Geely was founded by Mr. Li Shufu in Taizhou City, Zhejiang Province, China as a refrigerator parts manufacturer.
Geely began manufacturing and selling motorcycles in Taizhou City, Zhejiang Province, China.
Geely Group was established to bring all Geely enterprises under one group
Geely entered the automotive industry and Geely Auto was founded in Taizhou City, Zhejiang Province, China.
The first vehicle from Geely Auto rolled off the production line in Linhai City, Zhejiang Province, China.
Previously, the Chinese government did not officially allow private companies to produce automobiles. On the eve of China’s entry into the World Trade Organisation, Geely was granted a licence to produce vehicles.
Geely Auto’s increasing popularity and sales allowed it to join the ranks of China’s top ten automakers.
Zhejiang Geely Holding Group was established with all of Geely’s automotive businesses placed under it.
Geely Auto became the first Chinese automaker to be listed on the Hong Kong Stock Exchange under the ticker HK0175
Geely Holding Group purchased a 19.97% stake in Manganese Bronze Holdings (the manufacturer and owner of the classic London Taxi), becaming the largest shareholder of company. After the equity acquisition, Geely Holding Group established the a joint venture company to produce and sell the classic London taxi in China.
Geely Auto announced their “Ningbo Declaration” which stated that Geely would turn away from completing purely on price, instead the brand will compete on technology, quality, and value.
Zhejiang Geely Holding Group acquires 100% of the shares of Volvo Car Corporation from the Ford Motor Company. The agreement was signed on 28 March 2010 and the transaction was completed 2 August 2010.
Zhejiang Geely Holding Group was listed as a Fortune 500 company for the first time.
In February 2013 Geely Holding acquired 100% control of Manganese Bronze and its subsidiary, London Taxi International and its joint venture in Shanghai.
In February 2013, Geely established the China Euro Vehicle Technology Center (CEVT) in Gothenburg, jointly run by Volvo Cars and Geely Auto, to develop modular architectures and key components for the next generation of vehicles.
Geely Auto officially showcased their flagship Bo Rui sedan, announced its new brand positioning and official tie up with the Chinese Olympic Swimming Team. The new brand mission is ‘Making Refined Cars for Everyone’.
Geely Auto fully enters their 3.0 “Refined Cars Era” with a revamped product line which includes their award-winning and best-selling Bo Rui sedan, Bo Yue SUV, Emgrand GL, and Emgrand GS
Geely Holding Group announced the establishment of the Geely New Energy Commercial Vehicles (GCV) which will consist of the commercial vehicle brands Yuan Cheng Auto and London Taxi Company. GCV focuses on the development, production, sales, and service of new energy commercial vehicles. The sub-group opens up a new strategic development pathway for Geely Holding Group.
In October 2016, Geely Auto Group unveiled their global LYNK & CO brand established with European design, European engineering, Global manufacturing, Global sales. The new brands aims to shake up the traditional automotive industry with its modular architecture, innovative connectivity, unique business model, and fresh user experience.
In June 2017, Geely signed an agreement to acquire a 49.9% stake in Malaysian automaker PROTON and acquire a 51% controlling stake in luxury sports car brand Lotus from DRB-HICOM Berhad of Malaysia.
In November 2017, Zhejiang Geely Holding Group announce it had entered into an agreement with Terrafugia Inc, a US-based company focused on the innovation, engineering and production of flying cars and future technologies, to acquire its operations and assets in their entirety.
In December 2017, Geely announced 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.
Volvo Cars and Geely Auto form the LYNK & CO joint venture. The Geely-Volvo technology joint venture company is also formed to facilitate technological synergies throughout the Geely Holding Group family of brands.
In February 2018, Geely Group, a company owned by Chairman Li Shufu and managed by Zhejiang Geely Holding Group announced it had acquired a 9.7% stake in Daimler AG through open market purchases of shares. The share purchase makes Li Shufu the single largest shareholder of Daimler AG.
On October 24, 2018 Daimler Mobility Services and Geely Technology Group, announced that they will form a premium ride-hailing joint venture in China.
Geely Holding Group, Tencent, and China Railway launched China Railway Gecent Technology Co., Ltd (Gecent) to develop and operate an integrated one-stop platform which will provide WiFi and other value-added services to high-speed rail customers across China.
Geely Holding signed a strategic framework agreement with China Aerospace Science and Industry Corporation (CASIC) to cooperate on the development of supersonic trains and related technologies.
Geely completed the acquisition of a controlling 52% stake in Saxo Bank, the leading fintech specialist provider of multi-asset trading and investing.
For the first time in its history, aggregate sales across ZGH’s three automotive subsidiary units – Geely Auto Group, Volvo Car Group and Geely New Energy Commercial Vehicle Group – broke 2 million units, rising 18.3% from the previous year to over 2.15 million units in 2018.
Daimler AG and Zhejiang Geely Holding Group announced the formation of a 50-50 globally focused joint venture to own, operate and further develop smart, the pioneer of small urban vehicles, as a leader in premium-electrified vehicles.