Zhejiang Geely Holding Group Co., Ltd (ZGH)
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Zhejiang Geely Holding Group Co., Ltd (ZGH), commonly known as Geely, is a Chinese multinational automotive company headquartered in Hangzhou, Zhejiang. The company is privately held by Chinese billionaire business magnate Li Shufu. It was established in 1986 and entered the automotive industry in 1997 with its Geely Auto brand.[6] It sells passenger vehicles under the Geely Auto, Lotus, Lynk & Co, Proton, and Volvo brands as well as commercial only vehicles under the London EV Company and Yuan Cheng Auto (Farizon Auto) brands. The group sold over 1.5 million cars in 2018.
Zhejiang Geely Holding Group was already manufacturing its own cars long before it acquired the Swedish passenger car maker Volvo Cars from Ford in 2010.[7] It completed the acquisition of British taxi maker London EV Company in 2013,[8] and acquired a majority stake in British sports carmaker Lotus in 2017.[9]
Zhejiang Geely Holding Group’s business is divided into five sub-groups: Geely Auto Group which includes the brands Geely Auto, Lynk & Co, Proton, and Lotus; Volvo Car Group which includes the brands Volvo Cars and Polestar; Geely New Energy Commercial Vehicle Group which include the brands London Electric Vehicle Company and Yuan Cheng (Farizon); Geely Group (New Business) which includes the brands Caocao, Terrafugia, Qianjiang Motorcycle, Joma, and other new businesses; and Mitime Group (铭泰集团) which includes ZGH educational institutions, motorsports business, and tourism business. Zhejiang Geely Holding Group has global operations spanning the automotive value chain, from research, development and design to production, sales and service.[10]
Geely Automobile Holdings Ltd (吉利汽车; Jílì Qìchē) (SEHK: 175), a subsidiary of Zhejiang Geely Holding Group, is listed on the Hong Kong Stock Exchange.[11] On 13 February 2017, it became a constituent of the Hang Seng Index.[12]
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