Zhejiang Geely Holding Group
Zhejiang Geely Holding Group is split into eleven divisions to maximize synergies and improve resource utilization: Geely Auto Group, Zeekr Intelligent Technology, Volvo Car Group, Geely New Energy Commercial Vehicle Group, Geely Technology Group, Mitime Group, Geely Talent Development Group, Lotus Group, Mobility Services Division, Financial Services Division, and LEVC.
Geely Auto Group
Geely Auto Group operates and manages the following brands – Geely Auto, Geometry, Lynk & Co, PROTON, and smart.
Geely Auto is a Chinese auto brand founded 1997 as a subsidiary of Zhejiang Geely Holding Group. With the mission of “Making Refined Cars for Everyone,” the brand has grown tremendously, becoming the best-selling Chinese automotive brand globally. The brand has already developed a network of over 1,400 dealers across China as well as over 450 international sales and service points covering 40 countries.
Geely Auto has accumulated sales volume of 1,320,217 units In 2020, and its market share has keep increased steadily.Since 2017, Geely Auto has been the top Chinese brand in passenger vehicle sales for four consecutive years
Geometry is an independent pure electric sub-brand established in 2019 within Geely Auto Group. The brand is committed to launching a series of products including sedans, SUVs, and MPVs driven by pure electric drive. It utilizes the latest technologies within the Group in the fields of vehicle intelligence, connectivity, lightweight materials, and architectures. Geometry will have its own pure electric platforms and architectures, as well as exclusive distribution channels and marketing. With Geometry, a new era of pure electric vehicle development has arrived.
Lynk & Co is a globally focused automotive brand formed in 2016 as a joint venture between Geely Auto Group and Volvo Car Group to challenge the established automotive industry with an offering that meets the needs and requirements of a new generation of globally connected consumer. The annual sales of Lynk & Co in 2020 were 175,456 units, acquired an year-on-year increase of 37%.The brand has sold more than 420,000 units in four years since its birth.
PROTON is the national car brand of Malaysia. Established in the early 1980’s at the behest of the Malaysian government and later reverted to private ownership under DRB-HICOM, it quickly became a globally recognized brand with exposure in Europe, Southeast Asia, and Latin America. In 2017, Geely Holding Group acquired a 49.9% stake in the PROTON becoming the brand’s strategic partner.
smart is a global joint venture company between Geely Holding and Mercedes-Benz AG to transform the smart brand into a high-end pure electric vehicle brand for the global market. The company was established on Jan 8, 2020 with its headquarters in Ningbo, China. Sales and marketing offices have been set up in China and Germany to jointly operate and promote the transformation of the brand worldwide.
The new generation of pure electric smart vehicles will be designed by Mercedes-Benz global design team. Geely’s global R&D network will be responsible for the engineering and development of the new models. The new smart will be produced in a brand new plant in China and is expected to launch and sell globally in 2022. smart’s future product lineup will expand into the fast growing compact vehicle market segment.
Zeekr Intelligent Technology
Zeekr Intelligent Technology operates and manages the Zeekr brand and its ecosystem affiliates
Zeekr is an electric mobility technology and solutions brand that serves the growing global demand for premium electric vehicles. Zeekr will create a fully integrated user ecosystem with an innovation as standard. The brand utilizes Geely’s leading Sustainable Experience Architecture (SEA) and includes its own battery technologies, battery management systems, electric motor technologies and electric vehicle supply chain support.
Volvo Car Group
Volvo Car Group is made up of two Swedish brands, Volvo Cars and Polestar.
Volvo is one of the most well-known and respected car brands in the world, the company aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. Volvo Cars became part of Zhejiang Geely Holding Group on August 2nd 2010. In 2020, Volvo Cars sold a total of 661,713 units in about 100 countries. By the middle of this decade it aims for half of its global sales to be fully electric cars, and eventually to be a climate-neutral company by 2040.
Polestar was founded by Polestar Racing, now called Cyan Racing, to explore how the technology behind their multiple title-winning racing success could be applied to Volvo cars on all roads and conditions in everyday life. Volvo Car Group acquired Polestar from Polestar racing in 2015 and in 2017, Polestar became an independent brand focused on high-performance electrified cars.
Polestar is jointly owned by Volvo Cars and Geely Holding Group with its own separate management and governance. It will enjoy the technical and engineering synergies of Volvo Cars and benefit from Volvo’s strong economies of scale. These synergies enable Polaris to design, develop, and mass produce high-performance electric vehicles under independent brands.
Geely New Energy Commercial Vehicle Group
Geely New Energy Commercial Vehicle Group (GCV) is a new energy commercial vehicle technology and service focused division
Farizon Auto was founded in 2016, focusing on the development of new energy commercial vehicles and has already launched several long range capable truck and bus solutions. The company is developing urban commercial vehicles based around the e-GAPF power systems, and long-ranged commercial vehicles powered by clean methanol fuel. Farizon Auto plans on offering a full range of new energy commercial vehicles including buses, light trucks, heavy trucks, and vans.
Green Intelligent Link was founded in 2020 together with Transchem Group as a provider of smart commercial vehicle mobility services. Green Intelligent Link offers users specialized commercial vehicles with whole vehicle lifecycle management including rental services, sales, charging infrastructure development, and maintenance services.
Oneworld Technology is a smart commercial vehicle and green IoT service provider focused on empowering the logistics sector with sustainable service solutions. Oneworld is committed to building a smart new energy logistics ecosystem.
Geely Technology Group
Geely Technology Group is a division made up of innovative brands invested in by Zhejiang Geely Holding Group.
The group acts as an incubator for young brands giving them access to Geely global resources.
BSKY is an aluminum material processing and material science research group
EE Energy Technology is a charging and battery swapping facility operator and smart energy ecosystem developer
Terrafugia is an innovative company committed to revolutionizing mobility by opening the skies to daily commuters.
Geespace is a Geely strategically invested innovative technology enterprise. Founded in 2018, Geespace is committed to becoming the world leading provider of satellites, related infrastructure products, and application solutions. The company aims to raise the level of the satellite industry chain and advance the commercialization of aerospace technologies.
Geespace provides highly competitive, secure, reliable customized solutions for satellite networks, satellite data application, and high-precision navigation positioning service. Through the application of innovative aerospace technologies, the company provide support for smart manufacturing, future mobility, big data computing, etc. Geespace creates value for its customers by forming transparent win-win cooperative partnerships and innovating the aerospace industry.
Qianjiang Motor is one of the largest producers of motorcycles in China and own several renowned brands including Italy’s Benelli. They are also known for their lithium battery technology developed for vehicle usage. The company was majority acquired by Zhejiang Geely Holding Group in 2016.
Lotus Group is a majority owned subsidiary which operates and manages the Lotus Car brand and Lotus Engineering
Lotus Cars is an iconic British sports and racing car brand founded in 1952. Its founder, Colin Chapman believed lightness was key to the development of great sports car. Lotus Engineering, a subsidiary of Lotus Cars has helped developed some of the most iconic and famed cars around. Geely Holding Group acquired majority stake in the brand in 2017.
Mitime Group was established in 2004 and is managed by Geely Holding Group.
The Group focuses on diversified investments and operations in the fields of motor speedparks, sports activities, and cultural tourism. There are more than 40 subsidiary enterprises collectively valued at over 10 billion RMB and employing over 3,000 employees under the Mitime Group. The group is divided into three main divisions, Mitime Speedparks, Mitime Sports, and Mitime Tourism.
A key supporter of motorsports culture in China and around the world, Mitime has been instrumental in the development of new modern motor speedparks.
Mitime Speedpark responsible for the investment and development of motor speedparks around the world. They have already constructed multiple race circuits in China and abroad, Current they operate tracks in Ningbo, Chengdu, and North America.
Mitime Sport is a key area of development for the Mitime Group. The group has organized many sporting events, provided high-end sport related support services, and promoted participation in sports. Their mission is to promote sports and healthy living to the public.
Mitime Sports includes Mitime Racing, Mitime Golf, Mitime Sailing, Mitime Endurance Sports, and other businesses. They have organize the Ningbo International Marathon, China-ASEAN International Marathon, Dragon International Half-Marathon, China Iron Man, and Hangzhou Bay Bicycle Race.
Geely Talent Development Group
Geely Talent Development Group takes on the educational spirit which Geely Chairman Eric Li (Li Shufu) has advocated throughout his life. It’s mission is to “help people realize their inner value.” The Group is committed to serving the public welfare, cultivating and empowering talent, helping individuals achieve inner transecendance, and raising the status of educators in order to provide talents for sustainable economic and social development and lay a foundation for social progress.
Geely’s history of entrepreneurship is also a history of education. Before entering the automotive industry in 1997, Geely Holding Group first established a school to cultivate talents for the automotive industry. To date, Geely has established 9 higher education institutions including Geely University, Sanya University, Sanya Institute of Technology, Zhejiang Automobile Technical College, Hunan Geely Technical College, etc. Each year more than 10,000 student graduate from Geely schools. Over 150,000 talented individuals have already been educated through Geely schools.
Mobility Services Division
Geely’s Mobility Services Division is responsible for managing Geely’s investments in mobility services
CAOCAO is a new energy focused mobility services platform invested in by Zhejiang Geely Holding Group. Established in 2017, CAOCAO has already been put into operation in over 55 cities with a total of 50,167 new energy vehicles. The APP platform of CAOCAO has 41.83 million registered users and 1.1 million daily active users, and seen more than 2 million rides ordered daily. Through the use of new energy vehicles, the platform has reduced carbon emissions by over 300,000 tons and saved more than 150 million litres of fuel compared to the use of traditional taxi vehicles.
Starrides is a 50:50 joint venture between Daimler Mobility Services and Geely Technology Group headquartered in Hangzhou offering high-end mobility services in select cities in China. The vehicles used by the service will include but not limited to Mercedes Benz S-Class, E-Class, V-Class, Maybach sedans, and high-end pure electric models from Geely Holding Group.
Fintech Services Division
Geely Fintech Services Division is responsible for the operation and management of Geely invested financial services and financial technology platforms
Genius AFC is a joint venture between Geely Automobile Holdings Limited and BNP Paribas Personal Finance which provides financial products and services for licensed dealers and car buyers.
SaxoBank is an expert in financial technology. It focuses on multi asset trading and investment, and offer corporate customers Banking-as-a-Service.
London Electric Vehicle Company
LEVC is a British producer and developer of zero-emission electrified commercial vehicles
London Electric Vehicle Company (LEVC) is an English brand with a history of more than 70 years in the production of commercial vehicles, it became a wholly-owned subsidiary of ZGH in 2013.
The brand boasts over 100 sales and after sales centres across 40 countries and regions. ZGH has invested over 300 million GBP in London Electric Vehicle Company in 2015 to develop an entirely new generation of zero emission capable taxi model and a brand new production facility in Ansty, Coventry.
In 2020, LEVC also launched its newest VN5 zero emission capable commercial van.