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For the subsidiary company, see Geely Auto.

Zhejiang Geely Holding Group Co., Ltd.
Company typePrivate
IndustryAutomotive
Founded6 November 1986; 38 years ago (1986-11-06)[1]
in Taizhou, Zhejiang
FounderLi Shufu
HeadquartersBinjiang District, Hangzhou, Zhejiang, China
Area served
Worldwide
Key people
  • Li Shufu (Founder & Chairman)
  • An Cong Hui (President)
ProductsAutomobiles, engines, transmissions, luxury vehicles
RevenueIncrease CN¥92.1 billion[2] (2020)
Increase CN¥9.636 billion[2] (2020)
Increase CN¥6.44 billion[2] (2020)
Total assetsIncrease CN¥206.74 billion[2] (2020)
Total equityIncrease CN¥64.21 billion[2] (2020)
OwnerLi Shufu
Number of employees
80,000[3]
Subsidiaries
List
Chinese name
Simplified Chinese浙江吉利控股集团有限公司
Traditional Chinese浙江吉利控股集團有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinZhèjiāng Jílì Kònggǔ Jítuán Yǒuxiàn Gōngsī
Websitegeelyholding.com
Footnotes / references
in consolidated financial statement; shareholders' equity figure excluded perpetual bond[17]

Zhejiang Geely Holding Group Co., Ltd. (ZGH), commonly known as Geely (吉利 /ˈdʒiːliː/ "auspicious"), is a Chinese multinational automotive company headquartered in Hangzhou, Zhejiang. The company is privately held by Chinese billionaire entrepreneur Li Shufu. It was established in 1986 and entered the automotive industry in 1997 with its Geely Auto subsidiary.[18] Geely Auto is currently the seventh largest automobile manufacturer in China, with 1.328 million sales in China in 2021. Globally, the group sold over 2.2 million cars in 2021,[19] and over 17,926 plug-in electric vehicles in January 2022.[20]

The company produces and sells vehicles under its own branding such as Geely Auto, Geometry, Maple, and Zeekr, and under foreign-located subsidiaries, such as Volvo Cars, Polestar, Lynk & Co, Proton, and Lotus, as well as commercial only vehicles under the London EV Company, Ouling Auto and Farizon Auto brands. It also produces electric vehicles under some of the previously listed brandings, and motorcycles under its subsidiary Zhejiang Geely Ming Industrial (Jiming and Geely brands), Qianjiang Motorcycle (QJMotor and Keeway brands) and Benelli. In September 2022, the group acquired a 7.6% shareholding in Aston Martin Lagonda Global Holdings plc, the ultra-luxury British performance brand Aston Martin.[21]

Overview

Geely is a phonetic transliteration of the company's native name 吉利 (pinyin: Jílì), which means "auspicious" or "propitious" in Chinese.[22]

Zhejiang Geely Holding Group was already manufacturing its own cars long before it acquired the Swedish passenger car maker Volvo Cars from Ford Motor Company in 2010.[23] It completed the acquisition of British taxi maker London EV Company in 2013,[24] and acquired a majority stake in British sports carmaker Lotus in 2017.[25]

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.[26]

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.[27] On 13 February 2017, it became a constituent of the Hang Seng Index.[28]

History

Li Shufu, the founder of Geely Group, has described the development of Geely Group as three era, 1.0 era of Machinery, 2.0 era of Electronics, and 3.0 era of Intelligence.[29] [30]

1997-2007, Geely's 1.0 era

Li Shufu founded Geely in 1986 as a refrigerator maker with money borrowed from family.[22][31]

After the purchase of a failing, state-run firm,[32] Geely manufactured motorcycles in the mid-1990s.[33] Small van production began in 1998,[34] and a year later, it received state approval to manufacture automobiles.[34] Car production began in 2002.[31] A subsidiary of the group, Geely Auto, had its IPO on the Stock Exchange of Hong Kong in 2004.[27]

The company had a booth at the 2005 Frankfurt Motor Show,[35] and a 2006 showing at the Detroit auto show.[22]

2007-2014, Geely's 2.0 era

Geely approached Ford in mid-2008 about a possible takeover of Volvo Cars. On October 28, 2009, it was named as the preferred buyer of Volvo by the American automaker.[36] A deal was reached in late March and completed in early August, 2010.[37]

In 2010, total sales of over 415,000 units gave the company a near 2% market share.[38][39] Sales were lower than a reported 680,000 units per year production capacity.[40]

In December 2011, it was announced that Geely would begin selling Chinese designed and manufactured cars in the United Kingdom at the end of 2012, with the first model to go on sale being the Emgrand EC7.[41][42] At that time, the company also stated its intention to begin sales in Italy.[43]

2014-present, Geely's 3.0 era

In May 2017, Geely confirmed plans to purchase a 51% controlling-stake in Lotus Cars[44] from its owner, DRB-HICOM (Proton).[8] Additionally, Geely plans to purchase a 49.9% stake in Proton Holdings, to facilitate future export growth in right-hand drive markets.[9][45] The deals were seen as an important step for the Chinese carmaker in their quest to make inroads into the lucrative ASEAN region.[25]

In July 2017 the company purchased Terrafugia, an American maker of flying cars.[46] In November 2017, Geely announced completion of the Terrafugia acquisition, including approval from all relevant regulators.[47]

In December 2017, Geely invested €3.25 billion into Swedish truck and construction company Volvo Group, a former parent company of Volvo Cars.[48] The deal made Geely the biggest shareholder by number of shares with an 8.2% stake, and second by voting rights, with 15.6%.[48]

In 2018, Geely purchased a 9.7% stake in Daimler AG, owner of the Mercedes-Benz and Smart brands.[49]

In September 2019, Geely led a round of private funding for Volocopter that raised $55 million for the company. Volocopter's other private investors also include Daimler AG which owns a stake in the company.[50]

In late July 2020, it was announced that the Xingma Group had agreed to transfer a 15.24% stake of its shares in the Ma'anshan-based heavy truck manufacturer Hualing Xingma to Geely New Energy Commercial Vehicle Group, a wholly owned subsidiary of Geely Holdings. After the transaction, Geely New Energy Commercial Vehicle Group would become the de facto controlling shareholder of Hualing Xingma.[51]

In September 2020, Geely started talks with rival car manufacturers, including Daimler AG, to license a new architecture it developed for building electric cars. The new technology offers increased driving ranges of up to 700 km and lighter cars.[52]

Geely is set to create an electric vehicle joint venture together with Baidu. Baidu would develop the electric car's software while Geely would manufacture the car itself.[53][54]

On the 23 March 2021, Geely announced its Zeekr brand of electric vehicles brand to tap into China's growing demand for these vehicles. The first Zeekr model will be based on the Zero Concept car unveiled September 2020 by Geely-owned Lynk & Co. Geely expects to begin deliveries of Zeekr models in the third quarter of 2021.[55]

In August 2021, Geely started a strategic partnership with Renault by forming a car production joint venture for China.[56] In January 2022, the two companies signed an agreement by which Renault's South Korean subsidiary Renault Korea Motors would produce vehicles based on Geely Compact Modular Architecture platform,[57][58] initially intended for the domestic market. Production is set to start by 2024.[59] In May 2022, Renault said a Geely subsidiary was set to acquire a 34.02% of Renault Korea Motors through capital increase as part of their partnership, although the company would continue to be majority owned by Renault and a consolidated subsidiary of it.[60][61] In November 2022, Renault said it plans to spun off its powertrain production and development operations (including internal combustion engines and hybrid systems) and combining them with Geely's into a joint venture holding company with both as co-owners.[62][63] In March 2023, Aramco signed a letter of intent to join the powertrain joint venture.[64]

During February 2023, Geely announced the group's official launch of a new range of electrical vehicle series product series. Geely also announced the new technologies used in their range and have stated the company plan to release seven Geely Galaxy vehicle models within the next two years.[65]

Automotive divisions and products

Based in China, Zhejiang Geely Holding Group operates all over the world through its many subsidiary brands. The Group's core business activities are within the automotive industry where it controls the following automotive groups and vehicle brands:

Geely Holding Group Automotive Divisions, 2022[66] (JV) = Joint Venture
Division Subsidiaries/brands
Geely Auto Group Geely Auto, Geometry, Lynk & Co, Livan, Proton Cars(JV)
Volvo Car Group Volvo Cars, Polestar
Zeekr Intelligent Technology Zeekr
Lotus Group Lotus Cars(JV), Lotus Technology(JV)
Smart Automobile Smart(JV)
LEVC London Electric Vehicle Company
Radar New Energy Automobile Radar Auto
Geely New Energy Commercial Vehicle Group Farizon Auto, Hanma Technology(JV), Ou Ling Auto, Green Intelligent Link, Oneworld Technology

Vehicle platforms

Many of Geely's subsidiaries produce vehicles using shared architectures. Some examples include:

Brands

Geely Auto

Geely Automobile Holdings Ltd. (Geely Auto) is one of biggest subsidiaries of Zhejiang Geely Holding Group.
Main article: Geely Auto

Geely Auto is ZGH's original and mainstream brand, primarily sold in China and select overseas markets.

Geely Galaxy

Geely Galaxy is Geely's upscale range of 'new energy vehicles' (hybrids and EVs) for the executive market.[67] Even though Yinhe translates as milky way,[68][69] the global brand is being referred to as Galaxy[70] by the company,[71] with pure electric models to be launched under the Galaxy E brand.[72] Six days after showing their Galaxy Light concept, Geely received notice from Changan Automobile that the design was too similar to one of their own cars.[73][74]

Key models include:

Geely Geometry

Main article: Geely Geometry

Geely Geometry is an electric-only range of Geely-based cars. 10 models are planned by 2025.[78]

The Geometry brand was reconsolidated into Geely Auto as an entry-level electric product series in March 2023.[79][80]

Zeekr

Main article: Zeekr

Zeekr is a brand founded by Geely in 2021 which specializes in luxury EVs.

Lynk & Co

Main article: Lynk & Co

Owned 50% by Geely Auto, 30% by Volvo Cars, and 20% by Zhejiang Geely Holding Group, Lynk & Co was formed in 2017.[81] It is a Chinese-Swedish car brand based on technology developed jointly by Volvo Cars and Geely Auto.

Livan Auto

Main article: Livan Automotive

In 2022, Geely launched the joint venture between Lifan and Maple called Livan (Ruilan, 睿蓝).

Maple

Main article: Maple (marque)

As of 2020, the Maple brand was revived as a result of the partnership between Geely and Kandi Technologies.

  • Maple 30x
    Maple 30x
  • Maple 60S
    Maple 60S
  • Maple 80V
    Maple 80V

Volvo Cars

Main article: Volvo Cars

Owned 82% by Zhejiang Geely Holding Group (post Volvo Cars IPO).[14] Zhejiang Geely Holding Group acquired Volvo Cars from Ford Motor Company in 2010.[23]

Polestar

Main article: Polestar

Owned 50.5% by Zhejiang Geely Holding Group (or associated entities) and 49.5% by Volvo Cars.[82] Polestar, a Swedish all-electric premium car brand, was previously part of Volvo Cars before being spun out into an independent entity.

Farizon

Main article: Farizon Auto

Yuan Cheng Auto (远程汽车) or Farizon Auto was formed in 2016 to focus on the development of commercial vehicles in China and has launched several long range capable truck and bus solutions. The company raised over $300 million in a Pre-A Round in October 2022 led by GLP's investment arm Hidden Hill Capital,[83] and $600 million in a Series-A funding round in July 2023, led by Boyu Capital and Yuexiu Industrial Fund.[84]

Products include:

  • Farizon E200
    Farizon E200
  • Farizon E200S
    Farizon E200S
  • Farizon Xingzhi
    Farizon Xingzhi
  • Farizon E5L
    Farizon E5L
  • Farizon E6
    Farizon E6
  • Farizon Xingxiang
    Farizon Xingxiang
  • Farizon FX
    Farizon FX
  • A Farizon bus
    A Farizon bus

Radar

Main article: Radar (marque)

Radar is Geely's upscale pick-up truck brand, with its name standing for Rational, Alone, Discovery, Accompany, and Romantic.

The brands first vehicle, the Radar RD6, was unveiled in 2022.[89]

  • Radar RD6
    Radar RD6

Lotus

Main article: Lotus Cars

Owned 51% by Zhejiang Geely Holding Group and 49% by Etika Automotive. Lotus Cars is a British producer of sports and racing cars. The first Lotus car was built in 1948 and in June 2017, Lotus Cars became majority owned by Zhejiang Geely Holding Group.

LEVC

Main article: London Electric Vehicle Company

The London Taxi Company, which was acquired by Zhejiang Geely Holding Group in 2013, changed their name to London Electric Vehicle Company (LEVC) in 2017 to reflect their new mission of developing and producing electric commercial vehicles. With a new factory in Ansty, Coventry, they have begun production of a new generation of zero emission capable new taxi vehicle in late 2017.[90]

  • LEVC TX
    LEVC TX
  • LEVC VN5
    LEVC VN5

Joint venture brand

Jidu Auto

Main page: Draft:Jidu Auto

Jidu Auto, a joint venture between Geely and Baidu, intends to release a full portfolio of electric vehicles in different segments starting in 2022.[91]

  • Jidu ROBO-01
    Jidu ROBO-01
  • Jidu ROBO-02
    Jidu ROBO-02

Proton

Main article: Proton Holdings

Owned 49.9% by Zhejiang Geely Holding Group and 50.1% by DRB-Hicom and is managed by Geely Auto Group. Proton is the National Car Brand of Malaysia established in the 1980s at the behest of the government and later reverted to private ownership under DRB Hicom.

Smart

Main article: Smart (marque)

In 2020, Mercedes-Benz and Geely Holding formally establish Smart brand as a global joint venture, targeting at producing zero-emission electric cars.[92] In 2022, the joint venture launched its first model Smart #1.

Motorcycle Brand

Qianjiang Motorcycle

Main article: Qianjiang Motorcycle

Qianjiang Motorcycle is one of the largest manufacturer of 2 wheeled vehicles in China. Since September 2016, the majority shareholding (29.8%) of the company has been controlled by the Geely Group. The vehicles are sold under four brands: QJiang, QJMotor, Benelli, Keeway Motors and KSR Moto.

Benelli

Main article: Benelli (motorcycles)

Benelli is a subsidiary that produces motorcycles and scooters. Design, development and marketing activities are carried out at the Benelli QJ headquarters in Pesaro, Italy, with production occurring in Wenling, China for sale globally.

Key models include:

  • Benelli TNT 300
  • Benelli TRK 502
  • Benelli Leoncino 500
    • Benelli TNT 300
      Benelli TNT 300

    Discontinued brands and models

    Geely has sold cars under at least three separate brands and may have continued to use the brand name of a purchased company for a short time. The Emgrand, Englon, and Gleagle names were phased out in 2014[93] alongside efforts to reduce sprawl,[94] and the Shanghai Maple brand name was discontinued in 2010 and revived in 2020.[95]

    Emgrand

    Main article: Emgrand

    Emgrand (Chinese: 帝豪; pinyin: Dìháo) was launched in 2009 as a medium to high-end luxury brand.[96] In 2014 Emgrand ceased to be a stand-alone brand, and Emgrand became a sub-brand of Geely, which itself adopted an updated version of the Emgrand logo.

    Englon

    Launched in 2010 and replacing the Shanghai Maple brand,[95] the company claimed Englon (Chinese: 英伦; pinyin: yīng lún) emulated classic, British style, and its model line included a TX4 sold on the Chinese market.[97] Some of its cars were built by Geely subsidiary Shanghai LTI.[98] As Geely fully acquired The London Taxi Company in 2013, the emblem of Englon also became the new logo of The London Taxi Company.[98]

    Gleagle

    Here, the former Gleagle logo can be seen on a Geely LC, which was also sold under that brand name.
    Main article: Gleagle

    Gleagle (Chinese: 全球鹰; pinyin: Quánqiú Yīng) was an entry-level brand.[99] Some Gleagle cars, such as the Gleagle Panda, were available for sale on the Internet in China via the Taobao Mall, a popular e-commerce site.[100][101] While Geely would deliver the car to the customer's address, buying one of the Panda models on offer did necessitate a trip to a traditional dealer.[102] This sub-brand was discontinued in 2015; most products continued to be sold directly under the Geely brand.

    Products sold under the Gleagle brand include:

    Shanghai Maple

    Main articles: Shanghai Maple and Shanghai Maple Automobile

    Originally Shanghai Maple (SMA, Shanghai Maple Automobiles), the brand was established in 2000, producing Huapu (Maple) branded vehicles. The vehicles are listed under the Langfeng (朗风) brand while being sold as Huapu (华普) products. Geely acquired a strategic holding in Shanghai Maple in 2002, and in 2008, Shanghai Maple was fully consolidated into Geely as their budget brand before phasing it out in 2010.

    • Maple Whirlwind (Biaofeng)
      Maple Whirlwind (Biaofeng)
    • Maple Marindo hatch
      Maple Marindo hatch
    • Maple Marindo sedan
      Maple Marindo sedan
    • Maple Hisoon hatch
      Maple Hisoon hatch
    • Maple Hisoon sedan
      Maple Hisoon sedan
    • Maple Hysoul (Haishang)
      Maple Hysoul (Haishang)
    • Maple Haifeng
      Maple Haifeng

    Zhidou

    Main article: Zhidou

    Zhidou Auto or ZD Auto brand specializes in microcars. The brand was discontinued since 2021.

    • Zhidou D2S
      Zhidou D2S

    Geely Motorcycles

    Main article: Geely Ming Industrial

    Geely produced also motorcycle since 1994 with own subsidiry Geely Ming Industrial Co., with the brand Jiming and Geely Motorcycle.

    Production facilities

    Part of an assembly line at a Geely plant in Ningbo, Zhejiang, can be seen here.

    Headquartered in Hangzhou, Zhejiang, Geely has production bases in Lanzhou, Gansu (completed in 2006, Geely construction in the region continued as of August 2010 either for expanding the existing facility or for a new semi-complete knock-down factory); Xiangtan, Hunan;[106] an unnamed location 40 minutes south of Shanghai;[107] Jinan, Shandong; and at Linhai, Luqiao, and Ningbo in Zhejiang.[27]

    At least four overseas factories assemble Geely models probably from semi-complete or complete knock-down kits.[citation needed] Such facilities are or have been located in Indonesia, Sri Lanka (in collaboration with Micro Cars),[108][109] Malaysia, Russia (assembly controlled by local firm Derways), Belarus (BelGee),[110] Azerbaijan (NAZ), Tunisia,[111] and Ukraine. These locations are not necessarily affiliated with or owned by Geely.

    Non-automotive subsidiaries

    Geely Technology Group

    • CAOCAO – CAOCAO ride hailing service was developed by Hangzhou YouXing Technology Company and majority owned by Zhejiang Geely Holding Group. It is the first Chinese new energy focused mobility service.
    • Terrafugia – Terrafugia was founded in 2006 targeting at roadable aircraft. The company was acquired in full by Zhejiang Geely Holding Group in 2017.
    • Zhejiang Qianjiang Motorcycle Group Co – Qianjiang Motorcycle (钱江摩托) was majority acquired by Zhejiang Geely Holding Group in 2016. The company 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.[112]
    • Geespace plans to create a network of low earth orbit satellites that will send precise positioning information to self-driving cars.[113]

    Mitime Group

    Mitime Group was established in 2004 and is affiliated to Zhejiang Geely Holding Group. It focuses on investment and operation management of higher education, sports, cultural tourism and other businesses. The group consists of three departments: Mitime Education, Mitime Sports and Mitime Cultural Tourism.[114]

    • Mitime Education – ZGH has invested in establishing 9 universities and colleges across China, including the Geely University of China (吉利学院), University of Sanya, Xiangtan Institute of Technology (湘潭理工学院), Sanya Institute of Technology (三亚职业理工学院), and Hunan Geely Automobile College (湖南吉利汽车技术职业学院). The wider group has over 40,000 students enrolled within its schools with the goal of developing Chinese automotive industry talents.
    • Mitime Motorsports – Mitime constructs and operates race tracks for automobiles, motorcycles, and karts around the world. Mitime also organizes motorsport events such as China F4 Championship.
    • Mitime Tourism – Mitime facilitates tourism and manages hospitality services around its tracks.

    Drivetrain Systems International

    In 2009, Geely bought Drivetrain Systems International Pty Ltd,[115] a global transmission developer headquartered in Australia.

    Meizu

    Main article: Meizu

    In June 2022, Geely acquired a majority stake of Meizu, a Chinese consumer electronics manufacturer based in Zhuhai, Guangdong.

    Sales

    Dealer network in China

    Geely refers to its dealer network as 4S stores and also sells some models online.[102] In 2014, it had a reported 900 retail outlets.[94]

    Markets

    A Geely MK in Singapore. 770 Geely cars were on Singaporean roads in 2010.[116]

    In addition to China, Geely vehicles have been sold in Argentina,[117] Australia,[118] Bahrain,[119] Brazil,[120] Chile,[121] Colombia,[122] Costa Rica,[123] Egypt,[124] Indonesia,[125] Iran,[126] Kuwait,[127] Nepal,[128] New Zealand,[129] Nigeria,[130] Oman,[131] Pakistan, the Philippines,[132] Romania,[133] Russia,[134] Saudi Arabia,[135] South Africa,[136] Syria,[137] Taiwan,[138] Turkey,[139] Ukraine,[140] Uruguay,[141] and Venezuela.[142] In a number of markets, Geely vehicles are assembled in local factories from complete knock-down kits. Geely is also marketed in Lebanon, through the Rasamny Younes dealership network.

    The Cuban government has purchased a considerable number of Geely vehicles, and they are used as police patrol cars[32] or tourist taxis throughout Havana.[143][144]

    The Geely automobile brand was touted to be launched in the United Kingdom in late 2012.[145][146] However, this plan was not pursued and the official website has been offline since mid-2014.

    In July 2020 1st showroom opened in Doha, Qatar.[147]

    Figures

    In 2010, Geely brand surpassed its 400,000-vehicle sales target goal for the first time selling 415,286 cars[148] of its 680,000 units/year production capacity.[115]

    Geely Auto Group (including Geely, Lynk & Co brand) reported annual sales of 1,500,838 units in 2018. This year marks the first time that Geely Auto has reached sales of 1.5 million units.[149]

    Geely domestic sales in China, 2003–2020[150]
    Calendar year Sales Growth Market share
    2003 73,779 N/A Increase 3.44%
    2004 98,283 Increase 33.21% Increase 3.99%
    2005 143,279 Increase 45.78% Increase 4.45%
    2006 205,346 Increase 43.32% Increase 4.89%
    2007 219,512 Increase 6.90% Decrease 4.16%
    2008 221,786 Increase 1.04% Decrease 4.08%
    2009 329,018 Increase 48.35% Decrease 3.98%
    2010 414,465 Increase 25.97% Decrease 3.70%
    2011 432,752 Increase 4.41% Decrease 3.52%
    2012 491,445 Increase 13.56% Increase 3.72%
    2013 549,393 Increase 11.79% Decrease 3.37%
    2014 425,773 Decrease -22.50% Decrease 2.31%
    2015 532,384 Increase 25.04% Increase 2.64%
    2016 778,896 Increase 46.30% Increase 3.30%
    2017 1,251,656 Increase 60.70% Increase 5.16%
    2018 1,382,119 Increase 10.42% Increase 5.96%
    2019 1,255,480 Decrease -9.16% Decrease 5.93%
    2020 1,134,433 Decrease -9.50% Decrease 5.77%
    Geely Group sales[151][152][153]
    Year Total Geely Geometry Livan Lynk & Co Zeekr Volvo Polestar Lotus LEVC Farizon Radar Zhidou
    2010 425,194 425,194 - discontinued - - - - - - - - -
    2011 857,006 452,161 - - - 404,735 - - - - - -
    2012 905,083 527,918 - - - 377,165 - - - - - -
    2013 979,691 617,484 - - - 362,207 - - - - - -
    2014 878,818 499,165 - - - 379,653 - - - - - -
    2015 1,025,287 578,517 - - - 421,374 - - - - 25,395
    2016 1,333,077 809,079 - - - 503,706 - - - 1,961 - 20,292
    2017 1,867,066 1,273,837 - 6,012 - 536,905 - 1,600 - 6,228 - 42,484
    2018 2,212,102 1,401,819 - 120,414 - 666,586 - 1,630 1,293 5,024 - 15,336
    2019 2,093,962 1,245,168 12,662 128,066 - 694,831 - 1,320 2,507 7,313 - 2,095
    2020 2,040,418 1,166,920 10,300 2,620 175,456 - 667,159 9,853 1,378 1,118 5,265 - 349
    2021 2,105,560 1,101,506 55,320 4,945 220,516 6,007 674,232 21,940 1,710 392 18,980 - 12
    2022 2,293,652 1,124,780 149,389 56,140 180,127 71,941 615,121 51,500 641 2,508 41,505 undisclosed discontinued
    Geely joint-venture brands sales
    Year Proton[154] Smart[155] Jidu[156]
    2017 70,991 - -
    2018 64,744 - -
    2019 100,183 - -
    2020 109,716 - -
    2021 114,708 - -
    2022 141,432 9,212 -

    Trivia

    Geely is known for imbuing a sense of humor in the names of some of their vehicles. One of Geely brand sedan is called the "King Kong" and its early model was named Uliou（Chinese: 优利欧, You Li Ou）,[31] a play on words that literally means "better than the Tianjin Xiali （Chinese: 夏利, Xia Li) or the Buick Sail（Chinese: 赛欧, Sai Ou）， two of its competitors.[157]

    Controversies

    The 2009 Geely GE concept received criticism for looking like a Rolls-Royce.[158]

    An unsuccessful lawsuit was brought against the company in the early 2000s by Toyota, which claimed Geely had "implied in ads that some of the parts [used in Geely vehicles] were made by Toyota".[159] Geely may also have previously used a logo that resembled that of Toyota.[160]

    See also

    References

    1. ^ "History 1986–now". Archived from the original on 18 March 2017. Retrieved 26 June 2021.
    2. ^ a b c d e "Annual Report 2020" (PDF). Geely Automobile Holdings Limited.
    3. ^ "The Group at a Glance". www.zgh.com. Archived from the original on 23 November 2017. Retrieved 17 January 2022.
    4. ^ "Volocopter announces joint venture with Geely subsidiary Aerofugia". electrive.com. 22 September 2021. Retrieved 5 January 2023.
    5. ^ Cathcart, Alan (12 March 2018). "Volvo owner Geely buys major stake in Benelli owner Qianjiang". DriveMag Riders. Retrieved 5 January 2023.
    6. ^ "Kinesiska staten storägare i Geely-bolag baserat i Göteborg". auto motor & sport (in Swedish). 8 December 2021. Retrieved 5 January 2023.
    7. ^ Triches, Robert (8 November 2022). "170 varslas om uppsägning på Geelyägda Cevt". Dagens industri (in Swedish). Retrieved 5 January 2023.
    8. ^ a b Anthony Lim (24 May 2017). "DRB-Hicom to sell Lotus in its entirety for £100 million – Geely to acquire 51%, Etika Automotive to buy 49%". Driven Communications. Archived from the original on 27 May 2017. Retrieved 27 May 2017.
    9. ^ a b Gerard Lye (24 May 2017). "Geely to acquire 49.9% stake in Proton, 51% in Lotus – definitive agreement to be signed before end of July". Driven Communications. Archived from the original on 4 August 2019. Retrieved 27 May 2017.
    10. ^ Norihiko Shirouzu, Heekyong Yang (10 May 2022). "China's Geely buys stake in Renault Korea, eyeing US exports". Reuters. Retrieved 5 January 2023.
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    • Brands and companies of Geely
    • Official website
    • Business data for Geely:
    • Geely Global
    • Zhejiang Geely Holding Group website
    • Official Geely Motorcycles website
    Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Geely&oldid=1166806711"