Sampo plc new shareholder in Saxo Bank and Geely becomes largest shareholder 2 October 2017, Hangzhou. Shareholders of Saxo Bank Group (“Saxo”), a leading multi-asset trading and financial-technology firm, have received an offer from Sampo Group, a leading Nordic financial services group, to take up a stake of 19.9 percent of the bank. In May 2017, it was…
Geely Holding and Etika Automotive Announce Joint Board Mr. Daniel Donghui Li appointed Chairman of Lotus Board Mr. Jean-Marc Gales to continue in his role as CEO 29 September 2017, Kuala Lumpur. Zhejiang Geely Holding Group (Geely Holding) today completed the transaction to purchase a majority stake in the British luxury sports brand Lotus. Geely…
Dr. Li Chunrong, appointed CEO of PONSB, leads executive team of global experts Full revitalization of PROTON Group underway 29 September 2017, Shah Alam, Malaysia. Exactly one hundred days after the signing of the Definitive Agreement between DRB-HICOM Berhad (DRB-HICOM) and Zhejiang Geely Holding Group (Geely Holding) on 23 June, the two companies have confirmed…
50 new Geely GC9 delivered for foreign affairs use 7 September 2017, Beijing, China. Geely Auto (Geely) announced today that China’s Ministry of Foreign Affairs Service Bureau would continue to use Geely’s flagship sedan, the Geely GC9, within its diplomatic fleet. Fifty new Geely GC9s were delivered to the Beijing Diplomatic Service Bureau at…
30 August 2017, Gothenburg, Sweden. Zhejiang Provincial Party Secretary and Director of Zhejiang Province People’s Congress Standing Committee Che Jun along with a delegation from Zhejiang visited Volvo headquarters and Geely’s China-Euro Vehicle Technology Centre (CEVT) in Gothenburg, Sweden. Secretary Che and his delegation toured of Volvo’s experience centre, observed a Volvo vehicle crash test,…
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…
Zhejiang Geely Holding Group Poverty-Relief Project Lifts Villages Out of Poverty Geely Holding Group invest over 800,000 RMB to lift one disadvantaged village out of poverty In 2016, Geely Holding Group invested 28 million RMB in poverty alleviation 8 August 2017, Zhangjiakou, China. Zhejiang Geely Holding Group targeted poverty-relief program “Geely Timely Rain” is helping…
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…
