Geely History

Geely was Founded

Geely was founded by Mr. Li Shufu in Taizhou City, Zhejiang Province, China as a refrigerator parts manufacturer.

Entered the Motorcycle Industry

Geely began manufacturing and selling motorcycles in Taizhou City, Zhejiang Province, China.

Geely Group Established

Geely Group was established to bring all Geely enterprises under one group

Entered the Automotive Industry

Geely entered the automotive industry and Geely Auto was founded in Taizhou City, Zhejiang Province, China.

First Geely Auto Vehicle Comes Offline

The first vehicle from Geely Auto rolled off the production line in Linhai City, Zhejiang Province, China.

Geely Received the License from Chinese Authorities and Became the First Private Car Maker in 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 Joins the Ranks of China's Top Ten Automakers

Geely Auto’s increasing popularity and sales allowed it to join the ranks of China’s top ten automakers.

Zhejiang Geely Holding Group Established

Zhejiang Geely Holding Group was established with all of Geely’s automotive businesses placed under it.

Geely Auto Listed on the Hong Kong Stock Exchange

Geely Auto became the first Chinese automaker to be listed on the Hong Kong Stock Exchange under the ticker HK0175

Geely Holding Group Establishes a Joint Venture with London Taxi International

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 Present their "Ningbo Declaration" Kicking Off the Brand's Strategic Transformation

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 Volvo Car Corporation

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 Enters into the Fortune 500 list

Zhejiang Geely Holding Group was listed as a Fortune 500 company for the first time.

Geely Holding Group Acquires 100% of the Assets of Manganese Bronze

In February 2013 Geely Holding acquired 100% control of Manganese Bronze and its subsidiary, London Taxi International and its joint venture in Shanghai.

China Euro Vehicle Technology Centre Established

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 Announce New Brand Positioning

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 Launch their Flagship Sedan and Enter the 3.0 Refined Cars Era.

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

CAOCAO Ride Hailing Service Launched
Geely New Energy Commercial Vehicles Launched

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.

LYNK & CO Unveiled

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.

Geely Forms Strategic Partnership With Proton and Acquires Lotus

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.

Geely Acquires American Flying Car Company Terrafugia

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.

Geely Acquires Strategic Stake in AB Volvo

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.

LYNK & CO Joint Venture and Geely-Volvo Technology Joint Venture Formed

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.

LYNK & CO’s first model, the 01, is launched 
Geely Holding Group Chairman Li Shufu Purchases Stake in Daimler AG

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.

Geely and Daimler Mobility Services Announce Plans to Form a Joint Venture Mobility Services Company in China

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 Railways Form China Railway Gecent Technology Co.

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 and CASIC Sign Cooperation Agreement

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 Acquires Majority Stake in Saxo Bank

Geely completed the acquisition of a controlling 52% stake in Saxo Bank, the leading fintech specialist provider of multi-asset trading and investing.

Zhejiang Geely Holding Group Annual Sales Reach 2 Million Units

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.

Geely and Daimler Form Global Joint Venture to Develop smart

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.