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, 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) to 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
[2019.03] 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.
Geely Auto Group Launch Geometry, Pure Electric Sub-brand
[2019.04] Geely Auto Group launch new independent pure electric sub-brand, Geometry and its first models Geometry A in Singapore. The brand aims to set a new global standard for pure electric vehicle.
Geely Auto Group signed an agreement to become an official partner of the 2022 Asian Games in Hangzhou
[2019.04] Geely Auto Group signed an agreement with the Asian Games organizing committee to become an official partner of the 19th Asian Games held in Hangzhou in 2022. Geely will participate in the Asian Games under the slogan of “Enjoy E-mobility @ the Asian Games with Geely”
Geely to Redefine the Connected Automotive Experience with Baidu
[2019.07] At the “2019 Baidu Create”, Li Shufu, Chairman of Zhejiang Geely Holding Group (Geely Holding) and Robin Li, Founder, Chairman and CEO of Baidu, announced that Geely Holding and Baidu will strategically cooperate in the fields of intelligent connectivity, smart mobility, smart home, e-commerce and in other areas related to AI technology.
Volocopter Announce First Closing of Series C Funding Round
[2019.09] Volocopter, the Urban Air Mobility pioneer, announced that it signed the first closing of its Series C funding round, which is being led by Zhejiang Geely Holding Group and Daimler AG with each party holding a 10% stake in the company. The new funds will be used towards bringing the VoloCity aircraft to commercial launch within the next three years and receiving commercial certification by the European Aviation Safety Authority (EASA) for their VoloCity aircraft.
Geely and Volvo Intend to Merge Combustion Engine Operations
[2019.10] Zhejiang Geely Holding Group and its wholly owned subsidiary Volvo Car Group (Volvo) made plans to merge their existing combustion engine operations in order to establish a world leading business unit that will seek to develop next generation combustion engine and hybrid systems.
Geely Technology Group and Daimler Mobility AG inaugurate ‘StarRides’ Premium Ride-Hailing Service
[2019.12] Geely Technology Group, a subsidiary of Zhejiang Geely Holding Group (Geely Holding) and Daimler Mobility AG unveiled the premium ride-hailing provider StarRides in China with inaugural services to begin in Hangzhou in December 2019.
Lynk & Co Cyan Racing Team Win Team Championship at 2019 WTRC
[2019.12] At the end of the 2019 WTCR World Touring Car World Championship in Malaysia, the Lynk & Co Cyan Racing team won the team championship. The victory represents a new breakthrough for Chinese brands in the world’s highest level of motorsports and showcased the strength of Geely’s technology allowing it to create a miracle in their first entry in the WTCR.
Mercedes-Benz and Geely Holding Formally Establish its Global Joint Venture “smart Automobile Co., Ltd.” for the smart Brand
[2020.01] Mercedes-Benz AG (Mercedes-Benz) and Zhejiang Geely Holding Group (Geely Holding), the German and Chinese automotive groups, announced that they formally established the global joint venture “smart Automobile Co., Ltd.” for the smart brand after receiving the regulatory approvals.
Geely Automobile Holdings Limited Announced Preliminary Discussions with Volvo Car AB Regarding Possible restructuring
[2020.02] Geely Automobile Holdings Limited (Hong Kong 0175) announced preliminary discussions with Volvo Car AB regarding a possible restructuring through a combination of the businesses of the two companies into a strong global group.