car-tesla-model-3-competitor/ |url-status=live |archive-url=https://web.archive.org/web/20190226170738/https://electrek.co/2017/10/17/volvo-polestar-unveils-performance-electric-car-tesla-model-3-competitor/ |archive-date=26 February 2019 |access-date=27 February 2019 |language=en}} Following an initial public offering, Polestar shares began trading on the Nasdaq exchange under the symbol PSNY on 24 June 2022.{{Cite press release |url=https://investors.polestar.com/news-releases/news-release-details/polestar-lists-successfully-nasdaq-0/ |title=Polestar lists successfully on Nasdaq |publisher=investors.polestar.com |access-date=24 June 2022 |archive-date=24 June 2022 |archive-url=https://web.archive.org/web/20220624160716/https://investors.polestar.com/news-releases/news-release-details/polestar-lists-successfully-nasdaq-0 |url-status=live}}{{cite web |last=Hawkins |first=Andrew J. |date=27 September 2021 |title=Electric car company Polestar is going public via SPAC |url=https://www.theverge.com/2021/9/27/22696139/polestar-spac-public-value-ev-startup-volvo-geely |url-status=live |archive-url=https://web.archive.org/web/20210927142709/https://www.theverge.com/2021/9/27/22696139/polestar-spac-public-value-ev-startup-volvo-geely |archive-date=27 September 2021 |access-date=27 September 2021 |website=The Verge}}

In December 2017, ZGH invested €3.25{{nbsp}}billion into Swedish truck and construction company Volvo Group, a former parent company of Volvo Cars.{{cite news |author=Richard Milne |date=27 December 2017 |title=China's Geely takes €3.25bn stake in truckmaker Volvo Group |url=https://www.ft.com/content/98035c38-eadd-11e7-bd17-521324c81e23/ |work=Financial Times}} The deal made ZGH the biggest shareholder by number of shares with an 8.2% stake, and second by voting rights, with 15.6%.

In September 2019, ZGH led a round of private funding for Volocopter that raised $55{{nbsp}}million for the company. Volocopter's other private investors also include Daimler AG which owns a stake in the company.{{Cite news |date=2019-09-09 |title=Chinese Auto Giant Invests in Flying-Car Startup Volocopter |url=https://www.bloomberg.com/news/articles/2019-09-09/china-s-geely-invests-in-flying-car-startup-volocopter |access-date=2021-03-06 |publisher=Bloomberg L.P. |language=en}}

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.{{cite web |date=24 July 2020 |title=华菱星马三度易主终如愿，但吉利要的不仅是"一辆重卡" |trans-title=After its third attempt at changing ownership, Hualing Xingma achieved its wish, but Geely wants more than just "a heavy trucker" |url=https://finance.sina.cn/2020-07-24/detail-iivhuipn4902223.d.html?from=wap |access-date=25 July 2020 |website=finance.sina.cn |language=zh}}

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.{{Cite web |last=Szymkowski |first=Sean |title=Volvo and Geely discuss outright merger of businesses |url=https://www.cnet.com/roadshow/news/volvo-geely-polestar-merger-business/ |url-status=live |archive-url=https://web.archive.org/web/20200303054050/https://www.cnet.com/roadshow/news/volvo-geely-polestar-merger-business/ |archive-date=3 March 2020 |access-date=3 March 2020 |website=Roadshow |language=en}} These merger talks were later halted, and 18% of Volvo Cars shares were listed on the Nasdaq Stockholm stock exchange in October 2021.{{cite news |date=4 October 2021 |title=Geely's Volvo Cars to list in Stockholm, aims to raise 25 billion Swedish krona |url=https://www.cnbc.com/2021/10/04/geelys-volvo-cars-to-list-in-stockholm-aims-to-raise-25-billion-sek.html |url-status=live |archive-url=https://web.archive.org/web/20220110131634/https://www.cnbc.com/2021/10/04/geelys-volvo-cars-to-list-in-stockholm-aims-to-raise-25-billion-sek.html |archive-date=10 January 2022 |access-date=10 January 2022 |work=CNBC |language=en}}

In{{nbsp}}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.{{Cite web |last=Kang |first=Lei |date=2023-10-24 |title=Zeekr sees 1st production cars of Zeekr 001 FR electric supercar roll off line, official launch set for Oct 27 |url=https://cnevpost.com/2023/10/24/zeekr-1st-production-cars-of-001-fr-off-line/ |access-date=2023-10-24 |website=CnEVPost |language=en-US}} 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.{{Cite web |last=Or |first=Amy |date=2024-05-10 |title=Geely's EV Maker Zeekr Said to Raise $441 Million in US IPO |url=https://www.bloomberg.com/news/articles/2024-05-09/geely-s-ev-maker-zeekr-is-said-to-raise-441-million-in-us-ipo |access-date=2024-05-22 |website=www.bloomberg.com}}

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.{{Cite web |last=Lindeberg |first=Rafaela |date=2024-02-23 |title=Volvo is ditching most of its stake in struggling Tesla rival Polestar |url=https://fortune.com/2024/02/23/volvo-cuts-polestar-stake/ |access-date=2024-06-17 |website=Fortune |language=en}}{{Cite web |last=Campbell |first=Peter |date=2024-02-01 |title=Volvo Cars to stop funding Polestar electric sports car business |url=https://www.ft.com/content/05075dd8-aec9-453c-9f5d-a2b7a71c3f57 |access-date=2024-02-17 |website=Financial Times}}

In September 2024, Li Shufu, the founder of the Geely, announced the "Taizhou Declaration", a new stage of strategic transformation of ZGH that would promote the integration of internal resources, clarify the positioning of each brand, straighten out equity relationships, reduce conflicts of interest and duplication of investment, and improve resource utilization efficiency.{{Cite web |last=editordoug |date=2024-09-23 |title=BRIEF: Geely enters consolidation mode after years of expansion - Bamboo Works - Where China Stocks meet global investors |url=https://thebambooworks.com/geely-enters-consolidation-mode-after-years-of-expansion/ |access-date=2024-10-12 |website=Bamboo Works |language=en-GB}}{{Cite web |title=吉利发布“战略宣言” |url=https://www.sohu.com/a/810662682_526255 |website=Sohu}}

In October 2024, as the first step of the strategy, Geely announced to merge all Geely Geometry dealerships into Geely Galaxy dealership network.{{Cite web |title=吉利几何品牌正式并入银河_新闻_新出行 |url=https://www.xchuxing.com/article/135666#:~:text=10%20%E6%9C%889%20%E6%97%A5%EF%BC%8C%E5%9C%A8,A%20%E7%BA%A7%E7%BA%AF%E7%94%B5SUV%E3%80%82 |access-date=2024-10-09 |website=www.xchuxing.com}} In November 2024, ZGH transferred 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%.{{Cite web |last=澎湃新闻 |date=2024-11-14 |title=吉利旗下极氪、领克“整合”：极氪斥资超93亿元获领克51%股权 |url=https://finance.sina.com.cn/jjxw/2024-11-14/doc-incvzseh7111815.shtml |access-date=2024-11-14 |website=finance.sina.com.cn}}{{Cite web |last=界面新闻 |date=2024-11-14 |title=极氪与领克合并，吉利从大扩张走向大整合 |url=https://finance.sina.com.cn/jjxw/2024-11-14/doc-incvzmwk7162718.shtml |access-date=2024-11-14 |website=finance.sina.com.cn}} Meanwhile, Zeekr purchased a 20% stake of Lynk & Co from Geely Auto for 3.6 billion yuan and acquire Volvo Cars 30% stake in Lynk & Co for 5.4 billion yuan.{{Cite web |title=Volvo Cars sells 30 per cent stake in Lynk & Co to Zeekr |url=https://www.media.volvocars.com/global/en-gb/media/pressreleases/336768/volvo-cars-sells-30-per-cent-stake-in-lynk-and-co-to-zeekr |access-date=2024-11-14 |website=www.media.volvocars.com |language=en-gb}} This move made Zeekr hold 51% of Lynk & Co in total, while the remaining 49% of Lynk & Co shares continues to be held by Geely Auto. In addition, the electric pickup brand Radar Auto has been consolidated into Geely Auto.{{Cite web |title=雷达品牌并入吉利汽车集团_车家号_发现车生活_汽车之家 |url=https://chejiahao.autohome.com.cn/info/18024775 |access-date=2024-11-13 |website=chejiahao.autohome.com.cn |language=zh-CN}}{{Cite web |title=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 |url=https://d1ev.com/newsflash/253593 |access-date=2024-11-13 |website=d1ev.com}}

In January 2025, ZGH announced it would consolidate London EV Company into Geely Auto.{{Cite web |last=第一财经 |date=2025-01-08 |title=吉利系大整合，雷达、翼真正式并入吉利汽车 |url=https://finance.sina.com.cn/jjxw/2025-01-08/doc-ineehrzt3770746.shtml |access-date=2025-01-09 |website=finance.sina.com.cn}}

In April 2025, the Livan marque was consolidated and became a product line under Geely Auto.{{Cite web |last=IT之家 |date=2025-03-29 |title=消息称睿蓝汽车将并入吉利中国星 |url=https://finance.sina.com.cn/tech/digi/2025-03-29/doc-inerhmfa6442137.shtml |access-date=2025-04-01 |website=finance.sina.com.cn}}

File:SZ_深圳_Shenzhen_福田_Futian_彩田路_Caitian_Road_深業上城_UpperHills_Shopping_mall_shop_automobile_showroom_October_2023_R12S_13.jpg 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.{{Cite news |date=2018-02-23 |title=China's Geely Buys $9 Billion Daimler Stake |url=https://www.bloomberg.com/news/articles/2018-02-23/china-s-geely-is-said-to-be-buying-9-billion-stake-in-daimler |access-date=2021-03-06 |publisher=Bloomberg L.P. |language=en}} {{As of|2024}}, Li Shufu is the second-largest Mercedes-Benz AG shareholder after BAIC Group.{{Cite web |last=Group |first=Mercedes-Benz |title=Shareholder Structure Mercedes-Benz Group AG |url=https://group.mercedes-benz.com/investors/share/shareholder-structure/ |access-date=2024-05-22 |website=Mercedes-Benz Group |language=en}}

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 {{CNY|5.4 billion|link=yes}}, with each company contributing {{CNY|2.7 billion}}.{{Cite web |title=Geely, Mercedes-Benz establish joint venture in east China - Xinhua {{!}} English.news.cn |url=http://www.xinhuanet.com/english/2020-01/08/c_138688738.htm |access-date=2024-05-21 |website=www.xinhuanet.com}} 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.{{Cite web |title=Smart Concept #1 Arrives In Munich As Not-So-Small Electric Crossover |url=https://www.motor1.com/news/531092/smart-concept-1-munich-reveal/ |access-date=2021-09-07 |website=Motor1.com |language=en}} Smart electric vehicles from the partnership are based on the Sustainable Experience Architecture (SEA) electric vehicle platform developed by Geely.{{Cite web |last=Chilton |first=Chris |date=November 17, 2022 |title=New Smart #3 Is A Cool-Looking Compact Electric Crossover That America Won't Get |url=https://www.carscoops.com/2022/11/upcoming-smart-3-is-a-cool-looking-compact-electric-crossover-that-america-wont-get/ |website=Carscoops}}

In August 2021, ZGH through its subsidiary Geely Auto formed a strategic partnership with Renault.{{cite web |date=9 August 2021 |title=Renault partners Geely in China, South Korea |url=https://europe.autonews.com/automakers/renault-partners-geely-china-south-korea |access-date=8 November 2022 |work=Automotive News Europe}} 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,{{cite web |title=Renault Samsung to produce green cars developed by Renault Group and Geely |url=http://www.businesskorea.co.kr/news/articleView.html?idxno=86712 |access-date=15 January 2022 |work=businesskorea.co.kr}}{{cite web |title=Renault will use Geely's CMA platform for (some of) its future cars |url=https://www.topspeed.com/cars/car-news/renault-will-use-geely-s-cma-platform-for-some-of-its-future-cars/ |access-date=15 January 2022 |work=TopSpeed.com}}{{cite journal |last1=Nouvelle |first1=L'Usine |date=21 January 2022 |title=Renault conclut son alliance avec Geely pour redresser ses ventes en Corée du Sud |trans-title=Renault signs alliance with Geely to boost sales in South Korea |url=https://www.usinenouvelle.com/article/renault-conclut-son-alliance-avec-geely-pour-redresser-ses-ventes-en-coree-du-sud.N1776432 |journal=L'Usine Nouvelle |language=French |access-date=22 January 2022}}

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.{{cite press release |url=https://en.media.renaultgroup.com/news/geely-automobile-holdings-to-acquire-34-02-of-the-shares-of-renault-korea-motors-cf0b-989c5.html |title=Geely Automobile Holdings to acquire 34.02% of the shares of Renault Korea Motors |publisher=Renault |date=10 May 2022 |access-date=10 May 2022}}{{cite web |last=Leggett |first=David |date=10 May 2022 |title=Geely to acquire 34% of Renault Korea Motors |url=https://www.just-auto.com/dashboard/deals/geely-to-acquire-34-of-renault-korea-motors/ |access-date=10 May 2022 |publisher=Just-auto.com}}

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.{{cite web |last=Brodie |first=James |date=8 November 2022 |title=Renault launches Ampere electric car business unit and Geely ICE joint-venture |url=https://www.autoexpress.co.uk/renault/359152/renault-launches-ampere-electric-car-business-unit-and-geely-ice-joint-venture |access-date=8 November 2022 |work=AutoExpress}}{{cite press release |title=Geely and Renault Group sign framework agreement to create leading powertrain technology company |url=https://media.renaultgroup.com/geely-and-renault-group-sign-framework-agreement-to-create-leading-powertrain-technology-company/?lang=eng |access-date=8 November 2022 |date=8 November 2022 |publisher=Renault}} The joint venture was officially established in late May 2024 as Horse Powertrain Limited, headquartered in London, United Kingdom.{{Cite web |date=31 May 2024 |title=Renault, Geely create joint venture for hybrid, combustion engines |url=https://www.reuters.com/business/autos-transportation/renault-geely-create-joint-venture-hybrid-combustion-engines-2024-05-31 |accessdate=31 May 2024 |website=Reuters}}

In February 2024, Renault and Geely announced a framework agreement to expand their strategic collaboration in the production and sale of electric vehicles in Brazil. Under the agreement, Geely Holding Group will invest in Renault do Brasil, acquiring a minority stake in the company. This investment will grant Geely access to localized production, sales, and service resources in Brazil, enhancing its presence in the region.{{Cite web |title=吉利和雷诺在巴西签署战略合作框架协议 |url=https://auto.gasgoo.com/news/202502/18I70418773C109.shtml |access-date=2025-02-23 |website=auto.gasgoo.com}}

{{Main|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.{{cite web |date=7 January 2021 |title=Chinese search giant Baidu to make electric cars |url=https://www.theverge.com/2021/1/7/22218903/china-baidu-geely-electric-cars-partnership-tech |access-date=2021-02-01 |work=The Verge |language=en}}{{cite web |last=Baldwin |first=Roberto |date=11 January 2021 |title=Geely to Partner with Chinese Tech Giant Baidu to Build Smart EVs |url=https://www.caranddriver.com/news/a35181624/geely-baidu-partnership-electric-vehicles-announced/ |access-date=2021-02-01 |website=caranddriver.com |language=en-US}} 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.{{Cite web |last=马清 |title=Geely, Baidu unveil new car brand Ji Yue |url=https://www.chinadaily.com.cn/a/202308/15/WS64db0929a31035260b81c3f1.html |access-date=2023-08-25 |website=www.chinadaily.com.cn}}{{Cite web |title=百度吉利合作造车"集度"之后添"极越" 二者有何不同？ {{!}} 投中网 |trans-title=Baidu and Geely cooperate to build "Jidu" car and then add "Jiyue". What is the difference between the two? {{!}} Touzhong.com |url=https://www.chinaventure.com.cn/news/110-20230816-376732.html |access-date=2023-08-25 |website=www.chinaventure.com.cn}}{{Cite web |title=Geely, Baidu Hitch Up on New EV Brand - Caixin Global |url=https://www.caixinglobal.com/2023-08-16/geely-baidu-hitch-up-on-new-ev-brand-102093786.html |access-date=2023-08-25 |website=www.caixinglobal.com |language=en}}

{{Main|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.

File:Geely Preface facelift 001.jpg|Geely Xingrui

File:Geely Xingyue L Hi-F 001.jpg|Geely Xingyue L

File:Geely Haoyue L 007.jpg|Geely Haoyue

{{Main|Geely Galaxy}}

Geely Galaxy ({{Lang-zh|c=吉利银河|l=}}){{cite web |date=19 February 2023 |title=Geely's Milky Way Brand Teases First Hybrid SUV Named L7 |url=https://carnewschina.com/2023/02/19/geelys-milky-way-brand-teases-first-hybrid-suv-named-l7/}} is Geely's mass-market{{Cite web |title=2023 Annual Results |url=http://www.geelyauto.com.hk/wp-content/uploads/2024/03/e_20240320-Annual-Results-PPT.pdf |access-date=2024-05-22 |website=Geely Automobile Holdings Limited}} 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.{{Cite web |title=Geely Galaxy is the new executive EV brand to be unveiled next week |url=https://www.arenaev.com/geely_galaxy_is_the_new_executive_ev_brand_to_be_unveiled_next_week-news-1433.php |website=ArenaEV.com}}{{Cite web |title=Geely Auto Looks to Geely Galaxy for Electric Future |url=http://zgh.com/media-center/news/2023-02-23/?lang=en |accessdate=11 March 2023}}{{Cite web |title=Geely's Galaxy EV Luxury Brand Debuts Light BEV Study, L7 PHEV |url=https://insideevs.com/news/654121/geely-galaxy-ev-luxury-sub-brand-debuts-light-bev-study-l7-phev/ |website=InsideEVs}}{{Cite web |title=吉利几何品牌正式并入银河_新闻_新出行 |url=https://www.xchuxing.com/article/135666#:~:text=10%20%E6%9C%889%20%E6%97%A5%EF%BC%8C%E5%9C%A8,A%20%E7%BA%A7%E7%BA%AF%E7%94%B5SUV%E3%80%82 |access-date=2024-10-09 |website=www.xchuxing.com}}

File:Geely_Galaxy_L7_001.jpg|Geely Galaxy L7

File:Geely_Galaxy_L6_001.jpg|Geely Galaxy L6

File:Geely_Galaxy_E8_20231120_(cropped).jpg|Geely Galaxy E8

{{Main|Geely Radar}}

Geely Radar ({{Lang-zh|c=吉利雷达|s=}}), or Riddara outside China, is a battery electric pick-up truck brand owned by ZGH. The brand's first vehicle, the Radar RD6, was unveiled in 2022.{{cite web |date=2022-07-13 |title=Geely's Radar RD6 EV Pickup Debuts In China Alongside New Outdoors Lifestyle Vehicle Brand |url=https://www.carscoops.com/2022/07/geelys-radar-rd6-ev-pickup-debuts-in-china-alongside-new-outdoors-lifestyle-vehicle-brand/ |access-date=2022-07-21 |publisher=Carscoops}} The brand was consolidated into Geely Auto in November 2024.

File:2022 Radar RD6 (front).jpg|Radar Horizon

{{Main|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.For 2007 joint venture, see {{cite web |author=Tracey Tong, Angel YY Yeung |date=7 September 2007 |title=Geely Automobile Holdings Limited Announced Interim Results for the Six Months Ended 30 June 2007 Net Profit Declined by 32% to HKD82 million |url=http://www.geelyauto.com.hk/core/files/press-release/en/200791010413522.pdf |access-date=28 February 2015 |work=Jovian Communications |publisher=Geely}}

• For 2013 purchase of company, see {{cite web |author=JONES, RHYS |date=1 February 2013 |title=China's Geely buys black cab maker Manganese Bronze |url=http://uk.reuters.com/article/uk-manganesebronze-idUKBRE9100BW20130201 |access-date=28 February 2015 |work=Reuters.com}}

In February 2025, the LEVC has been consolidated into Geely Galaxy.{{Cite web |title=吉利银河-新能源架构造车引领者-吉利银河汽车官方网站 |url=https://galaxy.geely.com/ |access-date=2025-02-15 |website=galaxy.geely.com}}

File:2019 LEVC TX Vista Comfort Plus 1.5.jpg|LEVC TX

File:LEVC VN5 Classic-Gala 2021 1X7A0300.jpg|LEVC VN5

File:LEVC L380 005.jpg|Geely Galaxy LEVC L380

{{Main|Zeekr}}

Zeekr ({{Lang-zh|c=|first="g, k"|s=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.

The brand was founded in 2021 as an offshoot of Lynk & Co, as its first vehicles were meant to be Lynk & Co models.{{Cite web |last=Söderlind |first=Alrik |date=2023-12-12 |title=PROV: Zeekr X – Volvos mardröm |url=https://www.mestmotor.se/automotorsport/artiklar/provkorningar/20231212/prov-zeekr-x-volvos-mardrom/ |access-date=2024-01-27 |website=auto motor & sport |language=sv-SE}} However after a major shareholding restructuring in 2024, it holds 51% of Lynk & Co currently.

File:Zeekr 001 IMG001.jpg|Zeekr 001

File:Zeekr 009 007.jpg|Zeekr 009

File:2023 Zеekr X (front).jpg|Zeekr X

{{Main|Lynk & Co}}

Lynk & Co ({{zh|s=领克}}) was established in 2017 that uses technology developed jointly by Volvo Cars and Geely Auto.{{cite web |date=August 4, 2017 |title=Volvo Cars and Geely agree on technology sharing and the formation of LYNK & CO |url=https://www.media.volvocars.com/global/en-gb/media/pressreleases/211440/volvo-cars-and-geely-agree-on-technology-sharing-and-the-formation-of-lynk-and-co |access-date=December 19, 2021 |website=Volvo Cars Global Newsroom |publisher=Volvo Car Corporation}} 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.

File:Lynk & Co 03 facelift 006.jpg|Lynk & Co 03

File:Lynk & Co 08 003.jpg|Lynk & Co 08

File:Lynk & Co 09 008.jpg|Lynk & Co 09

{{Main|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.{{Cite web |last=Lye |first=Gerard |date=24 May 2017 |title=Geely to acquire 49.9% stake in Proton, 51% in Lotus – definitive agreement to be signed before end of July |url=https://paultan.org/2017/05/24/geely-to-acquire-49-9-percent-stake-in-proton-51-percent-in-lotus/ |website=Paultan.org}} 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.{{Cite web |last=Lee |first=Jonathan |date=12 December 2018 |title=Proton X70 SUV launched in Malaysia, from RM99,800 |url=https://paultan.org/2018/12/12/proton-x70-suv-launched-in-malaysia-rm100k-124k/ |website=Paultan.org}}

In July 2023, after the internal restructuring in Geely Group, the Proton brand was consolidated into the balance sheets of Geely Auto.{{Cite web |date=2023-06-02 |title=Geely transfers Proton shares to another subsidiary to reduce 'connected transactions' - what is this about? - paultan.org |url=https://paultan.org/2023/06/02/geely-transfers-proton-shares-to-another-subsidiary-to-reduce-connected-transactions-what-is-this-about/ |access-date=2023-12-08 |website=Paul Tan's Automotive News |language=en-US}}

File:Proton X50 1.5 TGDi Flagship – f 13032025.jpg|Proton X50

File:2020 Proton X70 Premium (CKD) front view 01.png|Proton X70

File:Proton S70 1.5 T Flagship – f 13032025.jpg|Proton S70

{{Main|Volvo Cars}}

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

File:Volvo S90 T8 (SPA) Facelift IMG 5692.jpg|Volvo S90

File:JAIA18 Volvo XC60 T5 AWD Inscription 1.jpg|Volvo XC60

File:2018 Volvo XC90 Inscription D5 PowerPulse AWD 2.0.jpg|Volvo XC90

{{Main|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.{{cite web |date=July 12, 2021 |title=Volvo Cars increases shareholding in Polestar to 49.5 per cent |url=https://www.media.volvocars.com/global/en-gb/media/pressreleases/285170/volvo-cars-increases-shareholding-in-polestar-to-495-per-cent |access-date=December 19, 2021 |website=Volvo Cars Global Newsroom |publisher=Volvo Car Corporation}}

File:Polestar 2 facelift 001.jpg|Polestar 2

File:Polestar 3 001.jpg|Polestar 3

File:Polestar 4 IMG01.jpg|Polestar 4

{{Main|Livan Automotive|Shanghai Maple}}

The Maple brand name originated with Shanghai Maple Automobile, a Geely subsidiary established in 1999 and phased out in 2010.{{cite web |script-title=zh:华普品牌介绍 |trans-title=Brand Introduction of Shanghai Maple |url=http://www.geely.com/brands/sma/brand/ |archive-url=https://web.archive.org/web/20090420193242/http://www.geely.com/brands/sma/brand/ |archive-date=2009-04-20 |publisher=Geely Holding Group |language=zh}} 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 ({{Lang-zh|c=|s=睿蓝}}), and the previous Maple products were reconsolidated into Livan.

File:2023 Livan 7 (front).jpg|Livan 7

File:Livan 8 001.jpg|Livan 8

File:Livan 9 001.jpg|Livan 9

{{Main|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.{{Cite web |last=Horrell |first=Paul |date=24 May 2017 |title=Chinese car giant Geely has bought Lotus |url=https://www.topgear.com/car-news/chinese-car-giant-geely-has-bought-lotus |website=TopGear.com}}

File:Lotus Eletre 010.jpg|Lotus Eletre

File:Lotus Emira.jpg|Lotus Emira

File:Lotus Emeya 003.jpg|Lotus Emeya

{{Main|Farizon Auto}}

Farizon Auto ({{Lang-zh|c=|s=远程汽车}}) was established in 2016 to focus on the development and sales of electric commercial vehicles.

File:ABD7306 at Xiajia Hutong (20230217153854).jpg|Farizon Xingzhi H8E

File:Farizon SV 001.jpg|Farizon SV

File:Farizon Xingxiang 005.jpg|Farizon Xingxiang V

Farizon also has a sub-brand called Ouling ({{Lang-zh|c=|s=欧铃}}) selling gasoline-powered lower end micro trucks.

File:Ouling Fengrui F3 001.jpg|Ouling Fengrui F3

{{Main|Jidu Auto}}

{{Main|Ji Yue}}

Jidu Auto ({{Lang-zh|c=集度|s=}}) is a joint venture between ZGH and Baidu that would be engaged in the production of electric vehicles in different segments starting in 2022.{{cite web |date=2021-04-27 |title=Jidu Auto to invest billions in electrification by 2026 |url=https://www.electrive.com/2021/04/27/154085/ |access-date=2021-09-24 |website=electrive.com |language=en-US}} Jidu Auto is owned 55% by Baidu and 45% by Geely.

The Ji Yue ({{Lang-zh|c=极越|s=}}) 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.{{Cite web |title=百度吉利合作造车"集度"之后添"极越" 二者有何不同？ {{!}} 投中网 |url=https://www.chinaventure.com.cn/news/110-20230816-376732.html |access-date=2023-08-25 |website=www.chinaventure.com.cn}} 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.{{Cite web |title=JI YUE – Zhejiang Geely Holding Group |url=https://zgh.com/jiyue/?lang=en |access-date=2023-08-25 |language=en-US}}

File:Jidu Robo-01 001.jpg|Ji Yue 01

File:Jiyue 07 001.jpg|Ji Yue 07

{{Main|Smart (marque)}}

In 2019, Mercedes-Benz and ZGH revived the Smart brand as a global joint venture, targeted at producing battery electric vehicles in China and selling them globally.{{Cite web |title=Mercedes-Benz and Geely Holding formally established global joint venture "smart Automobile Co., Ltd." for the smart brand |url=https://media.smart.com/mercedes-benz-and-geely-holding-formally-established-global-joint-venture-smart-automobile-co-ltd-for-the-smart-brand/ |access-date=2023-05-12 |website=Mercedes-Benz and Geely Holding formally established global joint venture “smart Automobile Co., Ltd.” for the smart brand |language=en}} In 2022, the joint venture launched its first model, the Smart #1.

File:Smart 1 2023030801.jpg|Smart #1

File:Smart 3 004.jpg|Smart #3

File:Smart 5 001.jpg|Smart #5

{{Main|Geely Geometry}}

Geely Geometry ({{Lang-zh|c=吉利几何}}) is the battery electric vehicle range of Geely-based cars. Previously independent, the Geometry brand that was established in 2019 was consolidated into Geely Auto as an entry-level battery electric product series in March 2023.{{Cite web |last=World |first=Automotive |date=2023-03-21 |title=Geely Auto 2022 financial results released |url=https://www.automotiveworld.com/news-releases/geely-auto-2022-financial-results-released/ |access-date=2023-04-13 |website=Automotive World |language=en-GB}}{{Cite web |title=定名"吉利几何" 几何汽车品牌更名 |url=https://auto.sina.com.cn/zz/hy/2023-04-11/detail-imypwzmk4598650.shtml |access-date=2023-04-13 |website=auto.sina.com.cn}} In October 2024, the brand was merged into Geely Galaxy, becoming a "smart boutique small car series" within Geely Galaxy.

File:2019 Geely Geometry A (front).jpg|Geometry A

File:Geometry C 012.jpg|Geometry C

File:2022 Geely Geometry E (front).jpg|Geometry E

{{clear}}

{{Main|Emgrand}}

Emgrand ({{zh|s=帝豪}}) was launched in 2009 as a medium- to high-end luxury brand.{{cite web |date=2009-07-28 |title=Geely Emgrand brand-----to build new image of automobile in China |url=http://www.geely.com/Brands/international/news/international_news/29224.html |url-status=dead |archive-url=https://web.archive.org/web/20110810055449/http://www.geely.com/Brands/international/news/international_news/29224.html |archive-date=2011-08-10 |publisher=Geely}} In 2014, Emgrand ceased to be a standalone brand, and Emgrand became a sub-brand of Geely, which itself adopted an updated version of the Emgrand logo.

File:Emgrand_EC7_01_China_2012-04-15.jpg|Emgrand EC7

File:Emgrand_EC7-RV_China_2012-05-18.jpg|Emgrand EC7-RV

File:Emgrand EC820 001.jpg|Emgrand EC8

{{clear}}

Englon ({{zh|s=英伦}}) was launched in 2010 to replace the Shanghai Maple brand.{{cite web|url=http://www.chinacartimes.com/2010/11/29/englon-brand-to-get-major-boost-in-2011/|title=Englon brand to get major boost in 2011|date=2010-11-29|work=China Car Times|access-date=2011-07-23|archive-url=https://web.archive.org/web/20110723154619/http://www.chinacartimes.com/2010/11/29/englon-brand-to-get-major-boost-in-2011/|archive-date=2011-07-23|url-status=dead}} Geely claimed Englon emulated classic, British styled cars. Some of its cars were built by Geely subsidiary Shanghai LTI.{{cite web |title=Geely Releases All-New Englon SC5-RV Subcompact |url=http://chinaautoweb.com/2010/11/geely-releases-all-new-englon-sc5-rv-subcompact-2/ |access-date=26 January 2016 |website=ChinaAutoWeb}} As Geely fully acquired The London Taxi Company in 2013, the emblem of Englon also became the new logo of The London Taxi Company.{{Clear}}

File:2013 Geely-Shanghai Englon SC5-RV 1.5L, front 8.16.18.jpg|Englon SC5-RV

File:Englon SC7 Haijing Shishi 01 2022-09-10.jpg|Englon SC7

File:Englon TX4.jpg|Englon TX4

{{Main article|Gleagle}}

Gleagle ({{zh|s=全球鹰}}) was Geely's entry-level brand sold between 2010 and 2015.{{cite web |date=2010-12-06 |title=Short Torque |url=http://www.chinadaily.com.cn/cndy/2010-12/06/content_11654942.htm |work=China Daily}} Some Gleagle cars, such as the Gleagle Panda, were available for sale on the internet in China via the Taobao Mall, a popular e-commerce site.{{cite web |date=2010-12-06 |title=China's Geely opens online car store on Taobao |url=https://www.reuters.com/article/geely-taobao-idUSTOE6B505I20101206 |work=Reuters}}{{cite web |date=2010-12-07 |title=China's Geely now selling cars online |url=http://www.chinadaily.com.cn/bizchina/2010-12/07/content_11663351.htm |work=China Daily}} While Geely would deliver the car to the customer's address, buying one of the Panda models on offer did necessitate a trip to a traditional dealer.{{cite web |date=2010-12-08 |title=Geely nets online store |url=http://www.chinadaily.com.cn/bizchina/2010-12/08/content_11670643.htm |work=China Daily}} This sub-brand was discontinued in 2015. Most Gleagle products continued to be sold directly under the Geely brand.{{Clear}}

File:2011 Geely-Gleagle Yuanjing (Vision), front 8.14.18.jpg|Gleagle GC7

File:Gleagle GX7 facelift -- Auto China -- 2014-04-23.jpg|Gleagle GX7

File:2009_Geely_Gleagle_Panda.jpg|Gleagle Panda

{{Main|Zhidou}}

Zhidou ({{zh|s=知豆}}) Zhidou Auto or ZD Auto brand specialized in microcars. The brand was discontinued since 2021. In March 2022, real estate developer Yinyi Shares announced its participation in the restructuring of Zhidou Automobile.{{Cite web |last=电车汇 |date=2022-03-02 |title=银亿股份要复活知豆，又是一家房地产企业跨界造车 |trans-title=Yinyi shares is going to revive Zhidou, another real estate company to cross over into car manufacturing |url=https://finance.sina.com.cn/tech/2022-03-02/doc-imcwipih6241346.shtml |access-date=2024-11-08 |website=finance.sina.com.cn}} But it ended in nothing. Instead, Geely and Aima Technology Group restructured Zhidou from bankruptcy. Operation was reportedly restarted in 2024 by introduced the new electric microcar model called Zhidou Rainbow.{{cite web|access-date=2024-03-24|date=2024-03-06|title=Chinese car brands never die Chapter 2563: Zhidou Rainbow puts China’s once 2nd largest NEV producer back in the game|first=Mark|last=Andrews |url=https://carnewschina.com/2024/03/06/chinese-car-brands-never-die-chapter-2563-zhidou-rainbow-puts-chinas-once-2nd-largest-nev-producer-back-in-the-game/}} Since then, the name Zhidou is also spelled as Zhido.

File:2018 Geely-Zhidou D2S, front 8.11.18.jpg|Zhidou D2S

File:Zhidou D1 001.jpg|Zhidou D1

File:2017 Geely-Zhidou D2, front 8.11.18.jpg|Zhidou D2

{{clear}}

{{Main|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.

{{Main|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.

{{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.

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.{{Cite web |title=Shareholder Structure |url=https://group.mercedes-benz.com/investors/share/shareholder-structure/ |access-date=2023-10-15 |website=Mercedes-Benz Group |language=en}}

Aston Martin (17% stake)

• In September 2022, Geely acquired a 7.6% stake in Aston Martin Lagonda.{{Cite web |date=30 September 2022 |title=Breaking: Geely acquires 7.6% stake in Aston Martin |url=https://www.autocar.co.uk/car-news/business-finance-and-corporate/breaking-geely-acquires-76-stake-aston-martin |website=Autocar}}{{Cite web |date=30 September 2022 |title=Geely takes stake in Aston Martin |url=https://europe.autonews.com/automakers/geely-takes-stake-aston-martin |website=Automotive News Europe}}{{Cite web |date=30 September 2022 |title=China's Geely buys 7.6% stake in Aston Martin Lagonda |url=https://abcnews.go.com/International/wireStory/chinas-geely-buys-76-stake-aston-martin-lagonda-90757391 |website=ABC News}}
• In May 2023, Geely increased its stake to 17%, becoming the third-largest shareholder after the Yew Tree consortium and the Saudi Arabia Public Investment Fund.{{Cite web |date=18 May 2023 |title=Geely doubles stake in Aston Martin to 17% |url=https://www.ft.com/content/c02a9658-106e-4e71-b181-381b7ec935a3 |website=Financial Times}}{{Cite web |date=18 May 2023 |title=Aston Martin stock soars as China's Geely to become no.3 shareholder |url=https://www.reuters.com/business/autos-transportation/chinas-geely-invest-295-mln-aston-martin-2023-05-18/ |website=Reuters}}{{Cite web |date=18 May 2023 |title=Geely doubles stake in Aston Martin |url=https://europe.autonews.com/automakers/geely-ups-aston-martin-stake-17-third-largest-shareholder |website=Automotive News Europe}}

Volvo Group (6.8% stake)

• In 2017, Geely acquired an 8.2% stake of Volvo AB, which is also about 15% of votes.{{Cite news |date=2018-06-18 |title=China's Geely completes deal to buy AB Volvo stake |language=en |work=Reuters |url=https://www.reuters.com/article/us-geely-ab-volvo-purchase-idUSKBN1JE1WA |access-date=2023-11-11}}{{Cite news |last=Wee |first=Sui-Lee |date=2017-12-27 |title=Geely Buys Stake in Volvo Trucks, Despite China Restrictions |language=en-US |work=The New York Times |url=https://www.nytimes.com/2017/12/27/business/dealbook/china-volvo-geely.html |access-date=2023-11-11 |issn=0362-4331}}
• 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.{{Cite web |title=吉利减持沃尔沃集团近6.8亿美元股份 |url=https://auto.gasgoo.com/newsflash/202401/11I224386.shtml |access-date=2024-01-11 |website=auto.gasgoo.com}}

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.{{Cite web |title=Geely signs deal to buy 34% of Renault's South Korea business |url=https://asia.nikkei.com/Business/Business-deals/Geely-signs-deal-to-buy-34-of-Renault-s-South-Korea-business |access-date=2023-11-28 |website=Nikkei Asia |language=en-GB}}

Horse (45% stake)

• A joint venture between Renault and Geely, it is set to manufacture internal combustion engined (ICE) and hybrid powertrains for Renault, Nissan and Mitsubishi vehicles with Geely's technology.{{Cite web |date=May 7, 2023 |title=HORSE, new leading powertrain technology company is now fully operational and ready to reinvent combustion |url=https://media.renaultgroup.com/horse-new-leading-powertrain-technology-company-is-now-fully-operational-and-ready-to-reinvent-combustion/ |access-date=2023-12-27 |website=Newsroom Renault Group}}

Drivetrain Systems International (divested)

• In 2009, Geely bought Drivetrain Systems International Pty Ltd,{{cite web |date=2010-11-12 |title=China Geely on track to meet target |url=https://www.reuters.com/article/us-summit-auto-geely-idUSTRE6AA12Z20101112 |work=Reuters}} a global transmission developer headquartered in Australia.
• In 2015, Geely sold DSI to a Chinese investment company Shuanglin, which continue to manufacture the DSI designed products in Xiangtan, Jining and Ninghai.

• Caocao Chuxing  ({{zh|s=曹操出行|labels=no}}) – 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 ({{lang|zh|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.{{Cite news|date=July 20, 2016|title=Qianjiang Motorcycle: Always call "call"|work=finance.china|url=http://finance.china.com.cn/roll/20160720/3818975.shtml|access-date=2018-12-21}}
• Geespace plans to create a network of low earth orbit satellites that will send precise positioning information to self-driving cars.{{cite web |url=https://news.satnews.com/2021/10/04/chinas-geely-builds-satellites-to-guide-autonomous-vehicles/ |title=China's Geely Builds Satellites To Guide Autonomous Vehicles |publisher=News.satnews.com |date=October 4, 2021 |access-date=2022-02-27}}

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.{{Cite web |title=Mitime Group – 吉利控股集团官网 |url=https://zgh.com/our-brands/mitime-group/?lang=en |access-date=2023-05-16 |language=zh-hans}}

• 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.

{{Main|Meizu}}

In June 2022, Geely acquired a majority stake of Meizu, a Chinese consumer electronics manufacturer based in Zhuhai, Guangdong.{{Cite web |last=Liao |first=Rita |date=2022-07-05 |title=Founder of auto giant Geely buys Meizu |url=https://techcrunch.com/2022/07/04/geely-meizu-acquisition/ |access-date=2024-01-09 |website=TechCrunch |language=en-US}}

File:Главное здание Университета Джили в Пекине.jpg

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.

• Geely University – a private university located in Chengdu
• University of Sanya – a private university located in Hainan

• 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

Many of Geely's subsidiaries produce vehicles using shared architectures.

• SPA – Scalable Product Architecture platform (2014–present)
• SEA – Sustainable Experience Architecture platform (2021–present)
• GEA – Global Intelligent New Energy Architecture (2024–present)
• CMA – Compact Modular Architecture platform (2017–present)
• SMA – Scalable Modular Architecture (2025–present)
• BMA – B-segment Modular Architecture platform (2018–present)

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".{{Cite web |title=Geely prépare l'après-pétrole chinois en Islande |url=https://www.lepoint.fr/automobile/geely-prepare-l-apres-petrole-chinois-en-islande-03-07-2015-1942248_646.php |website=le point|date=3 July 2015 }}

• Automobile manufacturers and brands of China
• List of automobile manufacturers of China
• Automotive industry in China

{{Reflist|2}}

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• {{Official website}}

{{Zhejiang Geely Holding Group}}

{{Geely}}

{{Automotive industry in the People's Republic of China}}

{{Authority control}}

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