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GEELY AT A GLANCE
Since its launch in 1986, Geely has consistently pushed the boundaries of what modern mobility can be. Today, Geely Holding presides over an impressive collection of global brands, including Geely Auto, Volvo Cars, Polestar, Lotus, Zeekr, Lynk & Co., the London Electric Vehicle Company, Farizon, and others. This reflects the Geely Automotive Group’s influence across the international automotive landscape.
FORTUNE GLOBAL 500 SUCCESS STORY
In 2024, Geely Holding Group earned the 185th position on the Fortune Global 500 list, marking its 13th consecutive year among the world’s most recognised and impactful companies, a tip of the hat to steady growth, innovation, and global relevance.
ONE OF THE WORLD’S TOP AUTOMOTIVE BRANDS
Brand Finance ranked Geely Holding Group 8th in its 2022 report of the Top 10 Most Valuable Auto Portfolio Brands, highlighting the group’s strong reputation, expanding global presence, and commitment to cutting-edge mobility solutions.
GLOBAL SALES BEYOND 17 MILLION
Geely Auto reached a milestone in October 2020 as the first Chinese automotive brand to surpass 10 million global Geely vehicle sales. By 2024, that figure had climbed past 17 million, securing Geely Auto’s position as China’s top-selling auto brand for five consecutive years.
BRAND HISTORY
Geely Is Founded
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Geely is founded by Eric Li (Li Shufu) in Taizhou City, Zhejiang Province, China as a refrigerator parts manufacturer.
Geely Enters the Automotive Industry
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Geely Auto enters the automobile industry with the vision of producing cars that ordinary people can afford, becoming China’s first privately-owned auto manufacturer.
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First Geely Auto Vehicle Comes Offline
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The first Geely Auto car (Haoqing) rolls off the assembly line in Linhai, Zhejiang Province, China.
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Geely Receives the License From Chinese Authorities and Becomes the First Private Car Maker in China
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Geely Auto becomes the first privately-owned auto manufacturer officially listed on China’s automobile manufacturer index.
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Geely Auto Joins the Ranks of China’s Top Ten Automakers
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Geely Auto’s increasing popularity and sales allows it to join the ranks of China’s top ten automakers.
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Zhejiang Geely Holding Group Established
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Zhejiang Geely Holding Group is established with all of Geely’s automotive businesses placed under it.
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Geely Auto Listed on the Hong Kong Stock Exchange
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Geely Auto becomes the first Chinese automaker to be listed on the Hong Kong Stock Exchange (HK: 0175)
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Geely Holding Acquires Volvo Car Corporation
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Geely Holding Group acquires 100% of the shares of Volvo Car Corporation from the Ford Motor Company. The agreement is signed on 28 March 2010 and the transaction is completed on 2 August 2010.
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Geely Forms Strategic Partnership with Proton and Acquires Lotus
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Geely signs an agreement to acquire a 49.9% stake in Malaysian automaker PROTON and acquires a 51% controlling stake in luxury sports car brand Lotus from DRB-HICOM Berhad of Malaysia.
Geely Acquires American Flying Car Company Terrafugia
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Geely enters into an agreement with Terrafugia Inc, a US-based company focused on the innovation, engineering and production of flying cars and technologies, to acquire its operations and assets in their entirely.
Geely Acquires Strategic Stakes in AB Volvo
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Geely announces they would become largest holder of share capital in Sweden’s leading commercial vehicles and industrial engineering group, Volvo AB after acquiring Cevian Capital’s entire 8.2% share capital holding and 15.6% voting rights in the company.
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Geely Holding Group Purchases Stake in Daimler AG
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Geely Holding announces it had acquired a 9.69% stake in Daimler AG through open market purchases of shares.
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Geely Auto Group Signed an Agreement to Become an Official Partner of the 2022 Asian Games in Hangzhou – Geely will participate in the Asian Games under the slogan of “Enjoy E-mobility @ the Asian Games with Geely.
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Geely launches Compact Modular Architecture (CMA), marking the brand’s entry into its 4.0 “Advanced Geely” products era
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Geely and Daimler Form Global Joint Venture to Develop smart – Daimler AG and Geely Holding Group announced the formation of 50-50 globally focused joint venture to own, operate and further develop smart, the pioneer of the small urban vehicles, as a leader in premium-electrified vehicles.
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Mercedes-Benz and Geely Holding Formally Establish Its Global Joint Venture “smart Automobile Co., Ltd.” For the smart Brand
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Geely Holding Launches Open-Source Electric Vehicle Architecture, SEA (Sustainable Experience Architecure)
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Geely Auto successfully surpassed 10 million units in global sales in 2020 – Geely Auto became the first Chinese auto brand which succeeded in selling more than 10 million units globally.
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Geely Officially Joins Global Automotive Quality Standards Organization IATF
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Geely Auto Group Unveils Intelligent Geely 2025 Strategy
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Geely Auto Launches “Leishen” Global Powertrain Brand, a new leading intelligent high-efficiency powertrain solutions provider
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Geely Automobile Holdings to Acquire 34.02% of the Shares of Renault Korea Motors
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Geespace Successfully Launches First Nine Satellites
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Geely Holding 11th Year on Fortune Global 500 – Zhejiang Geely Holding Group was listed in the 2022 Fortune Global 500 for the 11th consecutive year with a ranking of 229th after its last year revenues reached US$55.86 billion.
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Geely Opens Innovation Center in Italy
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Geely Holding Increases Shares in Aston Martin
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Geely Future Mobility Constellation Launches 10 Satellites
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INTELLIGENT FACTORY & NEXT-GEN ARCHITECTURE
Behind every Geely vehicle is a sophisticated engineering approach. The brand continues to refine advanced modular platforms designed to support the next era of intelligent, connected, and energy-efficient vehicles.
BEYOND THE ROAD: FUTURE-FOCUSED INNOVATION
Geely is investing far beyond conventional automotive boundaries, shaping the future of mobility through pioneering technology and ecosystem-driven thinking.
GeeSpace is developing a global network of low-earth orbit satellites, enabling enhanced vehicle connectivity, autonomous driving innovation, and next-generation smart mobility solutions.
Aerofugia is expanding mobility into the skies, designing integrated urban air mobility systems, including advanced flying vehicles, that blend seamlessly with transport on the ground.
ECARX is redefining the in-car experience with intelligent infotainment, AI-driven interfaces, and comprehensive digital mobility platforms that enhance how drivers interact with their vehicles.
DreamSmart brings together automotive technology and consumer electronics, working across EV advancements, smartphones, operating systems, and wearable tech to create a connected digital ecosystem.
