Geely Auto revenue for first half of 2017 reached 39.424 billion RMB, up 118% from the same period last year. Profit for first half of 2017 reached 4.344 billion RMB, up 128% from the same period last year. 530,627 units sold in the first half of 2017, an 89% increase from the same period last…
4 August 2017, Hangzhou, China. Zhejiang Geely Holding Group (Geely Holding), China’s leading privately-owned automotive group, has completed the formation of two new joint ventures with Volvo Cars to co-operate on automotive technologies, purchasing and the future development of the newly-launched LYNK & CO brand. Geely Holding and Volvo, its wholly-owned Swedish subsidiary, today signed…
Volvo Cars and Geely Auto form joint venture to cooperate on vehicle technologies and component-sourcing. Volvo Cars to take stake in LYNK & CO. 20 July 2017, Hangzhou, China. Zhejiang Geely Holding Group (Geely Holding), China’s leading privately-owned automotive group, has today signed a memorandum of understanding with Volvo Cars to create a new joint…
Geely Holding rises 67 places to 343rd in 2017 Fortune Global 500 Geely Holding listed on Fortune Global 500 for sixth consecutive years 20 July 2017, Hangzhou, China. Zhejiang Geely Holding Group (Geely Holding) rose 67 places from the previous year to become ranked 343rd in the 2017 Fortune Global 500 with 2016 revenue of US$31.4…
Swedish Prime Minister and Chairman of Zhejiang Geely Holding Group witness historic signing of Letter of Intent between Geely Auto Group and the city of Gothenburg Geely Auto Group to develop 70,000 sq. metre Geely Innovation Centre in Gothenburg Planned Geely Innovation Centre to house over 3500 highly skilled staff when completed 28 June 2017,…
Transformative acquisition gives Geely Holding a 49.9% stake in PROTON and a 51% stake in Lotus 23 June 2017, Kuala Lumpur, Malaysia. Zhejiang Geely Holding Group (“ZGH” or “Geely Holding”) announced that it has signed a final contract with DRB-HICOM Berhad (“DRB-HICOM”) of Malaysia, acquiring 49.9% shares of DRB’s PROTON and 51% shares of luxury sports…
Global innovative cooperation highlights ‘Made in China 2025’ policy during Premier Li European state visit. 2 June 2017, Brussels, Belgium. During the ninth EU-China Summit, Premier Li Keqiang and the Chinese delegation visited the Geely-Volvo Innovation Display with Belgium Prime Minister Charles Michel where they were welcomed by Zhejiang Geely Holding Group’s (Geely Holding) Chairman…
Agreement paves way for Chinese automotive group to powered strategic stakes in Malaysian and UK carmakers 24 May 2017, Kuala Lumpur. Zhejiang Geely Holding Group (Geely Holding), China’s leading privately-owned automotive group, has reached a binding heads of agreement with DRB-HICOM Bhd (DRB) of Malaysia regarding the future of PROTON Holdings Bhd (PROTON) and Lotus…
Investment reaching 6.2 billion RMB. Geely Auto launches new iNTEC technology brands New engine range includes highly efficient 1.0TD and 1.4TD engines 11 May 2017, Hangzhou Bay, China. Geely Auto Group’s new flagship research and development center was formally opened earlier today. The new state of the art facility its home to nearly 7000 full…
LYNK & CO’s Alain Visser promises aggressive market strategy in China: “WE WILL OFFER BOTH LIFETIME WARRANTY AND FREE CONNECTIVITY ON EVERY LYNK & CO CAR” LYNK & CO also successfully demonstrated its in-car app-based sharing feature with 800 users, live, for the first time in Shanghai. 16 April 2017, Shanghai, China. Today LYNK & CO…
