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Geely
Zhejiang Geely Holding Group Co., Ltd. (ZGH), commonly known as Geely Holding (/ˈdʒiːli/ ; Chinese: 吉利控股; pinyin: Jílì Kònggǔ), is a Chinese multinational automotive conglomerate headquartered in Hangzhou, China. The company was founded by, and is privately owned by Chinese entrepreneur Li Shufu.
Geely was founded in 1986 as a refrigerator parts company, before transitioning to motorcycles in 1994 and entering the automotive industry in 1997. ZGH as a holding company was founded in 2003. As of 2023[update], the company ranks 225 in the 2023 Fortune Global 500 list of the world's largest companies. In 2024, the group produced a total of 3.33 million vehicles globally, including 1.48 million plug-in electric vehicles.
The company manufactures and sells vehicles under the brands of Geely, Lynk & Co and Zeekr brands, which are part of the Geely Auto Group business unit, along with its subsidiaries and joint ventures such as Volvo Cars, Polestar, Proton, Smart and Lotus, as well as commercial vehicles under the London EV Company, Radar Auto / Riddara and Farizon brands. It produces motorcycles under its subsidiaries Zhejiang Geely Ming Industrial (Jiming and Geely), Qianjiang Motorcycle (QJMotor and Keeway), and Benelli. It also holds a 17% stake in Aston Martin and owns half of Horse Powertrain, an engine manufacturing joint venture with Renault.
Geely is a phonetic transliteration of the company's native name 吉利 (pinyin: Jílì), which means "auspicious" or "propitious" in Chinese.
Geely entered the automotive industry in 1997, but only officially received national production license in November 2001. 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. It completed the acquisition of British taxi maker Manganese Bronze Holdings in 2013 and restructured it into London Electric Vehicle Company. In 2017, ZGH acquired a majority stake in British sports carmaker Lotus Cars in 2017.
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 (铭泰集团; 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.
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. In 1994, Geely transitioned into the motorcycle industry by acquiring a state-run firm, and started producing China's first scooter.
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Geely
Zhejiang Geely Holding Group Co., Ltd. (ZGH), commonly known as Geely Holding (/ˈdʒiːli/ ; Chinese: 吉利控股; pinyin: Jílì Kònggǔ), is a Chinese multinational automotive conglomerate headquartered in Hangzhou, China. The company was founded by, and is privately owned by Chinese entrepreneur Li Shufu.
Geely was founded in 1986 as a refrigerator parts company, before transitioning to motorcycles in 1994 and entering the automotive industry in 1997. ZGH as a holding company was founded in 2003. As of 2023[update], the company ranks 225 in the 2023 Fortune Global 500 list of the world's largest companies. In 2024, the group produced a total of 3.33 million vehicles globally, including 1.48 million plug-in electric vehicles.
The company manufactures and sells vehicles under the brands of Geely, Lynk & Co and Zeekr brands, which are part of the Geely Auto Group business unit, along with its subsidiaries and joint ventures such as Volvo Cars, Polestar, Proton, Smart and Lotus, as well as commercial vehicles under the London EV Company, Radar Auto / Riddara and Farizon brands. It produces motorcycles under its subsidiaries Zhejiang Geely Ming Industrial (Jiming and Geely), Qianjiang Motorcycle (QJMotor and Keeway), and Benelli. It also holds a 17% stake in Aston Martin and owns half of Horse Powertrain, an engine manufacturing joint venture with Renault.
Geely is a phonetic transliteration of the company's native name 吉利 (pinyin: Jílì), which means "auspicious" or "propitious" in Chinese.
Geely entered the automotive industry in 1997, but only officially received national production license in November 2001. 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. It completed the acquisition of British taxi maker Manganese Bronze Holdings in 2013 and restructured it into London Electric Vehicle Company. In 2017, ZGH acquired a majority stake in British sports carmaker Lotus Cars in 2017.
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 (铭泰集团; 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.
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. In 1994, Geely transitioned into the motorcycle industry by acquiring a state-run firm, and started producing China's first scooter.