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Wikipedia

Geely

March 29, 2023

For the subsidiary company, see Geely Auto.

Zhejiang Geely Holding Group Co., Ltd (ZGH), commonly known as Geely (吉利 /ˈdʒiːliː/ "auspicious"), is a Chinese multinational automotive company headquartered in Hangzhou, Zhejiang. The company is privately held by Chinese billionaire entrepreneur Li Shufu. It was established in 1986 and entered the automotive industry in 1997 with its Geely Auto subsidiary.[18] Geely Auto is currently the seventh largest automobile manufacturer in China, with 1.328 million sales in China in 2021. Globally, the group sold over 2.2 million cars in 2021,[19] and over 17,926 plug-in electric vehicles in January 2022.[20]

Zhejiang Geely Holding Group Co., Ltd.
Geely headquarters in Hangzhou, Zhejiang
TypePrivate
IndustryAutomotive
Founded6 November 1986; 36 years ago (1986-11-06)[1]
in Taizhou, Zhejiang
FounderLi Shufu
HeadquartersBinjiang District, Hangzhou, Zhejiang, China
Area served
Worldwide
Key people
  • Li Shufu (Founder & Chairman)
  • An Cong Hui (President)
ProductsAutomobiles, engines, transmissions, luxury vehicles
Revenue ¥92.1 billion RMB[2] (2020)
¥9.636 billion RMB[2] (2020)
¥6.44 billion RMB[2] (2020)
Total assets ¥206.74 billion RMB[2] (2020)
Total equity ¥64.21 billion RMB[2] (2020)
OwnerLi Shufu
Number of employees
80,000[3]
Subsidiaries
List
Chinese name
Simplified Chinese浙江吉利控股集团有限公司
Traditional Chinese浙江吉利控股集團有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinZhèjiāng Jílì Kònggǔ Jítuán Yǒuxiàn Gōngsī
Websitegeelyholding.com
Footnotes / references
in consolidated financial statement; shareholders' equity figure excluded perpetual bond[17]

The company produces and sells vehicles under its own branding - such as Geely Auto, Geometry, Maple, and Zeekr - and under foreign-located subsidiaries - such as Volvo Cars, Polestar, Lynk & Co, Proton, and Lotus - as well as commercial only vehicles under the London EV Company, Ouling Auto and Farizon Auto brands. It also produces electric vehicles under some of the previously listed brandings, and motorcycles under its subsidiary Zhejiang Geely Ming Industrial (Jiming and Geely brands), Qianjiang Motorcycle (QJMotor and Keeway brands) and Benelli. In September 2022 the group acquired a 7.6% shareholding in Aston Martin Lagonda Global Holdings plc, the ultra-luxury British performance brand Aston Martin.[21]

Overview

Geely is a phonetic transliteration of the company's native name 吉利 (pinyin: Jílì), which means "auspicious" or "propitious" in Chinese.[22]

Zhejiang Geely Holding Group was already manufacturing its own cars long before it acquired the Swedish passenger car maker Volvo Cars from Ford Motor Company in 2010.[23] It completed the acquisition of British taxi maker London EV Company in 2013,[24] and acquired a majority stake in British sports carmaker Lotus in 2017.[25]

Zhejiang Geely Holding Group's business is divided into five sub-groups: Geely Auto Group which includes the brands Geely Auto, Lynk & Co, Proton, and Lotus; 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 Yuan Cheng (Farizon); Geely Group (New Business) which includes the brands Caocao, Terrafugia, Qianjiang Motorcycle, Joma, and other new businesses; and Mitime Group (铭泰集团) which includes ZGH educational institutions, motorsports business, and tourism business. Zhejiang Geely Holding Group has global operations spanning the automotive value chain, from research, development and design to production, sales and service.[26]

Geely Automobile Holdings Ltd (吉利汽车; Jílì Qìchē) (SEHK: 175), a subsidiary of Zhejiang Geely Holding Group, is listed on the Hong Kong Stock Exchange.[27] On 13 February 2017, it became a constituent of the Hang Seng Index.[28]

History

Li Shufu founded Geely in 1986 as a refrigerator maker with money borrowed from family.[22][29]

After the purchase of a failing, state-run firm,[30] Geely manufactured motorcycles in the mid-1990s.[31] Small van production began in 1998,[32] and a year later, it received state approval to manufacture automobiles.[32] Car production began in 2002.[29] A subsidiary of the group, Geely Auto, had its IPO on the Stock Exchange of Hong Kong in 2004.[27]

The company had a booth at the 2005 Frankfurt Motor Show,[33] and a 2006 showing at the Detroit auto show.[22]

Geely approached Ford in mid-2008 about a possible takeover of Volvo Cars. On October 28, 2009, it was named as the preferred buyer of Volvo by the American automaker.[34] A deal was reached in late March and completed in early August, 2010.[35]

In 2010, total sales of over 415,000 units gave the company a near 2% market share.[36][37] Sales were lower than a reported 680,000 units per year production capacity.[38]

In December 2011, it was announced that Geely would begin selling Chinese-designed and -manufactured cars in the United Kingdom at the end of 2012, with the first model to go on sale being the Emgrand EC7.[39][40] The company has also stated its intention to begin sales in Italy.[41]

In May 2017, Geely confirmed plans to purchase a 51% controlling-stake in Lotus Cars[42] from its owner, DRB-HICOM (Proton).[8] Additionally, Geely plans to purchase a 49.9% stake in PROTON Holdings, to facilitate future export growth in right-hand drive markets.[9][43] The deals were seen as an important step for the Chinese carmaker in their quest to make inroads into the lucrative ASEAN region.[25]

In July 2017 the company purchased Terrafugia, an American maker of flying cars.[44] In November 2017, Geely announced completion of the Terrafugia acquisition, including approval from all relevant regulators.[45]

In December 2017, Geely invested €3.25 billion into Swedish truck and construction company Volvo Group, a former parent company of Volvo Cars.[46] The deal made Geely the biggest shareholder by number of shares with an 8.2% stake, and second by voting rights, with 15.6%.[46]

In 2018, Geely purchased a 9.7% stake in Daimler AG, owner of the Mercedes-Benz and Smart brands.[47]

In September 2019, Geely led a round of private funding for Volocopter that raised $55 million for the company. Volocopter's other private investors also include Daimler AG which owns a stake in the company.[48]

In late July 2020, it was announced that the Xingma Group had agreed to transfer a 15.24% 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 Geely Holdings. After the transaction, Geely New Energy Commercial Vehicle Group would become the de facto controlling shareholder of Hualing Xingma.[49]

In September 2020, Geely started talks with rival car manufacturers, including Daimler AG, to license a new architecture it developed for building electric cars. The new technology offers increased driving ranges of up to 700 km and lighter cars.[50]

Geely is set to create an electric vehicle joint venture together with Baidu. Baidu would develop the electric car's software while Geely would manufacture the car itself.[51][52]

On the 23 March 2021, Geely announced its Zeekr brand of electric vehicles brand to tap into China's growing demand for these vehicles. The first Zeekr model will be based on the Zero Concept car unveiled September 2020 by Geely-owned Lynk & Co. Geely expects to begin deliveries of Zeekr models in the third quarter of 2021.[53]

In August 2021, Geely started a strategic partnership with Renault by forming a car production joint venture for China.[54] 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,[55][56] initially intended for the domestic market. Production is set to start by 2024.[57] In May 2022, Renault said a Geely subsidiary was set to acquire a 34.02% 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.[58][59] In November 2022, Renault said it plans to spun off its powertrain production and development operations (including internal combustion engines and hybrid systems) into a joint venture company with Geely as co-owner.[60][61] In March 2023, Aramco signed a letter of intent to join the powertrain joint venture.[62]

During February 2023, Geely announced the group's official launch of a new range of electrical vehicle series product series. Geely also announced the new technologies used in there range and have stated the company plan to release seven Geely Galaxy vehicle models within the next two years. [63]

Automotive divisions and products

Based in China, Zhejiang Geely Holding Group operates all over the world through its many subsidiary brands. The Group's core business activities are within the automotive industry where it controls the following automotive groups and vehicle brands:

Geely Holding Group Automotive Divisions, 2022[64](JV) = Joint Venture
Division Subsidiaries
Geely Auto Group Geely Auto, Geometry, Lynk & Co, Proton Cars(JV)
Zeekr Intelligent Technology ZEEKR
Lotus Group Lotus Cars(JV), Lotus Technology(JV)
Smart Automobile Smart(JV)
Volvo Car Group Volvo Cars, Polestar
LEVC London Electric Vehicle Company
Geely New Energy Commercial Vehicle Group Farizon Auto, Hanma Technology(JV), Ou Ling Auto, Green Intelligent Link, Oneworld Technology
Shanghai Maple Automobile Co., Ltd Maple/Livan.[65]

Many of Geely's early products were based on the Xiali, a variant of the 1987 Daihatsu Charade. Models such as the Haoqing (豪情) (five-door), Merrie (美日) (five-door), Uliou (优利欧) (four-door), and Urban Nanny (van and pick-up truck) have Charade bases, but feature a more prominent chromed grille.[citation needed]

Geely is known for imbuing a sense of humour in the names of some of their vehicles. One sedan is called the "King Kong", and an early model was named You Li Ou,[29] a play on words that means "better than the Tianjin Xiali or the Buick Sail", two of its competitors.[66]

Vehicle platforms

Many of Geely's subsidiaries produce vehicles using shared architectures. Some examples include:

Brands

Geely Auto

 
Geely Automobile Holdings Ltd. (Geely Auto) is one of biggest subsidiaries of Zhejiang Geely Holding Group.
Main article: Geely Auto

Geely Auto is ZGH's original and mainstream brand, primarily sold in China and select overseas markets.

  •  

    Geely Borui

  •  

    Geely Xingrui

  •  

    Geely Binyue e-Pro

Zeekr

Galaxy (Geely Yinhe)

Geely Yinhe is Geely's upscale range of 'new energy vehicles' (hybrids and EVs) for the executuve market.[67] Even though Yinhe translates as milky way,[68][69] the global brand is being referred to as Galaxy[70] by the company,[71] with pure electric models to be launched under the Galaxy E brand.[72] Six days after showing their Galaxy Light concept, Geely received notice from Changan Automobile that the design was too similar to one of their own cars.[73][74]

Key models include:

  • Galaxy L7 – a plug-in hybrid SUV, formally known as the K7[75][76]
  • Galaxy L6 – a hybrid-powered sedan.[72]
  • Galaxy Light – a concept car.[77]

Geometry

Main article: Geometry (marque)

Geometry is an electric-only range of Geely-based cars. 10 models are planned by 2025.[78]

Key models include:

  •  

    Geometry A

  •  

    Geometry C

Lynk & Co

Main article: Lynk & Co

Owned 50% by Geely Auto, 30% by Volvo Cars, and 20% by Zhejiang Geely Holding Group, Lynk & Co was formed in 2017.[79] It is a Chinese-Swedish car brand based on technology developed jointly by Volvo Cars and Geely Auto.

  •  

    Lynk & Co 01

  •  

    Lynk & Co 02

  •  

    Lynk & Co 03

Maple

Main article: Maple (marque)

This brand name was affiliated with Shanghai Maple Automobile, a Geely subsidiary established in 1999 and phased out in 2010.[80]

Products sold under the Maple NEV brand include:

LEVC

Main article: London EV Company

The London Taxi Company, which was acquired by Zhejiang Geely Holding Group in 2013, changed their name to London Electric Vehicle Company (LEVC) in 2017 to reflect their new mission of developing and producing electric commercial vehicles. With a new factory in Ansty, Coventry, they have begun production of a new generation of zero emission capable new taxi vehicle in late 2017.[85]

Current products sold under the LEVC brand include:

  •  

    LEVC TX

  •  

    LEVC VN5

Volvo Cars

Main article: Volvo Cars

Owned 82% by Zhejiang Geely Holding Group (post Volvo Cars IPO).[14] Zhejiang Geely Holding Group acquired Volvo Cars from Ford Motor Company in 2010.[23]

  •  

    Volvo XC40

  •  

    Volvo S90

Polestar

Main article: Polestar

Owned 50.5% by Zhejiang Geely Holding Group (or associated entities) and 49.5% by Volvo Cars.[86] Polestar, a Swedish all-electric premium car brand, was previously part of Volvo Cars before being spun out into an independent entity.

  •  

    Polestar 1

  •  

    Polestar 2

Farizon

Yuan Cheng Auto (远程汽车) or Farizon Auto was formed in 2016 to focus on the development of commercial vehicles in China and has launched several long range capable truck and bus solutions. Products include:

  •  

    Farizon E200

  •  

    Farizon E200S

  •  

    Farizon Xingzhi

  •  

    Farizon E5L

  •  

    Farizon E6

  •  

    Farizon Xingxiang

  •  

    Farizon FX

  •  

    A Farizon bus

Radar

Radar is Geely's upscale pick-up truck brand, with its name standing for Rational, Alone, Discovery, Accompany, and Romantic.

The brands first vehicle, the RADAR RD6, was unveiled in 2022.[91]

Lotus

Main article: Lotus Cars

Owned 51% by Zhejiang Geely Holding Group and 49% by Etika Automotive. Lotus Cars is a British producer of sports and racing cars. The first Lotus car was built in 1948 and in June 2017, Lotus Cars became majority owned by Zhejiang Geely Holding Group.

Jidu Auto

Main article: Jidu Auto

Jidu Auto, a joint venture between Geely and Baidu, intends to release a full portfolio of electric vehicles in different segments starting in 2022.[92]

  • Jidu ROBO-01 – all electric midsize crossover.
  • Jidu ROBO-02 – all electric midsize sedan.
  •  

    Jidu ROBO-01

  •  

    Jidu ROBO-02

Proton

Main article: Proton Holdings

Owned 49.9% by Zhejiang Geely Holding Group and 50.1% by DRB-Hicom and is managed by Geely Auto Group. Proton is the National Car Brand of Malaysia established in the 1980s at the behest of the government and later reverted to private ownership under DRB Hicom.

Benelli

Main article: 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.

Key models include:

  • Benelli TNT 300
  • Benelli TRK 502
  • Benelli Leoncino 500
    •  

      Benelli TNT 300

    Discontinued brands/ models

    Geely has sold cars under at least three separate brands and may have continued to use the brand name of a purchased company for a short time. The Emgrand, Englon, and Gleagle names were phased out in 2014[93] alongside efforts to reduce sprawl,[94] and the Shanghai Maple brand name was discontinued in 2010 and revived in 2020.[95]

    Previous Geely Auto products

    Previous Emgrand models
    Main article: Emgrand

    Emgrand (Chinese: 帝豪; pinyin: Dìháo) was launched in 2009 as a medium to high-end luxury brand.[97] In 2014 Emgrand ceased to be a stand-alone brand, and Emgrand became a sub-brand of Geely, which itself adopted an updated version of the Emgrand logo.

    Previous products sold under the Emgrand brand include:

    Previous Maple models

    This brand name was affiliated with Shanghai Maple Automobile, a Geely subsidiary established in 1999.[80] It was replaced by the Englon brand in 2010.[95] The brand was revived as Geely's budget NEV brand as of 2020.

    Previous products sold under the Shanghai Maple brand include:

    Englon

    Launched in 2010 and replacing the Shanghai Maple brand,[95] the company claimed Englon (Chinese: 英伦; pinyin: yīng lún) emulated classic, British style, and its model line included a TX4 sold on the Chinese market.[100] Some of its cars were built by Geely subsidiary Shanghai LTI.[101] As Geely fully acquired The London Taxi Company in 2013, the emblem of Englon also became the new logo of The London Taxi Company.[101]

    Gleagle
     
    Here, the former Gleagle logo can be seen on a Geely LC, which was also sold under that brand name.

    Gleagle (Chinese: 全球鹰; pinyin: Quánqiú Yīng) was an entry-level brand.[102]

    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.[103][104] 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.[105]

    Products sold under the Gleagle brand include:

    Zhidou

    Products sold till 2020[109] under the Zhidou Auto or ZD Auto brand included:

    •  

      Zhidou D2S

    Geely Motorcycles
    Main article: Geely Ming Industrial

    Geely produced also motorcycle since 1994 with own subsidiry Geely Ming Industrial Co., with the brand Jiming and Geely Motorcycle.

    Production facilities

     
    Part of an assembly line at a Geely plant in Ningbo, Zhejiang, can be seen here.

    Headquartered in Hangzhou, Zhejiang, Geely has production bases in Lanzhou, Gansu (completed in 2006, Geely construction in the region continued as of August 2010 either for expanding the existing facility or for a new semi-complete knock-down factory); Xiangtan, Hunan;[110] an unnamed location 40 minutes south of Shanghai;[111] Jinan, Shandong; and at Linhai, Luqiao, and Ningbo in Zhejiang.[27]

    At least four overseas factories assemble Geely models probably from semi-complete or complete knock-down kits.[citation needed] Such facilities are or have been located in Indonesia, Sri Lanka (in collaboration with Micro Cars),[112][113] Malaysia, Russia (assembly controlled by local firm Derways), Belarus (BelGee),[114] Azerbaijan (NAZ), Tunisia,[115] and Ukraine. These locations are not necessarily affiliated with or owned by Geely.

    Non-automotive subsidiaries

    Geely Group (new business)

    CAOCAO – CAOCAO ride hailing service was developed by Hangzhou YouXing Technology Company and majority owned by Zhejiang Geely Holding Group. It is the first Chinese new energy focused mobility service.

    Terrafugia – Terrafugia was founded in 2006. The company was acquired in full by Zhejiang Geely Holding Group in 2017.

    Zhejiang Qianjiang Motorcycle Group Co – Qianjiang Motorcycle (钱江摩托) was majority acquired by Zhejiang Geely Holding Group in 2016. The company is one of the largest producers of motorcycles in China and own several renowned brands including Italy's Benelli. They are also known for their lithium battery technology.[116]

    Geespace plans to create a network of low earth orbit satellites that will send precise positioning information to self-driving cars.[117]

    Mitime Group

    Education – ZGH has invested hundreds of millions of RMB in establishing 9 universities and colleges across China, including the Geely University of China (吉利学院), University of Sanya, Xiangtan Institute of Technology (湘潭理工学院), Sanya Institute of Technology (三亚职业理工学院), and Hunan Geely Automobile College (湖南吉利汽车技术职业学院). The wider group has over 40,000 students enrolled within its schools with the goal of developing Chinese automotive industry talents.

    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.

    Tourism – Mitime facilitates tourism and manages hospitality services around its tracks.

    Drivetrain Systems International

    In 2009, Geely bought Drivetrain Systems International Pty Ltd,[118] a global transmission developer headquartered in Australia.

    Meizu

    Main article: Meizu

    In June 2022, Geely acquired a majority stake of Meizu, a Chinese consumer electronics manufacturer based in Zhuhai, Guangdong.

    Dealer network

    Geely refers to its dealer network as 4S stores and also sells some models online.[105] In 2014, it had a reported 900 retail outlets.[94]

    Sales

    Markets

     
    A Geely MK in Singapore. 770 Geely cars were on Singaporean roads in 2010.[119]

    In addition to China, Geely vehicles have been sold in Argentina,[120] Australia,[121] Bahrain,[122] Brazil,[123] Chile,[124] Colombia,[125] Costa Rica,[126] Egypt,[127] Indonesia,[128] Iran,[129] Kuwait,[130] Nepal,[131] New Zealand,[132] Nigeria,[133] Oman,[134] Pakistan, the Philippines,[135] Romania,[136] Russia,[137] Saudi Arabia,[138] South Africa,[139] Syria,[140] Taiwan,[141] Turkey,[142] Ukraine,[143] Uruguay,[144] and Venezuela.[145] In a number of markets, Geely vehicles are assembled in local factories from complete knock-down kits. Geely is also marketed in Lebanon, through the Rasamny Younes dealership network.

    The Cuban government has purchased a considerable number of Geely vehicles, and they are used as police patrol cars[30] or tourist taxis throughout Havana.[146][147]

    The Geely automobile brand was touted to be launched in the United Kingdom in late 2012.[148][149] However, this plan was not pursued and the official website has been offline since mid-2014.

    In July 2020 1st showroom opened in Doha, Qatar.[150]

    Figures

    In 2010, Geely surpassed its 400,000-vehicle sales target goal for the first time selling 415,286 cars[151] of its 680,000 units/year production capacity[118] prompting the company to set its 2011 sales target at 480,000 cars, a 16% increase.[151]

    Geely Auto Group reported annual sales of 1,24 million cars in 2017, an increase of 63% from the previous year.[152] Due to strong 2017 sales, Geely Auto Group has subsequently set its 2018 sales volume target to 1.58 million.

    Geely Auto Group reported annual sales of 1,500,838 units in 2018. This year marks the first time that Geely Auto has reached sales of 1.5 million units.[153]

    Geely domestic sales in China, 2003–present[154]
    Calendar year Sales Growth Market share
    2003 73,779 N/A   3.44%
    2004 98,283   33.21%   3.99%
    2005 143,279   45.78%   4.45%
    2006 205,346   43.32%   4.89%
    2007 219,512   6.90%   4.16%
    2008 221,786   1.04%   4.08%
    2009 329,018   48.35%   3.98%
    2010 414,465   25.97%   3.70%
    2011 432,752   4.41%   3.52%
    2012 491,445   13.56%   3.72%
    2013 549,393   11.79%   3.37%
    2014 425,773   -22.50%   2.31%
    2015 532,384   25.04%   2.64%
    2016 778,896   46.30%   3.30%
    2017 1,251,656   60.70%   5.16%
    2018 1,382,119   10.42%   5.96%
    2019 1,255,480   -9.16%   5.93%
    2020 1,134,433   -9.50%   5.77%
    Geely group global sales by brand[155][156][157]
    Year Total Geely Geometry Livan/Maple LYNK & CO ZEEKR Volvo Polestar Lotus LEVC Farizon Radar Zhidou
    2010 425,194 425,194 - - - - - - - - - - -
    2011 857,006 452,161 - - - - 404,735 - - - - - -
    2012 905,083 527,918 - - - - 377,165 - - - - - -
    2013 979,691 617,484 - - - - 362,207 - - - - - -
    2014 878,818 499,165 - - - - 379,653 - - - - - -
    2015 1,025,287 578,517 - - - - 421,374 - - - - 25,395
    2016 1,333,077 809,079 - - - - 503,706 - - - 1,961 - 20,292
    2017 1,867,066 1,273,837 - - 6,012 - 536,905 - 1,600 - 6,228 - 42,484
    2018 2,212,102 1,401,819 - - 120,414 - 666,586 - 1,630 1,293 5,024 - 15,336
    2019 2,093,962 1,245,168 12,662 - 128,066 - 694,831 - 1,320 2,507 7,313 - 2,095
    2020 2,040,418 1,166,920 10,300 2,620 175,456 - 667,159 9,853 1,378 1,118 5,265 - 349
    2021 2,105,560 1,101,506 55,320 4,945 220,516 6,007 674,232 21,940 1,710 392 18,980 - 12
    2022 2,290,503 1,124,780 149,389 56,140 180,127 71,941 615,121 51,500 undisclosed undisclosed 41,505 undisclosed discontinued
    Geely joint-venture brand sales
    Year Proton(49.9% share) Smart（50% share, Geely model only）
    2017 70,991 -
    2018 64,744 -
    2019 100,183 -
    2020 109,716 -
    2021 114,708 -
    2022 141,432 9,212

    Safety record

    A small Geely sedan, the CK, performed badly in an informal crash test conducted by a Russian magazine in 2007.[158] As a result, Geely reviewed its expansion plans.[159] The Geely CK 1.3L in its most basic version for Latin America with no airbags received 0 stars for adult occupants and 2 stars for infants from Latin NCAP in 2010.[160]

    In 2010, the Geely LC scored 45.3 points of a possible 51 in the China-NCAP crash tests, making it China's first locally researched and developed mini car to be awarded a 5-star rating,[161] and the safest Chinese hatchback[162] as of 2011.[163]

    In 2011, the Geely Emgrand EC7 earned a 4-star rating in a Euro NCAP crash test.[164] In 2015 the Geely Borui received 5 stars in C-NCAP crash testing.[165]

    Controversies

    The 2009 Geely GE concept received criticism for looking like a Rolls-Royce.[166]

    An unsuccessful lawsuit was brought against the company in the early 2000s by Toyota, which claimed Geely had "implied in ads that some of the parts [used in Geely vehicles] were made by Toyota".[167] Geely may also have previously used a logo that resembled that of Toyota.[168]

    In 2020, the Australian Strategic Policy Institute accused at least 82 major brands, including Geely, of being connected to forced Uyghur labor in Xinjiang.[169]

    See also

    • Beijing Geely University – Private university located at Beijing founded by Geely
    • Geely University of China – Private university located at Chengdu founded by Geely
    • University of Sanya – Private university located at Hainan endowed by Geely

    References

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    2. ^ a b c d e "Annual Report 2020" (PDF). Geely Automobile Holdings Limited.
    3. ^ . www.zgh.com. Archived from the original on 23 November 2017. Retrieved 17 January 2022.
    4. ^ "Volocopter announces joint venture with Geely subsidiary Aerofugia". electrive.com. 22 September 2021. Retrieved 5 January 2023.
    5. ^ Cathcart, Alan (12 March 2018). "Volvo owner Geely buys major stake in Benelli owner Qianjiang". DriveMag Riders. Retrieved 5 January 2023.
    6. ^ "Kinesiska staten storägare i Geely-bolag baserat i Göteborg". auto motor & sport (in Swedish). Retrieved 5 January 2023.
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    9. ^ a b Gerard Lye (24 May 2017). "Geely to acquire 49.9% stake in Proton, 51% in Lotus – definitive agreement to be signed before end of July". Driven Communications. from the original on 4 August 2019. Retrieved 27 May 2017.
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    11. ^ "Geely buys stake in Renault Korea, eyeing U.S. exports". Automotive News Europe. 10 May 2022. Retrieved 5 January 2023.
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    13. ^ CAR magazine (28 March 2019). "It's official: Geely buys 50 percent of Smart from Daimler". CAR Magazine. Retrieved 5 January 2023.
    14. ^ a b "Nordic Credit Outlook" (PDF). S&P Global Ratings. December 2021. p. 34. Retrieved 13 December 2021.
    15. ^ Hawkins, Andrew J. (27 September 2021). "Electric car company Polestar is going public via SPAC". The Verge. Retrieved 5 January 2023.
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    External links

    • Brands and companies of Geely
    • Official website
    • Business data for Geely:
      • Bloomberg
      • Google
      • Reuters
      • Yahoo!
    • Geely Global
    • Zhejiang Geely Holding Group website
    • Official Geely Motorcycles website

    March 29, 2023
    geely, subsidiary, company, auto, major, contributor, this, article, appears, have, close, connection, with, subject, require, cleanup, comply, with, wikipedia, content, policies, particularly, neutral, point, view, please, discuss, further, talk, page, march,. For the subsidiary company see Geely Auto A major contributor to this article appears to have a close connection with its subject It may require cleanup to comply with Wikipedia s content policies particularly neutral point of view Please discuss further on the talk page March 2022 Learn how and when to remove this template message Zhejiang Geely Holding Group Co Ltd ZGH commonly known as Geely 吉利 ˈ dʒ iː l iː auspicious is a Chinese multinational automotive company headquartered in Hangzhou Zhejiang The company is privately held by Chinese billionaire entrepreneur Li Shufu It was established in 1986 and entered the automotive industry in 1997 with its Geely Auto subsidiary 18 Geely Auto is currently the seventh largest automobile manufacturer in China with 1 328 million sales in China in 2021 Globally the group sold over 2 2 million cars in 2021 19 and over 17 926 plug in electric vehicles in January 2022 20 Zhejiang Geely Holding Group Co Ltd Geely headquarters in Hangzhou ZhejiangTypePrivateIndustryAutomotiveFounded6 November 1986 36 years ago 1986 11 06 1 in Taizhou ZhejiangFounderLi ShufuHeadquartersBinjiang District Hangzhou Zhejiang ChinaArea servedWorldwideKey peopleLi Shufu Founder amp Chairman An Cong Hui President ProductsAutomobiles engines transmissions luxury vehiclesRevenue 92 1 billion RMB 2 2020 Operating income 9 636 billion RMB 2 2020 Net income 6 44 billion RMB 2 2020 Total assets 206 74 billion RMB 2 2020 Total equity 64 21 billion RMB 2 2020 OwnerLi ShufuNumber of employees80 000 3 SubsidiariesList Aerofugia 4 Benelli 5 CEVT China Euro Vehicle Technology 6 7 Emerald Automotive Geely Auto Zhejiang Geely Ming Industrial London Electric Vehicle Company Lotus Cars 51 8 Lynk amp Co Maple Proton Holdings 49 9 9 Renault Korea 34 2 10 11 Smart 50 50 joint venture with Mercedes Benz 12 13 Qianjiang Motorcycle Ouling Auto Terrafugia Volvo Cars 82 14 Polestar 49 5 15 Yuan Cheng Auto Farizon Auto Zeekr 16 Chinese nameSimplified Chinese浙江吉利控股集团有限公司Traditional Chinese浙江吉利控股集團有限公司TranscriptionsStandard MandarinHanyu PinyinZhejiang Jili Konggǔ Jituan Yǒuxian GōngsiWebsitegeelyholding wbr comFootnotes referencesin consolidated financial statement shareholders equity figure excluded perpetual bond 17 The company produces and sells vehicles under its own branding such as Geely Auto Geometry Maple and Zeekr and under foreign located subsidiaries such as Volvo Cars Polestar Lynk amp Co Proton and Lotus as well as commercial only vehicles under the London EV Company Ouling Auto and Farizon Auto brands It also produces electric vehicles under some of the previously listed brandings and motorcycles under its subsidiary Zhejiang Geely Ming Industrial Jiming and Geely brands Qianjiang Motorcycle QJMotor and Keeway brands and Benelli In September 2022 the group acquired a 7 6 shareholding in Aston Martin Lagonda Global Holdings plc the ultra luxury British performance brand Aston Martin 21 Contents 1 Overview 2 History 3 Automotive divisions and products 3 1 Vehicle platforms 3 2 Brands 3 2 1 Geely Auto 3 2 2 Zeekr 3 2 3 Galaxy Geely Yinhe 3 2 4 Geometry 3 2 5 Lynk amp Co 3 2 6 Maple 3 2 7 LEVC 3 2 8 Volvo Cars 3 2 9 Polestar 3 2 10 Farizon 3 2 11 Radar 3 2 12 Lotus 3 2 13 Jidu Auto 3 2 14 Proton 3 2 15 Benelli 3 2 16 Discontinued brands models 3 2 17 Previous Geely Auto products 3 2 17 1 Previous Emgrand models 3 2 17 2 Previous Maple models 3 2 17 3 Englon 3 2 17 4 Gleagle 3 2 17 5 Zhidou 3 2 17 6 Geely Motorcycles 3 3 Production facilities 4 Non automotive subsidiaries 4 1 Geely Group new business 4 2 Mitime Group 4 3 Drivetrain Systems International 4 4 Meizu 5 Dealer network 6 Sales 6 1 Markets 6 2 Figures 7 Safety record 8 Controversies 9 See also 10 References 11 External linksOverview EditGeely is a phonetic transliteration of the company s native name 吉利 pinyin Jili which means auspicious or propitious in Chinese 22 Zhejiang Geely Holding Group was already manufacturing its own cars long before it acquired the Swedish passenger car maker Volvo Cars from Ford Motor Company in 2010 23 It completed the acquisition of British taxi maker London EV Company in 2013 24 and acquired a majority stake in British sports carmaker Lotus in 2017 25 Zhejiang Geely Holding Group s business is divided into five sub groups Geely Auto Group which includes the brands Geely Auto Lynk amp Co Proton and Lotus 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 Yuan Cheng Farizon Geely Group New Business which includes the brands Caocao Terrafugia Qianjiang Motorcycle Joma and other new businesses and Mitime Group 铭泰集团 which includes ZGH educational institutions motorsports business and tourism business Zhejiang Geely Holding Group has global operations spanning the automotive value chain from research development and design to production sales and service 26 Geely Automobile Holdings Ltd 吉利汽车 Jili Qiche SEHK 175 a subsidiary of Zhejiang Geely Holding Group is listed on the Hong Kong Stock Exchange 27 On 13 February 2017 it became a constituent of the Hang Seng Index 28 History EditLi Shufu founded Geely in 1986 as a refrigerator maker with money borrowed from family 22 29 After the purchase of a failing state run firm 30 Geely manufactured motorcycles in the mid 1990s 31 Small van production began in 1998 32 and a year later it received state approval to manufacture automobiles 32 Car production began in 2002 29 A subsidiary of the group Geely Auto had its IPO on the Stock Exchange of Hong Kong in 2004 27 The company had a booth at the 2005 Frankfurt Motor Show 33 and a 2006 showing at the Detroit auto show 22 Geely approached Ford in mid 2008 about a possible takeover of Volvo Cars On October 28 2009 it was named as the preferred buyer of Volvo by the American automaker 34 A deal was reached in late March and completed in early August 2010 35 In 2010 total sales of over 415 000 units gave the company a near 2 market share 36 37 Sales were lower than a reported 680 000 units per year production capacity 38 In December 2011 it was announced that Geely would begin selling Chinese designed and manufactured cars in the United Kingdom at the end of 2012 with the first model to go on sale being the Emgrand EC7 39 40 The company has also stated its intention to begin sales in Italy 41 In May 2017 Geely confirmed plans to purchase a 51 controlling stake in Lotus Cars 42 from its owner DRB HICOM Proton 8 Additionally Geely plans to purchase a 49 9 stake in PROTON Holdings to facilitate future export growth in right hand drive markets 9 43 The deals were seen as an important step for the Chinese carmaker in their quest to make inroads into the lucrative ASEAN region 25 In July 2017 the company purchased Terrafugia an American maker of flying cars 44 In November 2017 Geely announced completion of the Terrafugia acquisition including approval from all relevant regulators 45 In December 2017 Geely invested 3 25 billion into Swedish truck and construction company Volvo Group a former parent company of Volvo Cars 46 The deal made Geely the biggest shareholder by number of shares with an 8 2 stake and second by voting rights with 15 6 46 In 2018 Geely purchased a 9 7 stake in Daimler AG owner of the Mercedes Benz and Smart brands 47 In September 2019 Geely led a round of private funding for Volocopter that raised 55 million for the company Volocopter s other private investors also include Daimler AG which owns a stake in the company 48 In late July 2020 it was announced that the Xingma Group had agreed to transfer a 15 24 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 Geely Holdings After the transaction Geely New Energy Commercial Vehicle Group would become the de facto controlling shareholder of Hualing Xingma 49 In September 2020 Geely started talks with rival car manufacturers including Daimler AG to license a new architecture it developed for building electric cars The new technology offers increased driving ranges of up to 700 km and lighter cars 50 Geely is set to create an electric vehicle joint venture together with Baidu Baidu would develop the electric car s software while Geely would manufacture the car itself 51 52 On the 23 March 2021 Geely announced its Zeekr brand of electric vehicles brand to tap into China s growing demand for these vehicles The first Zeekr model will be based on the Zero Concept car unveiled September 2020 by Geely owned Lynk amp Co Geely expects to begin deliveries of Zeekr models in the third quarter of 2021 53 In August 2021 Geely started a strategic partnership with Renault by forming a car production joint venture for China 54 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 55 56 initially intended for the domestic market Production is set to start by 2024 57 In May 2022 Renault said a Geely subsidiary was set to acquire a 34 02 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 58 59 In November 2022 Renault said it plans to spun off its powertrain production and development operations including internal combustion engines and hybrid systems into a joint venture company with Geely as co owner 60 61 In March 2023 Aramco signed a letter of intent to join the powertrain joint venture 62 During February 2023 Geely announced the group s official launch of a new range of electrical vehicle series product series Geely also announced the new technologies used in there range and have stated the company plan to release seven Geely Galaxy vehicle models within the next two years 63 Automotive divisions and products EditBased in China Zhejiang Geely Holding Group operates all over the world through its many subsidiary brands The Group s core business activities are within the automotive industry where it controls the following automotive groups and vehicle brands Geely Holding Group Automotive Divisions 2022 64 JV Joint Venture Division SubsidiariesGeely Auto Group Geely Auto Geometry Lynk amp Co Proton Cars JV Zeekr Intelligent Technology ZEEKRLotus Group Lotus Cars JV Lotus Technology JV Smart Automobile Smart JV Volvo Car Group Volvo Cars PolestarLEVC London Electric Vehicle CompanyGeely New Energy Commercial Vehicle Group Farizon Auto Hanma Technology JV Ou Ling Auto Green Intelligent Link Oneworld TechnologyShanghai Maple Automobile Co Ltd Maple Livan 65 Many of Geely s early products were based on the Xiali a variant of the 1987 Daihatsu Charade Models such as the Haoqing 豪情 five door Merrie 美日 five door Uliou 优利欧 four door and Urban Nanny van and pick up truck have Charade bases but feature a more prominent chromed grille citation needed Geely is known for imbuing a sense of humour in the names of some of their vehicles One sedan is called the King Kong and an early model was named You Li Ou 29 a play on words that means better than the Tianjin Xiali or the Buick Sail two of its competitors 66 Vehicle platforms Edit Many of Geely s subsidiaries produce vehicles using shared architectures Some examples include Volvo Scalable Product Architecture platform SPA 2014 present Compact Modular Architecture platform CMA 2017 present B segment Modular Architecture platform BMA 2018 present Sustainable Experience Architecture platform SEA 2021 presentBrands Edit Geely Auto Edit Geely Automobile Holdings Ltd Geely Auto is one of biggest subsidiaries of Zhejiang Geely Holding Group Main article Geely Auto Geely Auto is ZGH s original and mainstream brand primarily sold in China and select overseas markets Geely Borui Geely Xingrui Geely Binyue e ProZeekr Edit Zeekr 001 Zeekr 001Galaxy Geely Yinhe Edit Geely Yinhe is Geely s upscale range of new energy vehicles hybrids and EVs for the executuve market 67 Even though Yinhe translates as milky way 68 69 the global brand is being referred to as Galaxy 70 by the company 71 with pure electric models to be launched under the Galaxy E brand 72 Six days after showing their Galaxy Light concept Geely received notice from Changan Automobile that the design was too similar to one of their own cars 73 74 Key models include Galaxy L7 a plug in hybrid SUV formally known as the K7 75 76 Galaxy L6 a hybrid powered sedan 72 Galaxy Light a concept car 77 Geometry Edit Main article Geometry marque Geometry is an electric only range of Geely based cars 10 models are planned by 2025 78 Key models include Geometry A all electric midsize sedan Geometry C all electric compact crossover Geometry A Geometry CLynk amp Co Edit Main article Lynk amp Co Owned 50 by Geely Auto 30 by Volvo Cars and 20 by Zhejiang Geely Holding Group Lynk amp Co was formed in 2017 79 It is a Chinese Swedish car brand based on technology developed jointly by Volvo Cars and Geely Auto Lynk amp Co 01 Lynk amp Co 02 Lynk amp Co 03Maple Edit Main article Maple marque This brand name was affiliated with Shanghai Maple Automobile a Geely subsidiary established in 1999 and phased out in 2010 80 Products sold under the Maple NEV brand include 2020 Maple 30X subcompact crossover SUV 2020 Maple 80V MPV 2022 Maple 60S Geely s first battery swap car produced in association with Lifan 81 82 83 84 LEVC Edit Main article London EV Company The London Taxi Company which was acquired by Zhejiang Geely Holding Group in 2013 changed their name to London Electric Vehicle Company LEVC in 2017 to reflect their new mission of developing and producing electric commercial vehicles With a new factory in Ansty Coventry they have begun production of a new generation of zero emission capable new taxi vehicle in late 2017 85 Current products sold under the LEVC brand include 2017 LEVC TX 2020 LEVC VN5 LEVC TX LEVC VN5Volvo Cars Edit Main article Volvo Cars Owned 82 by Zhejiang Geely Holding Group post Volvo Cars IPO 14 Zhejiang Geely Holding Group acquired Volvo Cars from Ford Motor Company in 2010 23 Volvo XC40 Volvo S90Polestar Edit Main article Polestar Owned 50 5 by Zhejiang Geely Holding Group or associated entities and 49 5 by Volvo Cars 86 Polestar a Swedish all electric premium car brand was previously part of Volvo Cars before being spun out into an independent entity Polestar 1 Polestar 2Farizon Edit Yuan Cheng Auto 远程汽车 or Farizon Auto was formed in 2016 to focus on the development of commercial vehicles in China and has launched several long range capable truck and bus solutions Products include Farizon E200 and E200S Light to medium duty trucks 87 88 Farizon E5 and E6 Electric cargo and panel vans 89 Farizon Xingxiang V Electric cargo and panel vans Farizon FX A pickup truck based on the Geely Boyue Pro SUV 90 Farizon E200 Farizon E200S Farizon Xingzhi Farizon E5L Farizon E6 Farizon Xingxiang Farizon FX A Farizon busRadar Edit Radar is Geely s upscale pick up truck brand with its name standing for Rational Alone Discovery Accompany and Romantic The brands first vehicle the RADAR RD6 was unveiled in 2022 91 Lotus Edit Main article Lotus Cars Owned 51 by Zhejiang Geely Holding Group and 49 by Etika Automotive Lotus Cars is a British producer of sports and racing cars The first Lotus car was built in 1948 and in June 2017 Lotus Cars became majority owned by Zhejiang Geely Holding Group Lotus Evija Lotus EmiraJidu Auto Edit Main article Jidu Auto Jidu Auto a joint venture between Geely and Baidu intends to release a full portfolio of electric vehicles in different segments starting in 2022 92 Jidu ROBO 01 all electric midsize crossover Jidu ROBO 02 all electric midsize sedan Jidu ROBO 01 Jidu ROBO 02Proton Edit Main article Proton Holdings Owned 49 9 by Zhejiang Geely Holding Group and 50 1 by DRB Hicom and is managed by Geely Auto Group Proton is the National Car Brand of Malaysia established in the 1980s at the behest of the government and later reverted to private ownership under DRB Hicom Benelli Edit Main article 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 Key models include Benelli TNT 300 Benelli TRK 502 Benelli Leoncino 500 Benelli TNT 300Discontinued brands models Edit Geely has sold cars under at least three separate brands and may have continued to use the brand name of a purchased company for a short time The Emgrand Englon and Gleagle names were phased out in 2014 93 alongside efforts to reduce sprawl 94 and the Shanghai Maple brand name was discontinued in 2010 and revived in 2020 95 Previous Geely Auto products Edit 1998 2006 HQ Haoqing Haoqing SRV 豪情 豪情SRV 1 0 L 1 3 L amp 1 5 L hatchback 2001 2007 PU Rural Nanny Urban Nanny 2003 2005 MR Uliou MS 优利欧 2003 2006 MR Merrie 美日 hatchback 2003 2006 BL Beauty Leopard BO 美人豹 1 5 L coupe 2005 2009 Geely 美日之星 1 1 L amp 1 3 L hatchback 2005 2016 CK Freedom Cruiser 1 3 L amp 1 5 L amp 1 6 L sedan 2008 2011 Geely China Dragon 中国龙 1 8 L CVVT coupe 2006 2020 MK LG KingKong 金刚 1 5 L amp 1 6 L sedan also called Micro Sedan in Sri Lanka 96 2014 2017 Geely GX9Previous Emgrand models Edit Main article Emgrand Emgrand Chinese 帝豪 pinyin Dihao was launched in 2009 as a medium to high end luxury brand 97 In 2014 Emgrand ceased to be a stand alone brand and Emgrand became a sub brand of Geely which itself adopted an updated version of the Emgrand logo Previous products sold under the Emgrand brand include 2009 2014 Emgrand EC7 1 8 L CVVT sedan hatchback 2010 2014 Emgrand EC8 2 0 L 2 4 L sedan 98 2010 2014 Emgrand EC7 RV 1 5L 1 8L hatchback 2011 2014 Emgrand EX7 SUVPrevious Maple models Edit This brand name was affiliated with Shanghai Maple Automobile a Geely subsidiary established in 1999 80 It was replaced by the Englon brand in 2010 95 The brand was revived as Geely s budget NEV brand as of 2020 Previous products sold under the Shanghai Maple brand include 2003 2010 Maple Hisoon 海迅 AA amp AB 5 door hatchback 2003 2010 Maple Huapu 华普 M203 1 5 L 5 door hatchback 2004 2010 Maple Marindo 海域 M303 1 5 L amp 1 8 L sedan 2005 2010 Maple Hysoul 海尚 M305 5 door hatchback 2006 2010 Maple Hysoul 海尚 M206 Haixuan 海炫 car aimed specially at female consumers 99 Englon Edit Launched in 2010 and replacing the Shanghai Maple brand 95 the company claimed Englon Chinese 英伦 pinyin ying lun emulated classic British style and its model line included a TX4 sold on the Chinese market 100 Some of its cars were built by Geely subsidiary Shanghai LTI 101 As Geely fully acquired The London Taxi Company in 2013 the emblem of Englon also became the new logo of The London Taxi Company 101 Englon SC3 Englon SC5 RV Englon SC6 Englon SC7 Englon SC7 RV Englon SX5 Englon SX7 Englon TX4Gleagle Edit Here the former Gleagle logo can be seen on a Geely LC which was also sold under that brand name Gleagle Chinese 全球鹰 pinyin Quanqiu Ying was an entry level brand 102 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 103 104 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 105 Products sold under the Gleagle brand include 2008 2016 Gleagle Panda 熊猫 1 0 L amp 1 3 L CVVT hatchback also known as the Geely LC 2010 Gleagle GX2 Panda Cross 1 3 L amp 1 5 L 106 2011 Gleagle CK 1 0 L amp 1 5 L a rebadging of the Geely CK 107 2012 Gleagle GC7 1 8 L four door sedan 108 2012 Gleagle GX7 compact SUVZhidou Edit Products sold till 2020 109 under the Zhidou Auto or ZD Auto brand included Zhidou D1 Zhidou D2 Zhidou D3 Zhidou D2SGeely Motorcycles Edit Main article Geely Ming Industrial Geely produced also motorcycle since 1994 with own subsidiry Geely Ming Industrial Co with the brand Jiming and Geely Motorcycle Production facilities Edit Part of an assembly line at a Geely plant in Ningbo Zhejiang can be seen here Headquartered in Hangzhou Zhejiang Geely has production bases in Lanzhou Gansu completed in 2006 Geely construction in the region continued as of August 2010 either for expanding the existing facility or for a new semi complete knock down factory Xiangtan Hunan 110 an unnamed location 40 minutes south of Shanghai 111 Jinan Shandong and at Linhai Luqiao and Ningbo in Zhejiang 27 At least four overseas factories assemble Geely models probably from semi complete or complete knock down kits citation needed Such facilities are or have been located in Indonesia Sri Lanka in collaboration with Micro Cars 112 113 Malaysia Russia assembly controlled by local firm Derways Belarus BelGee 114 Azerbaijan NAZ Tunisia 115 and Ukraine These locations are not necessarily affiliated with or owned by Geely Non automotive subsidiaries EditGeely Group new business Edit CAOCAO CAOCAO ride hailing service was developed by Hangzhou YouXing Technology Company and majority owned by Zhejiang Geely Holding Group It is the first Chinese new energy focused mobility service Terrafugia Terrafugia was founded in 2006 The company was acquired in full by Zhejiang Geely Holding Group in 2017 Zhejiang Qianjiang Motorcycle Group Co Qianjiang Motorcycle 钱江摩托 was majority acquired by Zhejiang Geely Holding Group in 2016 The company is one of the largest producers of motorcycles in China and own several renowned brands including Italy s Benelli They are also known for their lithium battery technology 116 Geespace plans to create a network of low earth orbit satellites that will send precise positioning information to self driving cars 117 Mitime Group Edit This section does not cite any sources Please help improve this section by adding citations to reliable sources Unsourced material may be challenged and removed January 2023 Learn how and when to remove this template message Education ZGH has invested hundreds of millions of RMB in establishing 9 universities and colleges across China including the Geely University of China 吉利学院 University of Sanya Xiangtan Institute of Technology 湘潭理工学院 Sanya Institute of Technology 三亚职业理工学院 and Hunan Geely Automobile College 湖南吉利汽车技术职业学院 The wider group has over 40 000 students enrolled within its schools with the goal of developing Chinese automotive industry talents 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 Tourism Mitime facilitates tourism and manages hospitality services around its tracks Drivetrain Systems International Edit In 2009 Geely bought Drivetrain Systems International Pty Ltd 118 a global transmission developer headquartered in Australia Meizu Edit Main article Meizu In June 2022 Geely acquired a majority stake of Meizu a Chinese consumer electronics manufacturer based in Zhuhai Guangdong Dealer network EditGeely refers to its dealer network as 4S stores and also sells some models online 105 In 2014 it had a reported 900 retail outlets 94 Sales EditMarkets Edit A Geely MK in Singapore 770 Geely cars were on Singaporean roads in 2010 119 In addition to China Geely vehicles have been sold in Argentina 120 Australia 121 Bahrain 122 Brazil 123 Chile 124 Colombia 125 Costa Rica 126 Egypt 127 Indonesia 128 Iran 129 Kuwait 130 Nepal 131 New Zealand 132 Nigeria 133 Oman 134 Pakistan the Philippines 135 Romania 136 Russia 137 Saudi Arabia 138 South Africa 139 Syria 140 Taiwan 141 Turkey 142 Ukraine 143 Uruguay 144 and Venezuela 145 In a number of markets Geely vehicles are assembled in local factories from complete knock down kits Geely is also marketed in Lebanon through the Rasamny Younes dealership network The Cuban government has purchased a considerable number of Geely vehicles and they are used as police patrol cars 30 or tourist taxis throughout Havana 146 147 The Geely automobile brand was touted to be launched in the United Kingdom in late 2012 148 149 However this plan was not pursued and the official website has been offline since mid 2014 In July 2020 1st showroom opened in Doha Qatar 150 Figures Edit In 2010 Geely surpassed its 400 000 vehicle sales target goal for the first time selling 415 286 cars 151 of its 680 000 units year production capacity 118 prompting the company to set its 2011 sales target at 480 000 cars a 16 increase 151 Geely Auto Group reported annual sales of 1 24 million cars in 2017 an increase of 63 from the previous year 152 Due to strong 2017 sales Geely Auto Group has subsequently set its 2018 sales volume target to 1 58 million Geely Auto Group reported annual sales of 1 500 838 units in 2018 This year marks the first time that Geely Auto has reached sales of 1 5 million units 153 Geely domestic sales in China 2003 present 154 Calendar year Sales Growth Market share2003 73 779 N A 3 44 2004 98 283 33 21 3 99 2005 143 279 45 78 4 45 2006 205 346 43 32 4 89 2007 219 512 6 90 4 16 2008 221 786 1 04 4 08 2009 329 018 48 35 3 98 2010 414 465 25 97 3 70 2011 432 752 4 41 3 52 2012 491 445 13 56 3 72 2013 549 393 11 79 3 37 2014 425 773 22 50 2 31 2015 532 384 25 04 2 64 2016 778 896 46 30 3 30 2017 1 251 656 60 70 5 16 2018 1 382 119 10 42 5 96 2019 1 255 480 9 16 5 93 2020 1 134 433 9 50 5 77 Geely group global sales by brand 155 156 157 Year Total Geely Geometry Livan Maple LYNK amp CO ZEEKR Volvo Polestar Lotus LEVC Farizon Radar Zhidou2010 425 194 425 194 2011 857 006 452 161 404 735 2012 905 083 527 918 377 165 2013 979 691 617 484 362 207 2014 878 818 499 165 379 653 2015 1 025 287 578 517 421 374 25 3952016 1 333 077 809 079 503 706 1 961 20 2922017 1 867 066 1 273 837 6 012 536 905 1 600 6 228 42 4842018 2 212 102 1 401 819 120 414 666 586 1 630 1 293 5 024 15 3362019 2 093 962 1 245 168 12 662 128 066 694 831 1 320 2 507 7 313 2 0952020 2 040 418 1 166 920 10 300 2 620 175 456 667 159 9 853 1 378 1 118 5 265 3492021 2 105 560 1 101 506 55 320 4 945 220 516 6 007 674 232 21 940 1 710 392 18 980 122022 2 290 503 1 124 780 149 389 56 140 180 127 71 941 615 121 51 500 undisclosed undisclosed 41 505 undisclosed discontinuedGeely joint venture brand sales Year Proton 49 9 share Smart 50 share Geely model only 2017 70 991 2018 64 744 2019 100 183 2020 109 716 2021 114 708 2022 141 432 9 212Safety record EditA small Geely sedan the CK performed badly in an informal crash test conducted by a Russian magazine in 2007 158 As a result Geely reviewed its expansion plans 159 The Geely CK 1 3L in its most basic version for Latin America with no airbags received 0 stars for adult occupants and 2 stars for infants from Latin NCAP in 2010 160 In 2010 the Geely LC scored 45 3 points of a possible 51 in the China NCAP crash tests making it China s first locally researched and developed mini car to be awarded a 5 star rating 161 and the safest Chinese hatchback 162 as of 2011 163 In 2011 the Geely Emgrand EC7 earned a 4 star rating in a Euro NCAP crash test 164 In 2015 the Geely Borui received 5 stars in C NCAP crash testing 165 Controversies EditThe 2009 Geely GE concept received criticism for looking like a Rolls Royce 166 An unsuccessful lawsuit was brought against the company in the early 2000s by Toyota which claimed Geely had implied in ads that some of the parts used in Geely vehicles were made by Toyota 167 Geely may also have previously used a logo that resembled that of Toyota 168 In 2020 the Australian Strategic Policy Institute accused at least 82 major brands including Geely of being connected to forced Uyghur labor in Xinjiang 169 See also EditBeijing Geely University Private university located at Beijing founded by Geely Geely University of China Private university located at Chengdu founded by Geely University of Sanya Private university located at Hainan endowed by GeelyReferences Edit History 1986 now Archived from the original on 18 March 2017 Retrieved 26 June 2021 a b c d e Annual Report 2020 PDF Geely Automobile Holdings Limited The Group at a Glance www zgh com Archived from the original on 23 November 2017 Retrieved 17 January 2022 Volocopter announces joint venture with Geely subsidiary Aerofugia electrive com 22 September 2021 Retrieved 5 January 2023 Cathcart Alan 12 March 2018 Volvo owner Geely buys major stake in Benelli owner Qianjiang DriveMag Riders Retrieved 5 January 2023 Kinesiska staten storagare i Geely bolag baserat i Goteborg auto motor amp sport in Swedish Retrieved 5 January 2023 Triches Robert 8 November 2022 170 varslas om uppsagning pa Geelyagda Cevt Dagens industri in Swedish Retrieved 5 January 2023 a b Anthony Lim 24 May 2017 DRB Hicom to sell Lotus in its entirety for 100 million Geely to acquire 51 Etika Automotive to buy 49 Driven Communications Archived from the original on 27 May 2017 Retrieved 27 May 2017 a b Gerard Lye 24 May 2017 Geely to acquire 49 9 stake in Proton 51 in Lotus definitive agreement to be signed before end of July Driven Communications Archived from the original on 4 August 2019 Retrieved 27 May 2017 Norihiko Shirouzu Heekyong Yang 10 May 2022 China s Geely buys stake in Renault Korea eyeing US exports Reuters Retrieved 5 January 2023 Geely buys stake in Renault Korea eyeing U S exports Automotive News Europe 10 May 2022 Retrieved 5 January 2023 Geely Mercedes Benz launch 780 million JV to make electric smart branded cars U S 8 January 2020 Retrieved 5 January 2023 CAR magazine 28 March 2019 It s official Geely buys 50 percent of Smart from Daimler CAR Magazine Retrieved 5 January 2023 a b Nordic Credit Outlook PDF S amp P Global Ratings December 2021 p 34 Retrieved 13 December 2021 Hawkins Andrew J 27 September 2021 Electric car company Polestar is going public via SPAC The 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assets to Geely Ford Motor Company 28 March 2010 Archived from the original on 8 November 2012 Geely Automobile last year net profit of 1 368 billion yuan year on year increase of 16 China Association of Automobile Manufacturers 28 March 2011 Retrieved 2 June 2012 China Car Market 101 Who Makes All Those 18 Million Cars The Truth About Cars 19 January 2011 Retrieved 6 March 2021 Leung Alison 12 November 2010 China Geely on track to meet target Reuters Retrieved 2 June 2012 Geely cars to be sold in the UK The Telegraph 5 December 2011 Archived from the original on 11 January 2022 Geely to come to UK in 2012 What Car 5 December 2011 Archived from the original on 8 December 2011 Geely to launch in Italy in 2012 China Car Times 3 January 2012 Archived from the original on 11 January 2012 Macfarlane Alec 24 May 2017 Lotus has been purchased by Chinese automaker Geely CNN Money Retrieved 25 May 2017 Intan Farhana Zainul Izwan Idris 25 May 2017 Chinese carmaker s partnership with Proton to create more job opportunities The Star Malaysia Archived from the original on 27 May 2017 Retrieved 27 May 2017 Grady Mary 5 July 2017 Report Terrafugia Sold To Chinese Conglomerate AVweb Retrieved 7 July 2017 Terrafugia Zhejiang Geely Holding Group completes acquisition of Terrafugia Inc terrafugia com Archived from the original on 17 September 2018 Retrieved 25 November 2017 a b Richard Milne 27 December 2017 China s Geely takes 3 25bn stake in truckmaker Volvo Group Financial Times China s Geely Buys 9 Billion Daimler Stake Bloomberg L P 23 February 2018 Retrieved 6 March 2021 Chinese Auto Giant Invests in Flying Car Startup Volocopter Bloomberg L P 9 September 2019 Retrieved 6 March 2021 华菱星马三度易主终如愿 但吉利要的不仅是 一辆重卡 After its third attempt at changing ownership Hualing Xingma achieved its wish but Geely wants more than just a heavy trucker finance sina cn in Chinese 24 July 2020 Retrieved 25 July 2020 Campbell Peter 23 September 2020 Content Financial Times Retrieved 23 September 2020 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the Xiali is based on a Daihatsu Charade so while this article refers to a Toyota Charade they really mean the Chinese market version of the Daihatsu Charade which was popular in China Geely Galaxy is the new executive EV brand to be unveiled next week Geely to Launch New NEV Brand Called Milky Way The First Car Exposed 16 February 2023 Geely s Milky Way Brand Teases First Hybrid SUV Named L7 19 February 2023 Geely s Galaxy EV Luxury Brand Debuts Light BEV Study L7 PHEV Geely Auto Looks to Geely Galaxy for Electric Future Retrieved 11 March 2023 a b Geely Galaxy models unveiled Galaxy Light concept EV Galaxy L7 PHEV SUV seven models due in 2 years paultan org 24 February 2023 Retrieved 11 March 2023 Geely Galaxy accused of plagiarism by another Chinese carmaker six days after the launch March 2023 Geely Galaxy L7 SUV launched starts at 29 000 Galaxy to unveil 7 new cars in two years 23 February 2023 Geely Galaxy EV brand launched 24 February 2023 Geely Galaxy Milky Way L7 Exposed 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from the original on 16 May 2014 Retrieved 2 September 2013 Geely Costa Rica Dragon Motors Costa Rica Retrieved 3 January 2012 Geely Egypt Retrieved 8 October 2013 Geely Indonesia Archived from the original on 1 January 2012 Retrieved 3 January 2012 Geely Al Khayyat Motors Group Archived from the original on 26 July 2009 Retrieved 3 January 2012 Kuwait Automotive Imports Company Geely The Global Car From China Now in Kuwait Geely Nepal Saakha amp Universal Automobiles Pvt Ltd Retrieved 3 January 2012 Geely NZ Geely New Zealand Archived from the original on 19 December 2011 Retrieved 3 January 2012 Beijing Auto Show is Geely s Strategic Point of Blow out Geely Archived from the original on 22 February 2010 Retrieved 3 January 2012 Geely Automobiles Al Hashar Group Archived from the original on 27 December 2011 Retrieved 3 January 2012 Geely Auto Officially Launches in the Philippines with Crossover SUV Geely Coolray Retrieved 3 January 2012 Geely Automobile Romania Archived from the original on 28 December 2011 Retrieved 3 January 2012 Geely s CKD Assembling of MK Launches in Russia Geely Archived from the original on 20 February 2012 Retrieved 3 January 2012 Haji Husein Alireza amp Co Ltd Archived from the original on 15 August 2012 Geely SA Geely South Africa Retrieved 3 January 2012 GEELY Awarded as Best China s Automobile Brand in the Syrian Market Geely 30 July 2009 Archived from the original on 18 April 2010 Tobe M car Makes a Splash in Taibei Geely Archived from the original on 20 February 2012 Retrieved 3 January 2012 Turkey Welcomes Geely s Manufacturing Geely Archived from the original on 23 January 2013 Retrieved 3 January 2012 Geely Ukraina in Russian AIS Group Retrieved 3 January 2012 Geely Gruppo Fiancar Retrieved 3 January 2012 Geely de Venezuela Archived from the original on 21 December 2011 Retrieved 3 January 2012 Geely Prevails in Cuba s Street Geely 6 February 2010 Archived from the original on 17 April 2011 Geely car models three large scale exports of Cuban exports Agile News 25 October 2011 Geely Auto Archived from the original on 8 January 2012 Retrieved 25 December 2019 Geely vehicles will be launched into the UK late 2012 Chinese car maker Geely to launch in UK in 2012 CAR Magazine Retrieved 26 June 2021 Watch Geely Auto virtual launch in Qatar www iloveqatar net Retrieved 25 March 2022 a b Leung Alison 11 January 2011 Lewis Chris ed UPDATE 1 Geely shares up after 2010 sales beat target Reuters Retrieved 1 June 2012 Geely Auto Group Reports Record Sales in 2017 Sales Reaching 1 24 Million Units Geely Global in Chinese China 8 January 2018 Retrieved 6 March 2021 Chan Tony Geely Auto 2018 Sales Reach 1 5 Million Units Increasing Over 20 From Previous Year Geely Global Media Center Retrieved 6 March 2021 BrandGeely Car SalesGeely Market Sales 2 8 March 2015 Geely China Sales Figures carsalesbase com Retrieved 27 October 2020 MarkLines Co Ltd www marklines com Retrieved 1 December 2022 新聞 www geelyauto com hk Retrieved 9 January 2023 Lotus www autozine org Retrieved 9 January 2023 Ovariya in Russian Avtorevyu Autoreview October 2007 Archived from the original on 14 November 2012 Retrieved 5 October 2012 The home team Indigenous carmakers are working their way up The Economist 13 November 2008 Retrieved 5 October 2012 Official results of the Geely CK 1 1 3 NO Airbags 2010 LATIN NCAP PARA AUTOS MAS SEGUROS US Geely s growth Appliances to autos in 13 years China Daily 4 May 2010 Five Star in Collision Test Geely Panda Appraised as the safest Minicar in China Geely 9 January 2010 Archived from the original on 28 October 2010 Auto Special Safety test proves Geely has the right path to improved performance and competitiveness China Daily 14 January 2011 Geely Emgrand EC7 Euro NCAP 1 March 2012 Geely GC9 achieves a maximum 5 Stars in C NCAP Crash Test automotiveworld com 6 January 2016 Retrieved 1 June 2017 Geely says Rolls Royce s copy claims are baseless Motor Authority Retrieved 6 March 2021 Fairclough G 2006 Nov 07 Bumper crop As barriers fall in auto business china jumps in geely aims to be world player but quality woes linger cars a new commodity copycat accusations fly The Wall Street Journal JAMES MACKINTOSH AND R M 2003 Carmakers gamble on China Financial Times Uyghurs for sale Australian Strategic Policy Institute 1 March 2020 External links EditBrands and companies of Geely Official website Business data for Geely BloombergGoogleReutersYahoo Geely Global Zhejiang Geely Holding Group website Official Geely Motorcycles website Retrieved from https en wikipedia org w index php title Geely amp oldid 1146131708, wikipedia, wiki, book, books, library,

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